Chainlink (LINK) has experienced significant price gains in the past two months, doubling in value. Analysts predict further gains as the token finds strong support at $13.16. The launch of a new staking program has also generated interest, with 9.5 million LINK tokens already staked.
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Generated 9,834 in Finance and 40,826 in Crypto last weekChainlink’s Age Consumed Metric Surges, Indicating Potential Rally Ahead
The Chainlink Age Consumed metric has recently spiked, indicating that long-term holders of Chainlink tokens have started making transactions. This spike coincided with a surge in whale transactions and the launch of Chainlink staking v0.2 on the Ethereum blockchain. The price of Chainlink has already recovered from recent lows and is currently trading around $14.7.
read moreChainlink’s Age Consumed Metric Surges, Indicating Potential Rally Ahead
The Chainlink Age Consumed metric has recently spiked, indicating that long-term holders of Chainlink tokens have started making transactions. This spike coincided with a surge in whale transactions and the launch of Chainlink staking v0.2 on the Ethereum blockchain. The price of Chainlink has already recovered from recent lows and is currently trading around $14.7.
read moreChainlink’s Future: From Zero to $1,000 – A Tale of Possibilities
Chainlink (LINK) is facing two opposing scenarios in the volatile crypto market: a potential collapse to zero due to loss of faith, network failures, regulatory action, market saturation, macro-economic events, or tokenomics breakdown; or a surge to $1,000 driven by widespread adoption, innovative upgrades, strategic partnerships, tokenomics changes, macro-economic conditions, market sentiment, and the network effect. While the future is uncertain, these possibilities highlight the potential risks and rewards associated with LINK.
read moreCoinbase’s BTC Trading Premium Indicates Bullish US Market Trend
The price of Bitcoin on Coinbase is currently higher than on Binance, indicating a bullish market in the US. However, the Asian market has experienced a shift to negative sentiment, with the price of Bitcoin on Binance lower than on Coinbase. Additionally, there has been a significant increase in trading volume on Coinbase International, which could contribute to the premium on Coinbase.
read moreBitcoin Futures Open Interest on CME Reaches Record High, Indicating Growing Institutional Interest
Bitcoin futures open interest on CME, a regulated derivatives exchange, reached a record high of 118,540 BTC, indicating growing institutional interest in Bitcoin. Despite a slight decrease, CME remains the largest exchange for Bitcoin futures, surpassing Binance. The rise in open interest suggests that institutional investors view Bitcoin as a legitimate asset class, with the potential for further price gains.
read moreUniswap Poised for Major Breakout as Tether Dominance Declines and Bitcoin Bulls Continue
Uniswap’s native token, UNI, is poised for a breakout into a significant uptrend as it approaches a key resistance level. The decline in Tether’s dominance suggests investors are shifting towards riskier assets like Bitcoin and altcoins. Additionally, Bitcoin is currently about one-third of the way through its bull market cycle, with the next halving expected in April 2024.
read moreBitcoin ETF Approvals in the US Likely to be Delayed, Clearing Path for Simultaneous Approvals
The Securities and Exchange Commission (SEC) has delayed the decision on the applications for spot Bitcoin exchange-traded funds (ETFs) by Franklin Templeton and Hashdex, creating a potential opportunity for simultaneous approvals of ETFs. Analysts predict a high likelihood of spot Bitcoin ETF approvals by January 10, 2024, with some suggesting a March 2024 approval due to the extended comment period. Franklin Templeton recently submitted an updated Form S-1 for its ETF, raising questions about fairness in the approval process.
read moreEthereum (ETH) Expected to Soar to New Heights, Analyst Predicts
Ethereum’s native cryptocurrency, Ether (ETH), has shown strong performance, currently trading around $2,000, with predictions of reaching its all-time high of over $4,800. Analyst FieryTrading forecasts ETH to reach nearly $5,000 by early 2025, citing a long-term bullish pattern. The same analyst predicts a significant rise for Cardano’s ADA, expecting it to exceed $35 by 2025 based on bullish market patterns.
read moreSEC Delays Decision on Spot Bitcoin ETFs, Setting Stage for Potential Approvals in January
The United States Securities and Exchange Commission (SEC) has delayed its decision on the proposed spot Bitcoin exchange-traded fund (ETF) applications by Franklin Templeton and Hashdex, extending the timeline for the last two of 12 applicants. The SEC is seeking public input on these proposals and there is speculation that the early decision on Franklin Templeton’s application may set the stage for a wave of approvals in early January. The SEC aims to align the approval of all 12 spot Bitcoin ETF applicants for a uniform launch date.
read moreBitfinex’s Tokenized Bond Falls Short of Investment Expectations
Bitfinex’s tokenized bond, the ALT2611 Tokenized Bond, has failed to attract the expected investment and interest, with only $1.5 million raised out of a $10 million target. The bond, issued on the Liquid Network, aimed to establish USDT as the underlying denomination asset of a new financial system. However, it seems that the bond has not gained traction in the market, with only 15% of the target reached so far.
read moreEthereum Price Shows Positive Signs, Eyes Further Increase
Ethereum price has recovered from the $1,985 zone and is showing positive signs of further rise if it clears the $2,075 resistance. The price is currently trading above $2,040 and the 100-hourly Simple Moving Average, with the next key resistance levels at $2,100 and $2,130. However, if the price fails to clear the $2,075 resistance, it could start a fresh decline with initial support at $2,045 and the 100-hourly Simple Moving Average.
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