The altcoin market has started the weekend with <a href="https://www.cryptoknowmics.com/news/altcoin-dominance-surges-as-ada-luna-sol-and-others-rise-while-bitcoin-in-consolidation/">amazing gains</a>, with Chainlink (LINK) regaining its bullish momentum and Bitcoin Gold (BTG) making a double-digit win.
<h2><strong>Chainlink Regains Its Bullish Momentum</strong></h2>
The price of the Chainlink (LINK) token continues to rise, striving to push its recent two-month high of $30.40. At the time of writing, the token is trading around $28.88, according to data from <a href="https://www.coingecko.com/en/coins/chainlink" target="_blank" rel="nofollow noopener">CoinGecko</a>.

The price jump comes in direct correlation with the rise in its network activity to its recent three-month high. A day before that, Chainlink price feeds went live on the Fantom Opera mainnet, a scalable platform for hosting DeFi apps and enterprise software. All this collectively contributed to its price rise.

At the beginning of the year, Chainlink’s price was at sky-high, amid announcements of multiple new <a href="https://www.cryptoknowmics.com/news/oracle-provider-chainlink-onboards-partners-at-an-average-rate-of-1-4-during-2021/">partnerships</a>. The token’s last all-time high was reached on May 10 at $52.88.

Over the past week, the trading volume of LINK has increased by a whopping 71.0%, while the overall circulating supply has increased 0.25% to over 447.51 million. This makes an estimated 44.75% of its max supply, which is 1 billion. The current market cap for LINK stands at 13th, at 12.62 billion.
<h2><strong>Bitcoin Gold Making Double-Digit Gains</strong></h2>
The price of Bitcoin Gold (<a href="https://www.coingecko.com/en/coins/bitcoin-gold" target="_blank" rel="nofollow noopener">BTG</a>) seems to have paid well for investors this year, with a <a href="https://www.cryptoknowmics.com/news/btg-technical-analysis-price-may-breakout-of-the-fibonacci-resistance-level-of-53-4829/">gain</a> of more than 600% since January. At the time of writing, the cryptocurrency is trading at $75.19 after a 15.4% gain in the past 24 hours.

If the bullish momentum continues, BTG could soon reach the resistance of $78 to create a new monthly high. If it slumps, the altcoin could see the lower support level of $74, which could also be retested if investors want another rally.

Bitcoin Gold is a hard fork of the original Bitcoin network that was created to improve efficiency in the mining process. The other major Bitcoin forks are Bitcoin Cash and Litecoin.

Chainlink and Bitcoin Gold Are Rallying Amid Strong Buyer Demand

The altcoin market has started the weekend with amazing gains with Chainlink (LINK) regaining its momentum and Bitcoin Gold (BTG) making double-digit gains.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Chainlink and Bitcoin Gold Are Rallying Amid Strong Buyer Demand

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