Chainlink (LINK), a decentralized oracle network, saw a depreciation of 1.7% against the US dollar on Friday, trading at approximately $7.54 or 0.00027227 BTC. The blockchain platform, launched by Sergey Nazarov and Steve Ellis in 2017, enables real-world data connectivity to Ethereum-based smart contracts. With a total supply of 1 billion tokens and a circulating supply of about 556 million tokens, Chainlink has a market capitalization of $4.20 billion. On the same day, $176.26 million worth was traded.
Chainlink's investors typically acquire the token using Ethereum or Bitcoin, which can be purchased on exchanges like Gemini, Coinbase (NASDAQ:COIN), or Changelly. The company maintains an active online presence through its official website, Twitter, Reddit, Facebook (NASDAQ:META) page, and official message board.
In other cryptocurrency news from the past week, Cannation experienced a significant drop on October 4th. The coin fell 7.2% against the U.S. dollar to $28.70 or 0.00103277 BTC with a market cap of $71.09 million and $9,945.10 worth traded in a day.
Cannation has a total supply of 2,476,893 coins with nearly all of these in circulation - specifically 2,476,892 coins - and is traded on 22 active markets. Similar to Chainlink, trading requires buying Ethereum or Bitcoin first on exchanges such as Gemini, Coinbase or Changelly.
CryptoCompare reported $119,956.03 traded over the last 24 hours for Cannation and daily news & updates are available via the CryptoBeat newsletter.
Other cryptocurrencies such as KILT Protocol, Aidi Finance, Zoo Token, and CareCoin also reported market fluctuations this week while OmniaVerse, Kitty Inu, Hokkaidu Inu, Lumi Credits, Jeff in Space, and Lego Coin gained value.
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