Chainlink (LINK) price is down by 2% at the time of writing on Friday, inching closer to its 50-day Exponential Moving Average (EMA) at $22.15.
BNB, previously known as Binance coin, holds a steady uptrend above $1,100 at the time of writing on Friday, entering the price discovery mode. The rally is on the back of Binance’s record-high holdings and the BNB Chain, previously known as Binance Smart Chain (BSC), network growth.
Decentralized Finance (DeFi) tokens, such as Ether.fi (ETHFI) and PancakeSwap (CAKE) are leading the broader cryptocurrency market rally at the time of writing on Friday, with the meme coin SPX6900 (SPX) following suit.