Chainlink gains another 12%, eyes 2-month high

Following on from an impressive rally yesterday, Chainlink (LINK) is again witnessing serious growth, after climbing from $2.25 yesterday, up to $2.54 as of writing.

LINK is now just inches away from reaching a 2-month price high, with a further 1% price improvement needed to overtake the $2.58 price point seen back in mid-August. Should LINK achieve this, it could potentially see a new all-time high in 2019.

Taking into consideration its recent gains, Chainlink is now up more than 40% in the last month, and almost 350% in the past six months, making it far and away the best performing large market cap cryptocurrency.

Chainlink is currently among the market leaders in terms of short-term growth, gaining more than 12% in the last 24-hours while most other cryptocurrencies experienced only modest gains of between 1-3%.

Although Chainlink is certainly no stranger to extreme price movements, its latest gains come at a time when the rest of the market is only barely recovering.

Much of this recent price action appears to be related to news surrounding Chainlink's Trusted Compute Framework, which is designed to address blockchain scalability concerns, while ensuring that smart-contracts can be executed securely off-chain.