Chainlink and Litecoin See Modest Gains, But Intel Markets Eyes (INTL) Explosive 100x Surge
The post Chainlink and Litecoin See Modest Gains, But Intel Markets Eyes (INTL) Explosive 100x Surge appeared on BitcoinEthereumNews.com.
According to recent market updates, Sonic’s Chainlink Cross-chain Interoperability Protocol (CCIP) integration has sparked a modest increase in the value of Chainlink (LINK) alongside Litecoin (LTC), whose rally was triggered by institutional investors increasing their LTC bag. Meanwhile, a new dual-chain crypto perpetual exchange market coin, Intel Markets (INTL), may surpass these established players with a projected 100x price surge. Let’s find out why INTL’s prospects appear better than LINK and LTC! Chainlink Stalls Despite Increased Adoption On September 4, 2024, Chainlink’s LINK shot up the charts to $10 as market players reacted to a recent development within the Chainlink ecosystem. Notably, Sonic Labs, a decentralized application incubator, incorporated Chainlink’s CCIP on September 3. The firm noted in a subsequent announcement that the decision to adopt the CCIP was geared towards creating a seamless interaction between Chainlink and the Fantom blockchain. Market players had expected a more significant uptick in LINK’s value following the event, but their expectations were cut short. LINK recorded a slight increase in value the next day, but the days after saw the coin crash. Indicators suggest the bearish trend is affiliated with latent bearish sentiments among investors and the current deteriorating market condition. The Relative Strength Index (RSI) indicator, a momentum tracker, has dropped to 40.22, slowly gliding deeper into the oversold region. LINK is down 9.80% from $11.02 to $9.94 in the last seven days. Analyses are pointing at more declines in the coming days, causing investors to seek out better investment alternatives. Litecoin Ready to Rally as Grayscale Purchases 10,000 LTC Coins A well-known voice in the crypto community, Bamboo, has shared fresh data from CoinGlass, reflecting a recent purchase of 10,000 LTC by asset manager Grayscale. Bamboo spotlighted this acquisition in a tweet on September 4, 2024. The crypto commentator noted that…
Filed under: News - @ September 14, 2024 11:16 am