As recent bull market sentiment begins to show its cracks and Bitcoin takes a tumble, layer-1 altcoins appear among the most resilient, with Avalanche, Polkadot, and Fantom as standouts. The post Layer 1 Altcoins Immune to Bitcoin Dip: AVAX, DOT and FTM Price Surge Despite Red Market appeared first on Cryptonews.
Chainlink grabbed headlines with a 10% rally last week, which pushed its monthly gains to 53%. This stellar performance by LINK has resulted in a bullish outlook for the Oracle token.
Bitcoin (BTC) has registered a sharp decline as its march to $100,000 faced a significant setback as the price slipped below $95,000. BTC is down almost 4% over the past 24 hours and trading at $94,351, with sellers in control.
Chainlink's LINK token has reached $18.4 after a 10% gain, approaching a key resistance level at $22 where 100,220 addresses hold 57.2 million tokens.
An analyst has explained how the path to a new Chainlink all-time high (ATH) could open up if LINK can break past this resistance block. Chainlink Could Find Major Resistance At The $20 Level In a new post on X, analyst Ali Martinez has discussed how the resistance barriers for LINK are currently looking in terms of the on-chain cost basis distribution.
Brian Q, an expert at on-chain analytics firm Santiment, shared his insights into controversies in retail sentiment in the past seven days. It looks like Bitcoin (BTC) might be disappointing for the crowd, while some old-school altcoins are in the spotlight again.
Bitcoin (BTC) stalled after coming within touching distance of $100,000 as the cryptocurrency reached a peak of $99,655 before declining to its current level. BTC is marginally down over the past 24 hours but registered a substantial decline over the weekend and dipped to a low of $95,816 late on Sunday before recovering.
Story Highlights The Chainlink price is up 71.8% this month. Technical indicator EMA 50/200-day registers a Golden Cross, indicating a higher price mark. Sustained bullish sentiment to push price beyond $25 this year. Despite the Bitcoin price struggling to achieve the milestone of $100,000, the altcoin market has recorded a strong bullish recovery.
Polkadot has jumped by 5% in the past 24 hours, with the coin's bullish pennant suggesting that a big break out is about to arrive. The post Polkadot Chart Forming Bullish Flag Pattern, Analysts Predict DOT Will Pump After Reaching the $9.35 Mark appeared first on Cryptonews.
Chainlink achieves $17.3 trillion in total transaction value while its LINK token tests $18 resistance amid growing network adoption and positive technical indicators.
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Chainlink (LINK), known for its pivotal role in blockchain infrastructure, has recently hit an extraordinary milestone of $17.3 trillion in cumulative on-chain transaction value. This significant achievement underscores the platform's growing adoption and influence within the cryptocurrency sector.
LINK nears $18 resistance with strong momentum, supported by growing adoption.
KSM pulls off a mighty 119% single-day rally, following a surge in liquidity within the Polkadot and Kusama ecosystems.
Polkadot (DOT) has witnessed an exceptional surge recently, gaining over 100% in the last month with a weekly gain of 55%, which brought the price up to above $8. A breakout in the early hours of the day saw DOT test the $10 resistance level.
Polkadot (DOT) surges 122% in 30 days, reclaiming $8. Can it break $10? Explore DOT's key levels, RSI signals, and technical outlook for the coming days. The post Polkadot Is Red Hot As DOT Blasts Past $9, Up 122% in 30 Days appeared first on Cryptonews.
Polkadot price rose for three consecutive weeks, reaching its highest level since March 4. It has risen to above $8, up by over 138% from its lowest point this year. Similarly, Kusama (KSM) token rose to $45, a significant increase from the year-to-date low of $16.43.
Chainlink (LINK) is experiencing significant growth in the cryptocurrency sector, with a 20% increase in value in just one week and a potential change in its long-term trajectory. Related Reading: XRP Gains Momentum: Whale Activity Points To $15 Breakthrough For months, the cryptocurrency has been on a downward trajectory; however, it is currently exhibiting significant signs of recovery.
Polkadot (DOT) has seen an extraordinary rally, surging over 100% in the past month. The cryptocurrency has broken out of a prolonged downtrend channel, marking a reversal in its price trajectory.
Story Highlights The DOT price has reclaimed the $8 mark with an intraday jump of ~29%. Technical indicator RSI breaches the overbought range in the daily time frame. Sustained bullish action could push the price toward its $10 level.
Polkadot surges 21.94% as it breaks key levels, targeting further gains.
Chainlink price is experiencing a surge in bullish momentum, supported by the formation of an ascending triangle pattern. This technical structure signals potential price gains as LINK breaks through key resistance levels.
Chainlink price has formed a rare bullish pattern, pointing to more gains in the coming weeks. LINK token jumped to $17 on Saturday, its third consecutive day of gains as the crypto fear and greed index remained in the extreme greed zone. It has jumped by 108% from its lowest level this year.
Analyst and trader Ali Martinez is leaning bullish on one large-cap crypto asset while offering his insight on Bitcoin (BTC) and two altcoins.
Polkadot (DOT) has entered a consolidation phase, trading below the $6 mark after a strong 30% rally since last Friday. This period of sideways movement has brought some volatility, but market conditions suggest DOT might be gearing up for its next major move.
Bitcoin (BTC/USDT) is once again flirting with the $100K level, but this time, it's not alone in the spotlight. Ethereum has finally woken up, signaling the long-awaited start of altcoin season.
Polkadot (DOT) registered a substantial decline this week after failing to push above $6, thanks to substantial resistance.
Chainlink (LINK) trades at $14.60 after recent uptrends saw it escaping a prolonged consolidation range. Meanwhile, the altcoin encountered resistance after hitting the $15.27 daily high. LINK rebounded to its press time levels after hitting a 24-hour low at $13.91, and a historical setup suggests a potential surge to $35 – a 139.
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Metrics reveal strong bullish momentum, with traders eyeing key resistance levels for DOT's next move.
Chainlink price is currently facing resistance after breaking out of an extended consolation zone. LINK price is down 2.1% in the last 24 hours and is trading at $14.71.
Chainlink, a blockchain service provider, is advancing Brazil's plans for a central bank digital currency (CBDC) by collaborating on the DREX pilot project alongside major players like Microsoft Brazil, Banco Inter, and 7COMm.
Experts believe the partnership sets a powerful precedent, showcasing the potential of decentralized tools in centralized financial systems.
Chainlink Labs, a blockchain oracle service provider, has joined forces with Microsoft Brazil and other industry players to work on the second phase of Brazil's central bank digital currency (CBDC) initiative, DREX.
Brazil's Central Bank has initiated phase two of its DREX digital currency pilot program, partnering with Microsoft, Chainlink, and other tech firms to test automated cross-border payments
The Central Bank of Brazil is partnering with Chainlink, Microsoft, and others to develop DREX, a new CBDC. DREX will specialize in cross-border trade rather than everyday use, incorporating artificial intelligence (AI) oracle technology.
The Central Bank of Brazil (BCB) is advancing its central bank digital currency (CBDC) framework initiative by collaborating with Banco Inter, Microsoft Brazil, 7COMm, and Chainlink, according to a Nov. 19 statement. The partnership aims to support trade finance solutions in the second phase of Brazil's DREX pilot program.
The Central Bank of Brazil (BCB) has selected decentralized oracles provider, Chainlink, as one of the partners for its digital currency pilot, DREX. According to the announcement, the apex bank also selected Banco Inter, Microsoft Brazil, and 7COMm.
Chainlink's breakout from a descending channel ignites hopes for a surge to $23.
Blockchain oracle service provider Chainlink (LINK) is working on a pilot project for Brazil's proposed central bank digital currency (CBDC) called DREX with Microsoft and other firms in the country.
Phase two of Brazil's Drex CBDC pilot launches.
Polkadot (DOT) has registered a substantial decline this week, giving up a large chunk of its recent gains and slipping back below $5 on Thursday.
World Liberty Financial (WLF) aims to achieve its aim of launching the next wave of broad defi adoption through the security and dependability of Chainlink.
DOT's price is at a critical position right now.
World Liberty Financial, a decentralized finance platform backed by President-elect Donald Trump, has partnered with Chainlink to integrate real-time data feeds.
Donald Trump backed the decentralized finance (DeFi) project, World Liberty Financial (WLFI) said it would integrate Oracle Chainlink for on-chain data and cross-chain interoperability. In an official announcement, the protocol said that tapping Chainlink technology will allow its project to better integrate with the crypto ecosystem.
World Liberty Financial collaborates with Chainlink to secure its DeFi ecosystem with robust data feeds, cross-chain compatibility, and governance tools. This partnership underlines WLFI's focus on enhancing DeFi's reliability and utility. The post Trump's World Liberty Financial Adopts Chainlink for DeFi Expansion appeared first on Cryptonews.
The WLFI protocol will first integrate with Chainlink price feeds on the Ethereum mainnet to enable the launch of its World Liberty Financial Aave V3 instance soon.