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Chainlink has remained bullish despite the bearish pressure in the broader crypto market. The crypto closed bullish at $7.4 yesterday, September 26, with over 7% increase.  LINK remains bullish, with an 11% seven-day price increase and over 2% gain in the last 24 hours. But while the token’s price continues to increase, data shows the trading volume has declined 17% in the last 24 hours. What could be the reason behind this contradiction? Chainlink Price Continues To Surge In an X post on September 24, Chainlink network announced it had recorded multiple integrations across six blockchains. These include Arbitrum, Ethereum, Optimism, Avalanche, Polygon, and BNB Chain. Also, yesterday, September 26, gaming platform BetSwirl announced that it integrated Chainlink’s CCIP across Ethereum, Polygon, Avalanche, and Arbitrum. According to the post, this CCIP integration will help “BetSwirl enable seamless, secure, and reliable cross-chain token transfers” Related Reading: XRP Price Analysis: 4-Month Chart Dynamics Decoded By Crypto Analyst This increased adoption across multiple chains expanded Chainlink’s user base, a plausible factor behind LINK’s resilience amid the prevailing bearish market. Although LINK briefly slipped off the $7.5 level to $7.3 yesterday, it has since recovered momentum. Given the ongoing movement, the crypto asset could break the $7.8 resistance and record higher highs soon. Meanwhile, Chainlink (LINK) is number 3 among the top weekly gainers after CRV and PEPE. It has also secured a position on the top daily gainers’ chart. Although the price strides are bullish, the trading volume, down 17%, raises concern about whether LINK can sustain the rally. It indicates reduced trading activity, a possible sign that buyers have reached saturation and paused to weigh their next move.  This setup bodes badly for LINK as it could signal the entrance of sellers, which will exert downward pressure on the token’s price. Price Surge Drops Chainlink (LINK) Supply On Crypto Exchanges According to Santiment’s report on September 24, Chainlink remains one of the best-performing cryptocurrencies in September. It outlined that, unlike most assets, LINK’s price often records an initial boost when holders move their tokens from exchanges. Santiment noted that the asset’s price increased 23% in two weeks as the exchange supply flowed back to cold wallets. Also, the analytics platform reported that LINK exchange supply increased by 17.2%, reaching a 2023 high on September 14. However, on September 24, 10 days later, the token’s exchange supply dropped to 16.4%. This observation is a plausible reason behind Chainlink’s declining trading volume.  Meanwhile, as of the time of writing, LINK trades at $7.64, with a 2.88% price increase in the last 24 hours. The token trades above the simple moving averages of $6.494 and $6.719 and two key support levels.  LINK is approaching the overbought area, forming a bullish candlestick as buyers vie to conquer the $7.823 resistance.
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SPONSORED POST* Binance’s lawsuit against the SEC took a dramatic turn after a judge refused the latter’s request for Binance company files. As expected, $BNB shot up after the ruling. Meanwhile, Litecoin ($LTC) is struggling to recover, and analysts blame its weak momentum on its recent halving event. However, Borroe.Finance ($ROE), a fundraising solution for Web 3.0 businesses, seems to offer the highest returns.  Can $ROE live up to high expectations? Let’s find out. >>BUY $ROE TOKENS NOW<< $BNB Climbs After Binance.US Victory The $BNB community has been enthralled by the ongoing lawsuit between Binance and the Securities and Exchange Commission (SEC). Binance was sued on June 5 for selling unregistered securities, among other breaches of federal regulations. On September 18, a federal judge denied the SEC’s request to access documents belonging to Binance.US.  The news created a lot of market excitement for $BNB, sending its price up. $BNB was trading at $206.03, its 12-month low on September 11. On September 18, $BNB jumped by 4.8% to $216.00 after SEC’s denied request. As Binance’s lawsuit continues, $BNB remains in a volatile position. The market’s reaction to the latest developments in the case reflects in $BNB’s behavior over the past few months. If Binance wins over the SEC, $BNB will rally far higher.  However, such victory will be very unlikely. Most analysts expect the SEC to win the lawsuit and Binance to negotiate a settlement. In such a case, $BNB could fall by 7.5% to $199.76. Borroe.Finance: Equipping Web 3.0 Businesses with Instant Loans Access to instant loans is a game changer in the business world. Many companies rely heavily on credit facilities that provide instant funding at low costs. Yet, such credit facilities are in short supply. Thankfully, Borroe.Finance ($ROE) has been designed to tackle the unique challenges that hamper access to fundraising opportunities. The platform is a Polygon-powered marketplace that uses the latest technology to provide a streamlined fundraising ecosystem. Borroe.Finance facilitates peer-to-peer borrowing, thus enabling users to receive funding from wide sources within the market. Like many top altcoins, Borroe.Finance takes a novel approach to solve the challenges that make its real-world utility. Several benefits come with using Borroe.Finance’s ($ROE) ecosystem. Aside from access to instant funding, companies also get rewards for participating in Borroe.Finance’s marketplace activities. Actions like borrowing and repaying loans come with rewards. Users also receive rewards for contributing to Borroe.Finance’s development by voting on proposals. Borroe.Finance ($ROE) has been received with wide appeal. Its public presale just entered Stage 2 and sold over half of its supply in a day. Its current price is $0.0150. Yet, it will soon rise by 33.3% to reach $0.0200 by Stage 3 of $ROE’s presale. Such market numbers show Borroe.Finance’s potential to become a top ICO project! >>BUY $ROE TOKENS NOW<< Post-Halving Litecoin ($LTC) Struggles to Break Past $70 Litecoin completed its block-halving event on August 2. Block rewards for mining Litecoin reduced from 12.5 $LTC to 6.25 $LTC. There have been speculations over the effects of the halving on Litecoin’s ($LTC) overall mining activity.  Unfortunately, after Litecoin’s ($LTC) halving event, the market crashed twice on August 17 and September 1. $LTC was trading at $87.49 on August 2 after Litecoin’s halving. It fell by 25.6% to $65.09 on August 17. By September 1, $LTC dropped further by 3.1%  to $63.01.  Analysts say the halving event has affected Litecoin’s ability to bounce back after subsequent market crashes. Furthermore, they predict Litecoin’s ability to recover will remain low for the remainder of the year. Such Litecoin volatility could push $LTC down by 11.3%  to $55.83. This would mean $LTC is not a good crypto to buy now. Learn more about Borroe.Finance ($ROE) here: Visit Borroe.Finance ($ROE) Presale | Join The Telegram Group | Follow Borroe on Twitter  *This article was paid for Cryptonomist did not write the article or test the platform.
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Polygon (MATIC) has been treading in the water for much of September, caught in a tight range that reflects the uncertainty gripping the cryptocurrency market. As the altcoin hovers around the $0.50 mark, traders are closely eyeing a significant technical indicator that could spell trouble for its price trajectory. The altcoin’s price, currently at $0.508295 according to CoinGecko, has shown signs of weakness, with a 2.4% decline in the past 24 hours and a 7.3% dip over the past week.  However, the real concern for MATIC investors lies in the potential reversal from the down-sloping trendline. This trendline, intact since February 2023, has kept MATIC in check for months. If breached, it could unleash a wave of selling pressure that might push the price below the critical $0.50 level. Polygon Faces Increasing Selling Pressure On The Horizon Traders are well aware that when an asset approaches a long-standing downtrend resistance line, it often faces increased selling pressure. Analysts suggest that a reversal from this trendline could lead to an 18% price decline, potentially dragging MATIC down to the next key support level at $0.42. It’s a make-or-break moment for the altcoin, and its fate hangs in the balance. For those who remain bullish on Polygon’s native coin, patience is key. A daily close above the resistance trendline would signal a significant shift in market sentiment. Such a breakthrough could provide the bulls with the momentum they need to initiate a recovery rally. If successful, MATIC may set its sights on initial resistance at $0.63, with an even more ambitious target of $0.69. Polygon 2.0: A Potential Game Changer Adding a layer of complexity to this price analysis is Polygon’s recent announcement of Polygon 2.0. This strategic overhaul envisions a fundamental shift in Polygon’s blockchain architecture and an expansion beyond Ethereum to include various other blockchains. Polygon aims to execute this transformation in the early fourth quarter, potentially paving the way for a surge in interest and demand for its native coin. As MATIC teeters on the edge of a crucial technical juncture, the cryptocurrency market remains a battleground of uncertainty. Traders and investors must exercise caution and closely monitor developments around the down-sloping trendline. The success or failure of MATIC to break free from this resistance could determine its price trajectory in the coming weeks. Moreover, the impending rollout of Polygon 2.0 adds an extra layer of anticipation to an already dynamic cryptocurrency landscape, promising potential surprises for MATIC holders and the wider crypto community. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Shutterstock
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SPONSORED POST* Shibarium will achieve a significant utility milestone in a few days, and Shiba Inu ($SHIB) has turned bullish. Yet, Borroe.Finance ($ROE) dominates the cryptocurrency space with massive profits, attracting more investors to its presale.  Can Shiba Inu rise to compete with Borroe.Finance in the long term? Let’s explore here. >>BUY $ROE TOKENS NOW<< Shibarium Eyes Big Utility Milestone, Shiba Inu ($SHIB) Bullish Shiba Inu’s ($SHIB) Layer-2 network, known as Shibarium, is poised to achieve a significant milestone in terms of its utility. This is primarily due to the continuous growth in total transactions. Notably, Shibarium is rapidly approaching the 3 million total transaction threshold, currently at over 2.8 million transactions. This Shiba Inu ($SHIB) Layer-2 platform needs about 200,000 additional transactions to reach the milestone. Judging by the trajectory of Shiba Inu’s ($SHIB) daily transactions, Shibarium could attain this milestone within days. Since its initial launch and subsequent relaunch in August 2023, Shibarium has consistently exceeded notable achievements.  Currently, Shibarium boasts an impressive tally of 2,866,236 total transactions, 1,246,500 wallet addresses, and 695,663 total blocks. Shibarium recently saw a significant drop in daily transactions, plummeting to 40,500 after previously averaging near 200,000. Currently, Shiba Inu’s ($SHIB) network’s utilization is low at 3.86%. After launch, Shibarium underwent substantial scaling, increasing its operations by over 1,500%. In a remarkable development, Shibarium, the core of Shiba Inu’s ($SHIB) ecosystem, experienced an extraordinary 633% increase in newly verified contracts on September 18. This surge has driven the total number of verified contracts on Shibarium to a historic high of 415, marking a significant milestone for the platform’s evolution. Currently, Shiba Inu ($SHIB) bulls seem to have the upper hand. Analysts say $SHIB will keep rising to end the year at $0.00000805, supported by development in Shibarium’s network. Hence, Shiba Inu ($SHIB) is a good crypto to buy today. Borroe.Finance ($ROE) Attracts More Investors as Its Price Surge The growing popularity and dependence on internet-based businesses in recent years have increased demand for easily accessible methods of raising working capital. This growth has benefited the expansion of many Web 3.0 businesses. One project uniquely positioned to fuel this growth and development is Borroe.Finance ($ROE). >>BUY $ROE TOKENS NOW<< This platform is designed to connect businesses with investors seeking to offer short-term capital in return for profits. Borroe.Finance ($ROE) is an ideal fit for individuals such as writers, designers, NFT creators, and other professionals in the Web 3.0 industry. It enables them to harness their forthcoming revenue through invoice-backed loans, including various types of income like management fees, royalties, commissions, and other invoiced earnings.  The platform empowers companies to leverage both expected and pending revenue. Additionally, Borroe.Finance ($ROE) enhances user experience by providing real-time invoice tracking. Borroe.Finance ($ROE) is poised for launch on the Ethereum sidechain Polygon, presenting numerous advantages. These advantages comprise invoice purchasing, selling, repayment incentives, a share-to-earn social media program, and discounted fees. Borroe.Finance ($ROE) strives to be among the top DeFi projects, focusing majorly on security. The platform has successfully undergone a security audit by BlockAudit, a prominent blockchain security firm. You can verify its certificate on the website, and access its transparent smart contracts. Borroe.Finance ($ROE) appears to be a great crypto to buy now, accounting for the rising number of investors joining the project. On that note, Borroe.Finance ($ROE) token costs $0.0150 in Stage 2 of its public presale. All focus is now on $ROE’s expected rise to $0.0400 at the end of its presale. When it surges $0.0400, Borroe.Finance ($ROE) would have increased by 220% from its Stage 1 price. Learn more about Borroe.Finance ($ROE) here: Visit Borroe.Finance Presale | Join The Telegram Group | Follow Borroe.Finance on Twitter *This article was paid for Cryptonomist did not write the article or test the platform.
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SPONSORED POST* VC Spectra (SPCT) is attracting unparalleled attention in the crypto space, selling almost 350 million tokens in its ongoing public offerings. Meanwhile, Litecoin (LTC) has set a new all-time high in the number of its wallet holders. Likewise, Cardano (ADA) is to challenge Ethereum (ETH) and Polygon (MATIC) with its new privacy solution.  So, the question remains: Can SPCT challenge the well-established rivals LTC and ADA? Let’s delve into experts’ forecasts and unveil the best crypto to invest in. >>BUY SPCT TOKENS NOW<< VC Spectra (SPCT) Price Set to Spike As Adoption Increases VC Spectra (SPCT) is a project designed to suit the investment needs of its community. As a startup project, VC Spectra (SPCT) is dedicated to generating substantial returns for investors. Aside from that, VC Spectra offers many benefits to SPCT investors. These advantages include eligibility to vote within the protocol, access to a buyback program, new ICOs, and quarterly payouts. In addition, the VC Spectra network gives users access to decentralized trading, asset management, and other investment options. Furthermore, VC Spectra has unlocked an incentive plan that gives new users a 50% bonus on all deposits. SPCT is VC Spectra’s native token that runs on the Bitcoin BRC-20 mainnet. It has a burn mechanism that keeps the token deflationary and ensures future circulation reduction. Essentially, SPCT is the governance currency of the VC Spectra platform.  SPCT has risen to $0.033 in Stage 3 of the VC Spectra public presale. It is expected that by the end of the presale, SPCT tokens will trade at $0.080, giving a 900% and 142.42% ROI to Stage 1 and Stage 3 investors, respectively. So, while Stage 1 investors have reaped huge profits of 312.5%, it’s not too late to get on board!  With VC Spectra’s (SPCT) innovative offerings and potential, investors have rightly labeled it a top crypto to buy right now. >>BUY SPCT TOKENS NOW<< Can Litecoin (LTC) Sustain Its Continued Uptrend? Despite adverse market conditions, according to Litecoin news, Litecoin (LTC) surged beyond its monthly low of $57.7 in September. As of September 10, the number of Litecoin (LTC) long-term holders’ wallets had topped 5 million, setting a new all-time high.  This represents an increase of 602,000 new addresses since Litecoin (LTC) dropped from its all-time high of $114 on July 2. Litecoin investors have grown their holdings to 3.2 million LTC since that time. Accordingly, Litecoin rose to a monthly high of $67.33 by September 19. This increasing number of long-term wallet holders indicates that investors are beginning to purchase Litecoin (LTC).  Analysts believe that the increase in Litecoin holdings will boost trust in the Litecoin (LTC) network. According to their Litecoin price prediction, the coin will see significant growth in the future as more investors purchase Litecoin, driving its price toward the $75 mark by the end of 2023. This Litecoin price prediction makes the coin one of the best cryptos to invest in.  Conversely, Litecoin (LTC) bearish analysts believe that the adverse market conditions could see Litecoin (LTC) reverse its uptrend. In such a scenario, their Litecoin price prediction is that the token could trade around the $55 region by the end of 2023.  Cardano (ADA) Unveils New Innovative Privacy Solution In September, Cardano (ADA) announced that Midnight, its new privacy solution, would launch on DevNet. This latest innovation is poised to bolster its position as one of the best DeFi crypto challengers to Ethereum and Polygon. The benefits of Midnight, which uses zero-knowledge proofs to improve security and privacy for Cardano smart contracts, have been highlighted by the ADA Cardano news channels.  While Ethereum and Polygon have already made a name for themselves in this space, Midnight’s launch may entice data-centric enterprises. ADA Cardano news for September indicated a steady price of around $0.25, with a market cap of $8.7 billion. With these innovations, bullish experts are casting a Cardano price prediction of $0.50 by the end of 2023. On the other hand, despite bullish projections, the technical indicators for ADA are bearish: RSI and CMF are pointing towards a downtrend. Bearish analysts rely on these indicators to predict that ADA could nosedive to the $0.15 support level by the end of the year.  While Cardano (ADA) remains in the spotlight, market insiders are increasingly drawn to VC Spectra (SPCT) and its bold promises. So, even as Cardano evolves, as highlighted in ADA Cardano news, SPCT could soon disrupt existing investment trends and take over the spotlight. Learn more about the VC Spectra presale here: Presale: https://invest.vcspectra.io/login Website: https://vcspectra.io  Telegram: https://t.me/VCSpectra Twitter: https://twitter.com/spectravcfund *This article was paid for Cryptonomist did not write the article or test the platform.
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