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Chainlink Leads Major Cryptos Amid Swift Update, While Notcoin Rockets Up Nearly 60%
- Bitcoin remains below US$70K, with most major cryptos in the red, except for a few altcoins like Chainlink, which is up by 6%.
- Chainlink’s rise is linked to its upcoming presentation with Swift at the Consensus conference, raising market expectations.
- Notcoin has seen the most significant rally, surging 60% in 24 hours, driven by its new listings on major exchanges and its integration into the TON blockchain.
With Bitcoin and other major cryptos currently in the red, few altcoins other than memecoins are rallying. Bitcoin is trying to break through the US$70K (AU$105K) barrier, currently trading just under US$69K (AU$103.5K).
Related: Global Shift: New Report Shows 5% of All Bitcoin Now Secured in ETFs Worldwide
Chainlink is one of the few major cryptos which has moved against the trend. LINK is up 6% in the past 24 hours, defying market odds.
The rally comes on the back of the news that Chainlink and payments network Swift will be presenting together at the upcoming Consensus conference in Austin, Texas later this week. Conference announcements often raise expectations and this time is no different.
Chainlink has multiple events scheduled during the conference, including talks on tokenisation and a deep dive into the network.
Analyst and trader Michaël van de Poppe continues to hold bullish views and sees the price of LINK go to US$19 (AU$28.50) in the medium term.
Chainlink co-founder Sergey Nazarov is even more bullish for the overall market given last week’s approvals of Ether ETF filings.
Just like many systems and protocols initially list Bitcoin and ETH and then eventually list a multitude of other tokens, that is really the trajectory that we’re on. It is a sign of a very clear trend that not only Bitcoin, not only ETH, but many other tokens out in the world will end up getting their own ETFs at some point, allowing the larger global capital markets to interact with that financial product.
Sergey Nazarov Notcoin Also Does Not Disappoint
Meanwhile, Notcoin (NOT) has rallied 45% in the past week and almost 60% in the past 24 hours.
Notcoin, a viral mini-game on Telegram using the Toncoin blockchain, has gained millions of users. The game involves tapping token icons to earn Notcoin (NOT). NOT has only recently listed on major exchanges Binance, OKX, Bitfinex and others.
There are plans for expansion, such as adding web3 games and other applications within the Telegram app. The Notcoin integration into the TON ecosystem seems a clever move, because it not only leverages existing infrastructure but also a large user base.
While losing a lot of its value initially, NOT has surged with daily trading volumes rising by almost 400%.
Note that some users claim they haven’t received their tokens during airdrops and some have outright called Notcoin a scam. Proceed with caution and do your own research.
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Author
Aaron Feuerstein
Aaron Feuerstein is a freelance writer based in Melbourne. His focus is on decentralised finance and the regulatory space surrounding blockchain. He holds a Master's in Accounting. When he is not studying the latest legal case, he enjoys his time as a modest but eager hobby cook.
