Chainlink Under Bearish Siege, As Raboo Remains Triumphant Proving More Than A Match For Ondo
The post Chainlink Under Bearish Siege, As Raboo Remains Triumphant Proving More Than A Match For Ondo appeared on BitcoinEthereumNews.com.
Investors are becoming increasingly impatient with Chainlink (LINK) as it continues to struggle under bearish pressure, and many of them now flocking towards an excellently performing meme coin called Raboo (RABT) which has over 8,000 registered users and has raised over $1.8 million in its token presale. Interestingly, Raboo’s performance is being compared to that of a top altcoins like Ondo Finance; however, according to experts, it appears that Raboo surpasses it. Dive in to learn more about this innovative presale token. Massive token unlock scares Chainlink investors despite network advancements Today’s price chart for Chainlink indicates a downtrend for the token, although it has shown some upswing to 1.9% within the past seven days. While experts attributed the drop in LINK to the current decline in BTC, many Chainlink holders think that it was due to the massive amounts of tokens unlocked recently, and as a result are selling their LINK holdings to invest in profitable alternatives. Although Chainlink has witnessed some major developments in its network lately, like making it easy for big institutions to trade real-world assets in an interoperable way, its recent massive token unlock has triggered fear, doubt, and uncertainty among investors, concerning its outlook. With over 21 million LINK tokens sent to a crypto exchange called Binance, both experts and investors anticipate further selling of LINK, which will make its price plunge further. ONDO integrates RWAs on Solana with drift, but price struggles persist ONDO Finance has once again stepped up its pursuit towards decentralization by collaborating with Drift Protocol, a Solana-based decentralized exchange, in a bid to integrate real-world assets (RWAs) on the Solana blockchain. This collaboration seeks to improve trading and capital markets by using the U.S. Treasury bills-backed stablecoin USDY as collateral on Drift’s marketplace to facilitate more efficient and transparent…
Filed under: News - @ June 29, 2024 1:12 pm