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Chainlink up 17% Over Weekend, Outperforming Ethereum by Daily Dev Activity

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Mon, 02/07/2022 - 09:11
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Yuri Molchan
LINK price rises over the weekend along with other altcoins as LINK dev activity has surpassed that of Ethereum
Chainlink up 17% Over Weekend, Outperforming Ethereum by Daily Dev Activity
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Santiment on-chain analytics agency has shared the reason why Chainlink gained almost 17% over the weekend.

The 22-ranked cryptocurrency is now changing hands at $18.65, according to CoinMarketCap.

Chainlink surpasses ETH and BTC by dev activity

According to the recent tweet published by Santiment, Chainlink has surpassed the second largest crypto platform, Ethereum, by development activity; this can be seen by significant updates on Github made recently every day.

According to the chart shared by Santiment, LINK developers have been making 304 major update submissions per day.

The chart also shows that LINK dev activity has been higher not only than that of Ethereum but of Bitcoin as well.

LINK has been one of the most popular cryptocurrencies recently, along with FTX Token (FTT) and Shiba Inu (SHIB) meme cryptocurrency. Several of these largest ETH whales actively bought LINK in January and at the start of February as well.

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Shiba Inu (SHIB) Price Rockets 25%, Outperforming Dogecoin (DOGE)

At the moment, LINK is down 64.80% from its historic peak of $52.88 reached on May 10, 2021.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.