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Cryptocurrency News Articles

Hex, Chainlink, The Graph, and Apecoin Highlighted While Newcomer Rollblock Outperforms the Market

Nov 23, 2024 at 04:23 pm

Crypto stalwarts have highlighted the vast potential of Hex, Chainlink, The Graph, and Apecoin while brand-new, cutting-edge projects like Rollblock

Hex, Chainlink, The Graph, and Apecoin Highlighted While Newcomer Rollblock Outperforms the Market

Crypto stalwarts like Hex, Chainlink, The Graph, and Apecoin have been making waves in the digital asset space, while promising new projects like Rollblock ($RBLK) are quickly outperforming the market. Backed by a thriving GambleFi ecosystem and a loyal community, this lucrative project could easily outpace major altcoins heading into 2025.

Hex ($HEX) More Than Doubles In A Staggering Bullish Month

It’s been a spectacular month for Hex holders, who have seen their portfolios more than double with a massive 102% rally to reach $0.022 in the last 30 days.

Due to Hex’s structure, which involves locking tokens for a certain period of time, Hex holders tend to invest with a notoriously long-time horizon. This, as well as the Hex founder Richard Heart’s charismatic personality, has created a hugely loyal holder base.

Recently, the loyalty of the ‘HEXicans’ was put to the test as Heart was targeted by Finnish authorities on suspicions of tax evasion and assault. This led many to write Hex off in the crypto space, despite the recent rally. If Hex can hold support at $0.019, a run toward $0.03 looks to be a likely next move.

Chainlink ($LINK) Oracle Leading Brazilian CCIP Pilot

Chainlink is up 2.75% today to reach $15.27. In the last week, Chainlink has added over 13% to its market cap and retained its position as the leading oracle protocol in the Ethereum ecosystem. Chainlink has so far managed to keep its lead ahead of stiff competition from the likes of Pyth Network on the Solana chain.

Chainlink recently improved the standing of its cross-border operations with a record $16 trillion processed through its cross-chain interoperability protocol (CCIP). This feature has been integral for international transactions made on Brazil’s CBDC pilot, Drex.

Chainlink has also carved out a niche for itself in the DeFi world with Data Streams, which is upgrading the accuracy and security of the JOJO exchange’s futures platform. Chainlink could well see a run back to $19 in the coming days on the back of this adoption.

The Graph ($GRT) Recording Record Queries On-Chain

The Graph is on the cusp of breaking into the CoinMarketCap top 50 crypto index, having put in an impressive weekly candle of 26% to hit $0.22. The monthly candle looks even more impressive, as The Graph has added an extraordinary 34%, which has brought The Graph’s market cap to over $2.15 billion.

The Graph had a phenomenal Q3 and recorded more than 5 billion queries on the network in just 3 months. This is nearly double the activity of previous quarters and has resulted in a 5x increase of active subgraphs on The Graph network to around 10,000.

This parabolic rise in on-chain activity will no doubt result in The Graph reclaiming the key levels of $0.31 and then the yearly highs of $0.45 in the coming weeks.

Apecoin ($APE) Rallies Along With NFT Floor Price

Apecoin has been struggling of late, with a disappointing red monthly candle recording a 16.9% loss in the last 30 days. In fact, Apecoin has been lagging significantly behind the wider market recovery this year and has lost long-term holders over 20% in the last 12 months.

It looks as though the tides could be turning for Apecoin, with a recent 6% pump bringing the Apecoin price to $1.17. This has reflected the rise in Bored Ape’s NFT floor price, which is currently at 13.1 ETH.

Apecoin is set to benefit from the recent bounce in the NFT market as traders return to this famously volatile asset class. In the weeks to come, Apecoin could well surge back above the $2 level, which would certainly create a bullish launchpad for 2025 price action.

Rollblock ($RBLK) Blockchain Transparency Attracts Devoted GambleFi Community

Rollblock ($RBLK) is a revolutionary addition to the Ethereum ecosystem. It is a fully community-backed, crypto-native Web3 casino that is already generating revenue and racing through stage 8 of its early presale offering.

Rollblock has raised over $5.7 million from over 22,000 early investors, who have all seen the enormous potential Rollblock has to give the $450 billion online gambling sector a long-overdue upgrade. All Rollblock transactions are securely encrypted onto the Ethereum blockchain, meaning that no underhand manipulation can ever take place.

At a stroke, Rollblock has removed one of the major pain points from the gambling industry and given Rollblock

News source:bravenewcoin.com

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