Following the news about Binance acquiring FTX, the crypto market has crashed, losing over $70B. The volatility of cryptocurrencies isn’t a new occurrence, and we’ve seen cases of big money movers causing a shift in the market. The Elon saga in the past week was enough proof of that and how it influenced DOGE’s price tremendously. After days of exceeding the $20k mark, Bitcoin drops to $18,600, Solana dips by $14%, and most altcoins that have followed take their turns for the worst. The only exception in the list is Chainlink.
Despite price volatility, Chainlink has soared to a three-month high, reaching a price that it has not attained since August. And experts say that massive activity sparked over the previous five weeks by LINK wallets was what led to the most recent price increase. Whatever the cause is, it is noteworthy that Chainlink is a top-performing cryptocurrency presently and could be a valuable addition to your portfolio.
Dogeliens (DOGET) is another cryptocurrency looking promising on presale right now, and it seems to be following the d;og meme coin buzz. Enthusiasts say it could be the next Dogecoin since it offers more than fun and entertainment, unlike DOGE.
Chainlink (LINK)
Chainlink (LINK) is a decentralized network of nodes that connects and links data and information from outside a blockchain to on-chain smart contracts. It is a blockchain system that enables off-chain processing and access to real-world data while maintaining the security of blockchain technology. Chainlink is a decentralized network that intends to improve smart contracts’ capabilities and upscale their functionality using blockchain technology.
Smart contracts are essential for blockchain technology since they power the decentralized network by enabling transactions without the need for human interaction. However, the technology is relatively new, and one of the major challenges encountered is linking external information with the contract so that it would be interpreted and understood.
Chainlink intends to solve this problem by enabling access to the numerous inputs and outputs required by a complicated smart contract. The Chainlink network intends to easily provide quick and secure access to off-chain data and resources.
Since the beginning of the year, Chainlink has experienced significant whale accumulation and address activity, which is one of the reasons for its recent price increase. Shark and whale addresses have continued accumulating LINK tokens during the bad market, which signifies a bullish momentum from the community.
Dogeliens (DOGET)
Dogeliens is a new meme coin looking to build on the Binance Smart Chain. It is a meme coin with DeFi solutions, a DAO governance model, an NFT marketplace, and many more means of generating revenues.
Dogeliens has a blockchain education hub where users can learn the most basic or advanced information about the crypto market and blockchain technology. The education hub helps adopt more users into the Dogeliens community and the crypto landscape at large.
Dogeliens presale is selling fast, and investors are excited about the idea of a new meme coin offering new liquidity to the market. You can be among the early gainers by buying the token on presale here.
Check out the links provided below to learn more about Dogeliens (DOGET):
Presale: https://buy.dogeliens.io/
Website: https://dogeliens.io/
Telegram: https://t.me/DogeliensOfficial