Why Is Chainlink Rising? What are LINK Alternative Coins?

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Chainlink (LINK) entered an uptrend over the weekend, managing to break the long-term resistance in the $16-18 region. According to CoinMarketCap, the cryptocurrency LINK has increased by over 4 percent in the last 24 hours, over 36 percent in the last month, and over 170 percent in the last year. LINK is very close to being $20. It currently has a market capitalization of over $11.1 billion. Let’s look at the reasons behind Chainlink’s rise.

“Traditional financial institutions need data, compute and cross-chain capabilities to adopt blockchains and tokenized RWAs at scale,” Chainlink said in a statement on X earlier this week. Only the Chainlink platform provides these three.” said.

“I think the Chainlink price increase is due to renewed interest in tokenizing RWAs (real world assets),” said Jim Hwang, chief operating officer of Firinne Capital. he stated. Chainlink is playing a role in tokenization, the process of representing real-world assets such as real estate and artwork with digital tokens on blockchain networks. In this sense, it manages to be one of the leading networks.

Chainlink also works with Swift, the global messaging network used by financial institutions to facilitate communication about international transfers. In August 2023, Swift announced that its tokenization experiments with Chainlink were successful. Thus, Chainlink has established itself as a critical component of the crypto industry. Partnerships with other blockchains keep the platform’s compatibility with the outside world at high levels.

In addition to all these, the general bullish outlook in the markets may also cause Chainlink to rise. Other coins closely followed by crypto investors hoping to benefit from bull markets are Sponge Token V2 and Meme Kombat. Sponge Token V2 purchase and Meme Kombat token purchase stand out with their offers and innovative applications.

Sponge V2 (SPONGEV2) – The New Version of SPONGE That Makes Investors Happy

Sponge V2 token (SPONGEV2), the sequel of SPONGE token, aims to be among the impressive meme coins of 2024. The “original” SPONGE had built a massive fan base of over 30 thousand members in record time. This success brought great profits to its investors in a short time. Now SPONGEV2 will try to make headlines with this kind of success.

SPONGEV2 uses the innovative Stake-to-Bridge setup that connects it to the original SPONGE ecosystem. In this way, it will be able to benefit from the interest of both new and existing investors in Meme Coin. This setup means that when purchasing or staking Sponge V1, users will receive an equivalent amount of Sponge V2 tokens.

If you already have SPONGE tokens, you can use the Staking Control Panel on the project’s website. From here you can stake your V1 tokens to earn SPONGEV2 tokens. This action will permanently lock your V1 tokens. Additionally, V1 tokens will no longer be supported once the V2 token is officially launched.

Users will also be able to earn staking rewards from V1 tokens locked for 4 years. All this goes to show that the more Sponge V1 tokens you have as a user, and of course the longer you hold them, the more Sponge V2 tokens you will earn.

The presence of the SPONGE token on major exchanges such as LBank, CoinV, Toobit, BTCEX, Poloniex, MEXC, Gate.io, Bitget, BitKan and BitMart undoubtedly provides additional credibility to the SPONGEV2 token. It positions itself among the most reliable meme coins. Purchasing Sponge Token V2 is presented as a reliable option in the high-potential meme coin market.

Meme Kombat (MK) – Web3 Based Meme Coin Project

Meme Kombat is a project focusing on war games. It also allows you to bet on the results of these games. Although the project focuses on the play-to-win concept, it wants to earn the title of being one of the best meme coins.

Purchasing Meme Kombat tokens allows token holders to deposit their tokens into the platform to participate in meme battles and bets. Thanks to their activity on the platform, players can bet on the outcome of meme character fights. In addition to their earnings, they can also receive various rewards.

The project will begin with Season 1 of 11 characters and will continue with Season 2 at a later date. The first season of Meme Kombat will arrive after the pre-sale ends and the project is launched. There are 11 meme characters you can battle in this season: Milady, Baby Doge, Doge, Floki, Kishu, Mong, Pepe, Pepe2, Shiba, Sponge and Wojak.

New meme characters may join the platform in the following seasons. According to the Meme Kombat website, the project also has plans to expand further, potentially adding new game modes, partnerships and other exciting developments.

The pre-sale of Meme Kombat, which is nearing the end of the pre-sale, has exceeded 8.2 million dollars. The project has a hard cap target of $10 million. This goal explains why its presale is gaining such strong momentum.

Investors who want to secure their share of the future of crypto games are racing against time. MK tokens of Meme Kombat, which is a Web3-based meme coin project, are sold for $ 0.279.

Click to review Sponge Token V2.


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