Recently, Chainlink (LINK) has shown impressive growth, exceeding 34% over the last week, allowing it to displace Dogecoin (DOGE) from the list of the top 10 cryptocurrencies by market capitalization. This growth of Chainlink has been an exception among cryptocurrency sectors, where minimal movement has been observed lately. LINK reached an important milestone, surpassing the $18 level during the latest rally, and continued to grow by 8%, reaching $19.5 for the first time since early 2022.

If the growth of Chainlink continues, the cryptocurrency may retest the $20 level, which could be a source of significant resistance. Over the past thirty days, LINK has grown by more than 38%, significantly outperforming the broader sector. As a result of this strong growth, Chainlink has changed its position within the broader sector, displacing Dogecoin from the list of the top 10 cryptocurrencies by market capitalization.

Dogecoin, which previously held this position, has now dropped to 11th place. Although Chainlink has now surpassed Dogecoin in market capitalization, the gap between the two assets remains small, meaning they may continue to flip each other in the coming days. The situation for Chainlink may be favorable, especially considering that DOGE's yield last week was negative. If the situation with Dogecoin does not change quickly, its exit from the top 10 list may persist, provided that Chainlink does not fall in the near future.