the summer end and continue till the end, the hunting is on for the best altcoin options. However, there are thousands of cryptocurrencies in the market, each with a different use case and performance history, making it even more challenging to choose the best.Nevertheless, a few evergreen altcoins with a history of profits should not be missed for the season as well. In this blog, let us discuss the top 4 must-buy altcoins before the Altcoin season starts.

1.Solana (SOL)
These days, Solana is the most popular blockchain network due to the success of Solana meme coins. The Solana network’s native token, SOL, is a popular altcoin, currently trading at $145.97 after a slight pump from yesterday. The demand for the token is understood by the 109% surge in its last 24-hour trading volume, pushing the value to $2,077,586,755.

Moreover, Solana is ranked 5th among the top 10 cryptocurrencies on CoinmarketCap, with its market capitalization of $65,459,493,601. Investing in Solana will be the right approach to welcome the altcoin season.

2.Polygon
Polygon is a layer2 solution, considered as the best alternative for the Ethereum network. It has gained huge popularity over the years, and its native token, MATIC, is among the top 20 best cryptocurrencies for its market cap of $6,624,997,147.
MATIC is currently trading at $6,625,428,706 with a trading volume of $221,318,234 after a 104.57% surge. Though MATIC’s value is down right now, the history of this altcoin reveals the possibility of seeing big profits at the right time.

3.Toncoin
Toncoin gained massive popularity with its current collaboration with the social media platform Telegram. Telegram has a long history with Toncoin and does influence the value of Toncoin. Moreover, TON has a history of profits, as the token has created an ATH of $7.65, which is just 5% away from its current value.

At the time of writing, TON is trading at $7.26 and is ranked 8th for its market cap of $25,230,439,674. Its trading volume has surged by 202%, pushing the value to $772,630,158. If the trend continues, TON will set a new ATH in the next few hours only.

4.Chainlink
Chainlink has continuously worked on adding new functionality and Smart Contract features in the market. Just recently, Chainlink has integrated six new services for various blockchains, including projects from DeFI, Fitech hubs, and web3 games. These continued efforts increased this altcoin’s worth in the crypto market, making it the perfect option for the altcoin season.
Moreover, Chainlink’s native token, LINK, is ranked 16th for its market cap of $7,928,632,368. At the time of writing, LINK is trading at $13.53 and has witnessed a 52% surge in its trading volume.
As per the crypto analysts Mikybull Crypto, altcoins are in a disbelief stage, usually leading to huge rallies in the past. Much such analysis directly indicates the possibility of witnessing an altcoin season soon.
#sol #MaticUSDC #chainlink #ToncoinSurge

According to a new announcement, Chainlink Functions is now live on the Avalanche Fuji testnet. Chainlink Functions, a serverless developer platform that enables anyone to quickly connect a smart contract to any Web2 API, allows Web3 and Web2 integrations.

Developers of smart contracts using the Avalanche ecosystem may now quickly integrate Web2 APIs and cloud services into their smart contracts by using Chainlink Functions. This implies that any Web2 API can now be brought onto Avalanche, thanks to Chainlink Functions.

#Chainlink Functions is now live on Avalanche Fuji testnet!@Avax developers can now securely connect the world's APIs to their smart contracts in minutes. See how Functions unlocks a new wave of smart contract development on Avalanche ⬇️ https://t.co/LZr5V5HiFt

— Chainlink (@chainlink) May 5, 2023

Prior to today, Web3 developers were unable to use their smart contracts to access social media signals, AI computation, messaging services and other services by connecting them to current Web2 APIs.

For the Avalanche ecosystem, the inclusion of Chainlink Functions opens up a wide range of new smart contract use cases since it makes it simpler for developers to connect Web3 apps with Web2 data sources.

Alibaba Cloud set to enter metaverse on Avalanche

In further big news for Avalanche, the cloud subsidiary of Chinese tech giant Alibaba is creating a launchpad for enterprises to deploy metaverses on the Avalanche blockchain.

Today, @alibaba_cloud announced that they are entering the metaverse--on Avalanche! With Cloudverse, Alibaba Cloud's millions of clients can easily deploy custom metaverses and unlock new dimensions for consumers.#Avalanche will provide all blockchain elements for Cloudverse👇 pic.twitter.com/AlibhHjidN

— Avalanche 🔺 (@avax) May 4, 2023

The launchpad, known as Cloudverse, is designed to offer businesses a complete platform to maintain and modify their metaverse spaces as they look for new ways to interact with their clients.

"With Cloudverse, Alibaba Cloud's millions of clients can easily deploy custom metaverses and unlock new dimensions for consumers," Avalanche stated in a tweet.

Per the collaboration, Alibaba Cloud will supply the computing power and storage, and Avalanche will supply the technology for creating the metaverse locations.

#avalanche #chainlink #crypto2023 #crypto #Binance

Chainlink price is trapped between the 200- and 50-day EMAs as horizontal trading continues.

LINK could breach the $7.37 resistance level before a northbound move toward the critical resistance at $7.65.

A daily candlestick close below the 100-day EMA at $7.00 could invalidate the bullish thesis.

Chainlink price (LINK) has been trapped under a critical resistance level for a while, causing the altcoin to trade horizontally as it enjoyed strong downward support. The struggle came amid the indecisive price action from Bitcoin (BTC), which kept several other altcoins in limbo despite the alt season.

Chainlink price eyes 5% gains to escape key barrier

At the time of writing, Chainlink price is at $7.40, after losing 0.77% in the last 24 hours. However, trading activity over the same timeframe is up almost 35% as bulls and bears each push for lead to escape the formidable supplier congestion zone.

Chainlink price is attempting to consolidate above the 200-day Exponential Moving Average (EMA) at $7.37. On the other hand, the 50-day EMA at $7.08, bolstered by the 100-day EMA at $7.00, keeps LINK afloat. Accordingly, downward support is stronger compared to overhead pressure.

If buyer momentum increases, Chainlink price could decisively break above the 200-day EMA and confront the critical resistance level at $7.65. Further north, LINK could break into the $8.00 range by shattering the $8.01 resistance level. In highly bullish cases, the altcoin could extend a neck up to tag the $8.34 resistance level, denoting a 16% ascent from the current price.

Breaking above the aforementioned level could allow Chainlink price to try reclaiming its lost glory before the FTX implosion solidified LINK’s market value below the critical resistance.

On-chain metric supports the bullish case for Chainlink price

Data from IntoTheBlock’s Global In/Out of the Money Around Price (GIOMAP) supports the bullish thesis for Chainlink price. This on-chain metric classifies addresses based on if they are profiting (in the money), breaking even (at the money), or losing money (out of the money) on their positions at the current price.

Based on the chart, Chainlink price sat on relatively robust support. For instance, part of the demand zone described above lies within the $6.34 and $7.00 price range, where approximately 405.71 million LINK were previously bought by roughly 68,540 addresses at an average price of $6.73.

Any attempt to push Chainlink price below the said level would be met by buying pressure from these investors who may want to increase their profits. The resultant demand surge would cause LINK to rise even higher in market value.

On the other hand, if seller momentum increases, Chainlink price could descend and lose the support offered by the 50-day EMA at $7.08. A drop below this supplier congestion level could fuel overhead pressure and increase the chances of LINK breaking below the 100-day EMA at $7.00. A daily candlestick close below this level would invalidate the bullish thesis.

With mounting overhead pressure due to the three EMAs, Chainlink price could suffer a free fall that could see LINK revisit the mid-March lows around the $6.53 support level. In highly extreme cases, the altcoin’s market value could fall through the $5.93 swing low before the possibility of a bounce. Such a drop would constitute a 20% descent from the current level. 

#Binance #chainlink #crypto2023 #BTC #BNB

In a stunning turn of events, Chainlink (LINK) recently witnessed three massive whale transactions that took place within 11 minutes during Friday’s final hours. Leading on-chain analytics platform, Santiment reported the whale transactions involving a whopping 11.6 million tokens, amounting to approximately $79.7 million in value, being moved to whale wallets.

The cryptocurrency community has been abuzz with the news, speculating what could be brewing with Chainlink. For the uninitiated, Chainlink is a decentralized oracle network that connects smart contracts to real-world data and events. The platform has been gaining significant traction among DeFi projects, with many relying on its services to access off-chain data securely.

The whale transactions could signify growing institutional interest in Chainlink, potentially driving its value in the coming weeks. Such large-scale transactions are generally viewed as bullish signals, suggesting that significant investors are accumulating assets in anticipation of a value boost.

Massive LINK Transactions by Whales Triggers Price Surge and Crash

Chainlink (LINK) has been one of the most high-performing cryptocurrencies, with its value surging by over 1,000% in 2020 alone. This impressive performance can be attributed to its unique value proposition and growing adoption among DeFi projects. But, despite its revolutionary potential, LINK has been marred by whale manipulations.

One such incident occurred in July 2020, where a ginormous whale with a wallet containing over 700,000 LINK tokens shook the market by moving funds to various exchanges. This whale-induced frenzy caused LINK to surge to over $8.5 per token, resulting in a 50% price jump in just a few hours. Alas, the whale then offloaded their LINK tokens, causing a price crash that erased most of the gains made during the surge.

The market manipulation was possible due to LINK’s relatively low liquidity, which allowed massive buy or sell orders to substantially impact the price. This incident highlights the pressing need for greater liquidity in the LINK market to thwart such manipulations in the future.

It’s worth noting that such manipulations aren’t an exception in the cryptocurrency market. Regulatory bodies have been established to prevent and prosecute such activities in conventional finance, and it’s only a matter of time before the cryptocurrency market catches up. While it’s yet to be seen whether the LINK transactions were bullish or manipulative in nature, they could as well signify growing institutional interest in Chainlink, potentially driving up its value in the near future. As always, investors are advised to conduct their own research and make informed decisions before investing in any cryptocurrency.

#chainlink #buildtogether #Altcoin #Binance #koinmilyoner

A widely followed crypto analyst is expecting the current stress test on the digital assets market will be better for crypto in the long run.

Crypto analyst Michaël van de Poppe tells his 651,000 Twitter followers that the crypto markets are breaking and will likely drop before the quarter’s end (QE).

“The markets are breaking, which means that the entire saga around a pivot or pause of the FED policy is going to be taken a fast U-turn.

Two-year yields have been falling from 5% to 4.75% already as an anticipation.

In the meantime; assets will probably drop before QE.”

Despite his prediction, the trader says there is a major silver lining to crypto’s current shakeup.

“Ultimately, crypto and Bitcoin are enduring a stress test with all the negative news kicking in. 

However, from here, crypto will only be adopted even more as people will start to hate governments and banks. 

It’s inevitable.”

Looking at king crypto Bitcoin (BTC) specifically, the trader names a few price points that he’d be interested in trading BTC at.

“Levels I’d be looking at with Bitcoin:

– Potential shorts around $20,600 and/or $21,400.

– Potential longs at $18,100-18,600 including bull. divs and/or HL confirmation.”

Bitcoin is trading for $19,964 at time of writing.

Van de Poppe also analyzes the Ethereum (ETH)-based blockchain oracle Chainlink (LINK). Based on the trader’s chart, he expects LINK to fall a bit more before rebounding.

“Any long I’d like to play at this point for Chainlink has to do with bullish divergences on 4h timeframe before activated.

Constant bearish retests and, my long as well, stops being hit on long side.

Range low seems relatively normal including bull divs.”

#bitcoin #chainlink #koinmilyoner #buildtogether #crypto2023

The cryptocurrency market has experienced a notable increase in buying pressure, largely influenced by macroeconomic events like the recent US debt ceiling deal. This recovery has prompted several crypto coins to regain lost ground and embark on a path towards growth. Today, we will examine the leading cryptocurrencies exhibiting a bullish pattern, suggesting significant potential for substantial growth during the anticipated recovery rally in June.

DOGECOIN(DOGE)

During a phase of market volatility, Dogecoin's price has been displaying a sideways movement, oscillating between the levels of $0.075 and $0.069. Noteworthy is the fact that on May 25th, the price of Dogecoin experienced a bounce-back from the support zone around $0.069.

As the double bottom pattern develops, there is a strong likelihood of an upward surge in the bullish momentum, pushing the price even higher towards the immediate resistance level of $0.0755. This resistance acts as both the neckline resistance of the chart pattern and the upper boundary of an ongoing consolidation phase.

SOLANA(SOL)

Over the past five weeks, the Solana price has been confined within a wedge pattern, with two converging trend lines dictating its movement. The gradual narrowing of these trend lines suggests a decline in selling pressure and a potential shift towards buyers regaining control.

On May 27th, Solana experienced a significant breakout above the resistance trendline of the pattern, signalling a shift in market sentiment towards the positive. Currently, the SOL price is trading at $20.70, representing a minor intraday loss of 1.00%.

If the price manages to sustain above the breached trendline, it opens up the possibility for buyers to propel the price towards potential targets of $24 or $27.

CHAINLINK(LINK)

During the recent period of volatility in the cryptocurrency market, the Chainlink price found reliable support at $6.10, forming a strong base. This support level has facilitated the formation of a double bottom pattern on the daily time frame chart.

The double bottom pattern typically generates bullish momentum and often triggers a significant rally when the price breaks above its resistance neckline. Currently, Chainlink is trading at $6.50, but based on the influence of this pattern, it is expected to reach the overhead resistance at $6.70.

If buyers successfully manage to convert this resistance into support, it could propel the altcoin's price to rise by another 10% and reach the $7.50 level. Further targets include $8.60 and $9.50.

#coingabbar #dogecoin #solana #sol #chainlink