Bullish Trend: Chainlink’s Top Investors are Accumulating at a Rapid Pace
Chainlink’s price action has been rather lackluster as of late, with its price lacking a clear trend as it consolidates alongside Ethereum and the rest of the crypto market. However, there’s a strong possibility that this will soon shift as Bitcoin’s ongoing uptrend will eventually lead to a capital rotation even that causes significant inflows […]
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New research from Glassnode indicates the top 1% of Chainlink holders control nearly 81% of the token’s supply. According to crypto market data aggregator Glassnode, Chainlink’s (LINK) token distribution is at record levels of centralization — with more than 80% of LINK not held on exchanges currently residing in the top 1% of Chainlink wallets. Glassnode’s research found that 81% of LINK not held on crypto exchanges of smart contracts is currently stashed away in 125 wallets, with the number of tokens held by Chainlink’s whales steadily increasing over the past two years.When including....
Santiment, a blockchain analytics firm, recently shared that Ethereum’s NVT is still “bullish” The NVT is the network value to transaction ratio, which is seen as a price-to-earnings ratio for blockchain networks. Data also shows that investors are accumulating ETH en-masse, with coins leaving exchanges at a rapid clip. Ethereum On-Chain Trends Still Favoring Bulls Ethereum has undergone a strong drop from its weekly highs around $385. The coin fell under $370 on Tuesday morning […]
Bitcoin price continues to gain momentum against the US Dollar and traded past $900. Let us see if the BTC/USD pair can challenge $1000 or not. Key Points. Bitcoin price busted higher against the US Dollar and broke a major resistance at $900. Yesterday’s highlighted bullish trend line on the hourly chart (data feed from SimpleFX) of BTC/USD was a perfect support and buy area. The price corrected lower, tested the trend line and bounced back. Bitcoin Price Bullish Trend. There was no stopping Bitcoin price, as it busted higher against the US Dollar, and broke yet another important....
Singapore-based cryptocurrency exchange Bitrue has announced that its daily XRP Raffle lottery will now be secured by Chainlink’s verifiable randomness function (VRF). The tool will be used to select the lottery’s string of winning numbers. Bitrue’s XRP Raffle Made Even More Secure Starting from this week, Bitrue exchange’s daily XRP Raffle will become more reliable through the use of Chainlink’s verifiable randomness function (VRF). The top decentralized oracle provider will help Bitrue determine each of […]
It’s been a tough past few days for the entire crypto market. Synthetix Network Token (SNX), in particular, has dropped rather hard: the coin is down 5% in the past 24 hours alone and nearly 20% below the local highs. Despite the drop and widespread range trading seen over the past month, investors are bullish. […]