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🔥 Chainlink (LINK) Defies Market Trend With 14% Jump in Key Metric Chainlink (LINK), the dominant Ethereum-based oracle protocol, is standing its ground against market bears at a time when the broader digital currency ecosystem is seeing a negative reversal. At the time of writing, CoinMarketCap data shows LINK is up by 3.18% in 23 hours to $18.54, a figure that compares to the 0.62% drop in the combined market cap. While its daily growth rate is impressive compared to that of Bitcoin (BTC) and other top altcoins, Chainlink’s 14.74% surge in volume places it on the right path for more potential surges. A total of $445,393,986 in LINK has been shuffled in between exchanges lately, placing the token as the 21st most traded in the market. The optimism surrounding Chainlink in the retail market suggests the sentiment to buy is impacted. If it is sustained, the decoupling from the bearish Bitcoin twist might help it extend its daily bullish candle. The LINK/USD 4H chart as seen on TradingView reveals that the token is trading above its 50, 100 and 200 moving averages, a bullish showcase. Over the past month, market data reveals Chainlink has printed 36.46% growth. Many trends have contributed to this major uptick in Chainlink, and beyond regular whale shifts, this primarily hinges on its value addition and the niche it occupies in the industry. As a dominant Oracle service provider, Chainlink powers the operational efficiencies of many decentralized applications (dApps). To further solidify its position in the industry, Chainlink has inked several partnerships with top protocols to power their interoperability reach. Chainlink also benefited from its staking engine upgrade as the protocol now offers a more enhanced avenue to bet on LINK while also democratizing engagements across the board. $LINK #LINK #Chainlink {spot}(LINKUSDT)

🔥 Chainlink (LINK) Defies Market Trend With 14% Jump in Key Metric


Chainlink (LINK), the dominant Ethereum-based oracle protocol, is standing its ground against market bears at a time when the broader digital currency ecosystem is seeing a negative reversal. At the time of writing, CoinMarketCap data shows LINK is up by 3.18% in 23 hours to $18.54, a figure that compares to the 0.62% drop in the combined market cap.

While its daily growth rate is impressive compared to that of Bitcoin (BTC) and other top altcoins, Chainlink’s 14.74% surge in volume places it on the right path for more potential surges. A total of $445,393,986 in LINK has been shuffled in between exchanges lately, placing the token as the 21st most traded in the market.

The optimism surrounding Chainlink in the retail market suggests the sentiment to buy is impacted. If it is sustained, the decoupling from the bearish Bitcoin twist might help it extend its daily bullish candle. The LINK/USD 4H chart as seen on TradingView reveals that the token is trading above its 50, 100 and 200 moving averages, a bullish showcase.

Over the past month, market data reveals Chainlink has printed 36.46% growth. Many trends have contributed to this major uptick in Chainlink, and beyond regular whale shifts, this primarily hinges on its value addition and the niche it occupies in the industry.

As a dominant Oracle service provider, Chainlink powers the operational efficiencies of many decentralized applications (dApps). To further solidify its position in the industry, Chainlink has inked several partnerships with top protocols to power their interoperability reach.

Chainlink also benefited from its staking engine upgrade as the protocol now offers a more enhanced avenue to bet on LINK while also democratizing engagements across the board.

$LINK #LINK #Chainlink

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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👀 Terra’s Future After $4.47B SEC Settlement The Terra network and its leader, Do Kwon, once reached the top of the crypto world but collapsed within days in May 2022, wiping out the savings of many everyday investors. In February 2023, the U.S. Securities and Exchange Commission (SEC) sued Kwon and his company, Terraform Labs, for selling unregistered securities and defrauding investors during Terra’s dramatic collapse. Recently, Kwon and Terraform settled their SEC civil fraud case, agreeing to pay $4.5 billion in penalties and disgorgement. The settlement, approved by District Court Judge Jed Rakoff of the Southern District of New York on June 13, requires Terraform Labs to cease operations immediately and seek approval for a Chapter 11 liquidation plan in its bankruptcy case. 🔸 Terraform Labs Winds Down Operations Amid Legal Defeat Terraform Labs’s current CEO, Chris Amani, asked the community on Wednesday to take over the reins of the Terra network as the company winds down. “[Terraform Labs] always intended to dissolve at some point, and that point is now,” Amani said on X (formerly known as Twitter). “We will be winding down operations completely.” The SEC scored a major victory against Kwon and Terraform Labs two months ago when a jury found the company and its founder had conducted securities fraud through misrepresentations regarding Terra’s success and UST/LUNA stability. Before this legal defeat, Terraform Labs and its community were well-positioned to advance the Terra ecosystem, according to Amani. However, after the significant court loss, the CEO indicated that the company “can no longer operate.” 🔸 Terraform Labs to Sell Key Projects and Transition to Community Control Terraform Labs CEO, Chris Amani, announced that the company will sell several key projects, including the portfolio manager Pulsar Finance, the Cosmos wallet Station, and the Enterprise Protocol, which is used for creating DAOs within the Cosmos ecosystem. $LUNC #LUNC #TERRA
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📊 2 cryptocurrencies to reach $5 billion market cap in the second half of the year 🔸 Aptos (APT) Aptos (APT) is on the verge of reaching the $5 billion market cap milestone due to its remarkable performance and expanding ecosystem. Recently, Aptos achieved a record daily transaction volume, outpacing networks like Solana (SOL) and Sui (SUI) with its impressive 32,000 transactions per second (TPS) capability. The surge in activity is largely attributed to the game “Tapos Cat,” which significantly boosted network usage. Despite the campaign’s end, Aptos’s integration with major partners like Microsoft (NASDAQ: MSFT), Google Cloud, and Universal Pictures demonstrates its growing influence. Additionally, Aptos has integrated Chainlink’s CCIP and Data Feeds to boost decentralized app development. Currently priced at $7.90 with a market cap of $3.56 billion, Aptos is well-positioned to surpass the $5 billion mark. 🔸 Render (RNDR) Render (RNDR) is another cryptocurrency poised to break the $5 billion market cap barrier. It offers innovative blockchain-based rendering services for content creators and developers. Render has seen a steady upward trajectory, with a 23% increase in the past month and a 5% rise in the last week. The success of Nvidia (NASDAQ: NVDA) in the AI sector has bolstered confidence in AI tokens like RNDR, leading to substantial gains Render continues to expand its ecosystem through strategic partnerships and integrations with major digital content platforms and decentralized applications (dApps). Currently valued at $8. 02, Render has a market cap of $3.12 billion and strong potential to surpass its previous all-time high. Despite recent bearish trends, Render’s unique position in digital content creation and ongoing technological advancements could propel it to new heights. The past week has witnessed significant downturns in the cryptocurrency market, with overall valuations sliding by 20% and Bitcoin (BTC) by 5%. $APT $RNDR #APT #RNDR
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⚠️ 6 Cryptocurrencies To Avoid Trading This Week As Token Unlocks Loom Token unlocks refers to a phenomenon that ensures the release of previously locked tokens into the market, ramping up the supply. This stages as a potentially bearish event, prompting traders to steer clear of trading certain cryptos. Arbitrum (#ARB ) Trading at $0.9227, down 2.99% over the past day, ARB remains at the top of the list, poised to witness token unlocks worth $86.23 million. Data from the Token Unlocks App shows that 96.13 million ARB, equivalent to 3.32% of the circulation supply, will be unlocked on June 16. This has caused speculations over a potential waning price trajectory for ARB ahead. Space ID (#ID ) Meanwhile, ID traded at $0.5654, down 4.15% over the past day. The crypto stands firm to experience a token unlock of 78.49 million ID, worth $44.37 million, equivalent to 18.23% of the circulating supply on June 22. This significant unlock could trigger a slumping price action for ID ahead. Pixels (#PIXEL ) The PIXEL crypto witnessed a 3.84% plunge to $0.3621 today, readying for a $19.65 million worth of token unlock. Notably, 54.38 million PIXEL, equal to 7.05% of the circulating supply, will be unlocked on June 19. ApeCoin ($APE ) APE traded at $1.05 today, down 2.78% from yesterday. The token prepares for an unlock of $16.35 million worth of coins, equivalent to 2.48% of the circulating supply. A total of 15.60 million APE will be unlocked on June 17, igniting investor concerns about the token’s future price movements. Manta Network ($MANTA ) MANTA traded at $1.27, correcting 8.49% over the past day. The token prepares for a $10.8 million worth of unlock on June 18. Data suggests that 7.87 million MANTA, worth 2.42% of the circulating supply, will be released in the market. Render ($RNDR ) RNDR experienced a 2.56% fall to $8.05 today. The token readies for a $6.12 million worth of unlock on June 16. 760.57K RNDR coins, equivalent to 0.20% of the circulating supply, will be unlocked on the abovementioned date.
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📣 3 cryptocurrencies to avoid this week amid $150 million in token unlocks Three cryptocurrencies will unlock over $150 million in tokens this week, which cryptocurrency traders should avoid having substantial exposure to. These unlocks have the potential to flood the market, leading to increased selling pressure and significant price fluctuations. 🔸 Arbitrum’s (#ARB ) $85M token unlock First, Arbitrum (ARB) has the week’s highest unlock in USD value, with an $85.37 million supply inflation. This amount will increase Arbitrum’s circulating supply by 3.2% on June 16, likely creating a selling pressure. The event will release 92.65 million ARB from vesting contracts reserved for the team and private investors. Essentially, the former will receive 56.13 million ARB, worth $51.72 million, while the latter will receive $33.65 million of 36.52 million tokens. Arbitrum unlocks a similar amount of tokens every month, resulting in a yearly inflation superior to 35%. In May, Finbold reported the same 92.65 million ARB unlock worth $92.44 million. Therefore, the $7.17 million month-over-month loss of its contracts evidences the economic effects of this event. 🔸 Avoid trading Space ID (#ID ) and Pixel (#PIXEL ) Finally, Space ID (ID) and Pixel (PIXEL) make for the second and third-largest cryptocurrency unlocks this week. Vesting contracts will release 78.49 million ID on June 22, worth $44.45 million. This will inflate Space ID’s supply by 18.2%, being the most substantial token unlock this week. Moreover, 54.37 million PIXEL will enter the market on June 19, inflating the project’s supply by 7% at a $19.66 million valuation. However, crypto traders will try to speculate on the economic effects these unlocks and sell-offs may have on price, which could bring increased volatility and worsen the potential risk-reward ratio. The market is uncertain and influenced by multiple factors, requiring proper risk management and learning when to avoid trading specific cryptocurrencies. $ARB $ID $PIXEL
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🔥 Analyst Predicts Significant Gains for #Polkadot Despite significant increases in Solana and AVAX this year, one altcoin has lagged behind. We are talking about Polkadot, of course. At the time of writing, the DOT price was at $6.20. Honestly, the cryptocurrency pulling back from the $11 levels has somewhat disappointed its investors. Now, an analyst has shared a chart today, clarifying the levels he expects for the cryptocurrency DOT. 🔸Analyst’s Comment on DOT Cryptocurrency analyst Michael van de Poppe shared a post on X today, giving hope to DOT investors.According to Poppe, DOT has reached a critical support area and accumulation zone. Highlighting what could happen to DOT in the coming days, Poppe believes that considering the numerous projects in the Polkadot ecosystem with the RWA narrative, this project will make significant progress in the coming years. 🔸Target of $17 for #DOT Looking at the chart, the first noticeable thing is a gap indicated by red colors. This area represents a place that can be reached immediately if the DOT price breaks $9.25. Of course, if the cryptocurrency DOT reaches a price tag of $17, it will mean an approximate 180% increase from the current price. Reaching that level will mean significant gains for investors. On the other hand, it should be noted that DOT is still far from its peak level. The peak level for DOT was $55. Considering that other cryptocurrencies have approached their peak prices, we see that there is still room to go for the cryptocurrency DOT. We have also had a week of new developments for Polkadot in the cryptocurrency world. In this context, the project announced that it had allocated a $20 million fund to developers in DeFi ecosystems. Additionally, Polkadot 2.0 is said to have a bright future as it is designed to increase the scalability, flexibility, and efficiency of the Polkadot network. Given that the DOT supply is 1,437,953,431 and all of them are in the market, it can be said that the cryptocurrency DOT can easily surpass its previous peak levels in a bull season. $DOT
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