Bitcoin

The date of expected LINK staking for Chainlink is predicted

. Chainlink (LINK/USD) is back in the consolidation zone – between $6 and $8. Last week, the token broke through $8 to $9. 45, igniting a potential bull run. LINK is now back in the consolidation zone after a crypto crash. What are the most recent developments? Chainlink Economics 2.0 has called LINK stake a…

Chainlink (LINK/USD) is back in the consolidation zone – between $6 and $8. Last week, the token broke through $8 to $9. 45, igniting a potential bull run. LINK is now back in the consolidation zone after a crypto crash. What are the most recent developments?

Chainlink Economics 2.0 has called

LINK stake a game-changer. Chainlink 2.0 promises, among others, a new era in cryptoeconomic security, value and sustainable growth. This development is crucial to increasing the adoption of DeFi services as well as the Web3 ecosystem. Chainlink Economics 2.0 is based on LINK staking.

As we all know, the Chainlink community is gearing up to launch LINK staking. Chainlink developers released an update on November 9 stating that the staking service was on track to launch in December. From Monday, Stakers will be able to check their eligibility.

The insights surrounding LINK staking might, at the very least, support token as long as the market is in red. Here is the technical outlook:

Chainlink retests the bottom of the consolidation channel at $6

Source – TradingView

Chainlink retested the $6 support as the price crashed. Although the token is currently recovering, we are unable to issue a bull call. As the token has been repeatedly resisted at $8, it is crucial that resistance remains at $8. Despite bears still in control, the RSI has some upside.

Should you buy Chainlink now?

There are positive fundamentals surrounding the Chainlink token. The token is however submerged in the wider bear markets.

Although bulls have defended the $6 support well, the price recovery could be contained below $8. This could allow LINK

to consolidate more before enough buyers enter to force a breakout of the resistance. We recommend patience before buying LINK until it finds a directional movement.

Where to buy LINK

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users have the ability to connect with, learn, copy, or get copied from other users.

Get LINK today

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

Bitstamp, a fully-regulated company, offers users an intuitive interface and high levels of security for digital assets. It also provides excellent customer support. There are many withdrawal options.

Get LINK today with Bitstamp

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The TON Foundation announced that the Open Network will launch a trustless bridge to allow people to bridge Bitcoin into the TON ecosystem for DeFi purposes. The bridged Bitcoin, called Teleport BTC, will maintain the original Bitcoin’s security while allowing holders to take advantage of the growing opportunities on TON.

According to the Foundation, each Teleport BTC will be backed 1:1 by native Bitcoin via a trustless, transparent process chiefly executed by verifiable smart contracts and validators.

This new development aims to “enhance Bitcoin’s utility, transforming it into a powerful tool for generating additional rewards on TON.”

TON’s Growth in 2024

The Open Network, closely linked with the popular Telegram messaging app, has been on an upward climb in 2024 both in price and network development. The network was initially created by the Telegram team for internal use but was abandoned and eventually picked up by the community.

TON made major waves after Telegram re-established contact by using the network to power its ad reward system, which pays channel owners in TON (the network’s native cryptocurrency) for traffic and views.

Outside of Telegram, TON is making a name for itself as a social gaming chain with tap-based casual projects like Notcoin and Hamster Kombat garnering attention.

TON’s Growing DeFi Ecosystem

While TON is not primarily known as a network for decentralised finance, its DeFi ecosystem has witnessed a boom in recent months. According to Defillama, a leading on-chain finance data provider, the total value locked on TON currently stands at $745.96 million as of writing after rising significantly from $22 million at the end of February 2024.

The Open Network plans to launch the Teleport BTC bridge later this year.

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Bitcoin

First ETP for Near Protocol’s NEAR token unveiled on Sweden’s Spotlight Stock Market

Valour’s NEAR ETP will be available on Sweden’s Spotlight Stock Market. Valour currently operates one of the largest Solana ETPs. The crypto fund issuer also operates Bitcoin, Ether, and Internet Computer ETPs. Crypto fund issuer Valour today announced the launch of an exchange-traded product (ETP) for Near Protocol’s native token, NEAR. This groundbreaking ETP will be…

Valour’s NEAR ETP will be available on Sweden’s Spotlight Stock Market.
Valour currently operates one of the largest Solana ETPs.
The crypto fund issuer also operates Bitcoin, Ether, and Internet Computer ETPs.

Crypto fund issuer Valour today announced the launch of an exchange-traded product (ETP) for Near Protocol’s native token, NEAR.

This groundbreaking ETP will be available on Sweden’s Spotlight Stock Market, offering retail and institutional investors the opportunity to gain exposure to the decentralized application development platform.

NEAR ETP joins Valour’s diverse portfolio of ETPs

Valour already operates one of the largest Solana ETPs, Valour Solana, and offers a suite of staking products, including ETPs for Bitcoin, Ether, and Internet Computer.

Valour’s head of product, Elaine Buehler, emphasized the significance of this new fund, highlighting its potential to grant investors access to an asset renowned for its transformative impact on decentralized finance (DeFi) and non-fungible tokens (NFTs).

Near Protocol, designed to tackle common blockchain development challenges such as user onboarding and multi-chain operations, boasts a market capitalization of approximately $6.8 billion. This positions NEAR among the top 20 digital assets globally, according to CoinMarketCap.

The launch of NEAR ETP comes amid a wave of regulatory approvals in the United States, where investment managers BlackRock, Franklin Templeton, and VanEck recently received preliminary approval to list the first exchange-traded ETH products. Analysts predict this move will pave the way for more crypto exchange-traded products in the US, including potential Solana-based ETFs.

Valour’s parent company, DeFi Technologies, currently manages around $600 million in assets across various crypto-native strategies.

On July 16, DeFi Technologies expanded its footprint by acquiring trading desk Stillman Digital in an all-stock deal. This acquisition is expected to significantly enhance the Canadian crypto platform’s capabilities, potentially positioning it as a formidable competitor to larger entities like Galaxy Digital.

Valour’s new NEAR ETP represents a significant advancement for investors seeking exposure to innovative blockchain technologies, reinforcing the firm’s position at the forefront of digital asset investment products.