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Cryptocurrency News Articles
Which Crypto Has the Most Potential? Chainlink's Whales Seem to Be Banking on a Future Price Upswing
Oct 19, 2024 at 01:00 am
Chainlink's whales seem to be banking on a future price upswing, while Avalanche is reinforcing its ecosystem with a strategic buyback of AVAX tokens. However, at a current price of only $0.0206 per coin and with projections suggesting $20 by 2027, BlockDAG is the crypto with the most ROI potential out there.
Three cryptocurrencies are making waves in the market: Chainlink, Avalanche, and BlockDAG.
Chainlink (LINK) is seeing increased whale interest, with a rise in large holders. This interest could be linked to Ronin's recent adoption of Chainlink's technology, boding well for LINK's future price performance.
The Avalanche Foundation is set to reclaim 1.97 million AVAX tokens from the troubled Luna Foundation Guard. This move is designed to protect AVAX's stability amid LFG's ongoing bankruptcy proceedings. As the foundation continues to bolster the network's health, AVAX's price has seen a moderate uptick.
Finally, BlockDAG (BDAG) is making a strong impression with its record-breaking presale performance. The 50% bonus offer on presale purchases has been extended due to high demand, providing an incentive for last-minute buyers. With a 1960% gain since launch and projections of $20 by 2027, BDAG is poised for significant long-term gains.
Chainlink (LINK) Price Steadies as Whale Buying Rises
Chainlink (LINK) has shown resilience amidst recent market challenges, thanks to growing interest from whales. While other cryptocurrencies dropped following disappointing inflation data, LINK held its ground as whales began adding to their holdings.
From October 1st to 8th, the number of large Chainlink holders increased from 489 to 502, indicating that major players may be positioning themselves for a future uptick in the cryptocurrency's price. This observation aligns with the narrative that large holders tend to accumulate assets ahead of promising trends.
Moreover, Chainlink's technology recently saw increased adoption when Ronin, a blockchain platform focused on gaming, integrated Chainlink's decentralized oracle services. This integration could further enhance LINK's appeal and provide a boost as whales continue their accumulation.
Avalanche Foundation to Reclaim 1.97M AVAX Tokens
The Avalanche Foundation is set to buy back 1.97 million AVAX tokens from the Luna Foundation Guard (LFG). This decision comes amid concerns over LFG's ongoing bankruptcy and its potential impact on the stability of the AVAX token.
By purchasing these tokens, the foundation aims to prevent any unwanted liquidation that could follow LFG's restructuring. The buyback plan, still awaiting court approval, highlights the foundation's commitment to maintaining the health of the Avalanche ecosystem. Meanwhile, AVAX has seen a modest increase in price, likely a response to these efforts to reinforce the network's value.
BlockDAG’s 50% Bonus Extended To Oct 21st
For those who missed out on BlockDAG's 50% bonus offer, which was originally set to expire on October 14th, there's some great news: the bonus has been extended, but only for four more days, until October 21st. This means there's still a short window to grab 50% extra BDAG coins on every purchase.
Many are already calling BlockDAG the next big crypto sensation because the network has been breaking records since the presale launching just a few months ago.
When BDAG coins were first rolled out in the presale at batch 1, they went for just $0.001 per coin. Now, as of the current batch 24, they're at $0.0206—a 1960% increase in a short time! With presale revenue now nearing $98.5 million, BlockDAG is quickly approaching $100 million.
Whales and individual buyers have picked up more than 14.3 billion BDAG coins so far. In fact, 23 out of 45 presale batches are already gone, and with several exchanges reportedly lining up for post-presale listings, time is running out on this early phase.
Thinking about the long haul? Crypto experts say BDAG could reach $20 per coin by 2027. From today's price of $0.0206, that kind of potential is hard to ignore.
Moreover, the bonus extension isn't just about the extra coins—it's BlockDAG's way of showing gratitude to its growing community. With demand for BDAG coins soaring in October, and only four days left on this offer, this is the perfect moment for buyers to act. To claim the extra BDAG, buyers can simply enter code BDAG50 at checkout.
What’s the Crypto with Most Potential?
Chainlink's whales seem to be banking on a future upswing in the cryptocurrency's price, while Avalanche is reinforcing its ecosystem with a strategic buyback of AVAX tokens. However, at a current price of only $0.0206 per coin and with projections suggesting $20 by
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