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While the broader cryptocurrency market has been moving sideways, some altcoins have delivered a really strong show. The start performers on Monday, January 3, have been Chainlink (LINK) and Fantom (FTM).
Oracle service provider Chainlink (LINK) has been showing strength recently gaining 7% over the last 24-hours. As of press time, LINK is trading at $23 with a market cap of $10.7 billion. Chainlink has been hammered during the recent crypto market correction with the LINK price crashing under $20 levels.
However, it is once again showing strength! More importantly, LINK is heading for a major breakout against the world’s largest cryptocurrency Bitcoin (BTC). On the descending triangle pattern, LINK seems to be heading for a breakout on the upside. If this happens, we can see the LINK price going closer to $30 very soon.
— Benjamin Cowen (@intocryptoverse) January 3, 2022
Many believe that Chainlink (LINK) could be one of the top-performing altcoins for 2022. Last weekend, Chainlink co-founder Sergey Nazarov recently presented the protocols plans for cross-chain interoperability using CCIP.
Besides, Chainlink is also planning to introduce staking on its platform this year in 2022. So there’s a ton of exciting developments coming to the Chainlink protocol in 2022 which makes it a major altcoin contender for a strong rally.
This 2022 kickoff presentation highlights how #Chainlink has come to secure over $75 billion, plans for cross-chain interoperability using CCIP, the upcoming release of staking, and the use of Chainlink as an abstraction layer by Web 2.0 and enterprises. https://t.co/Ii0eG0vznJ
— Chainlink – Official Channel (@chainlink) January 1, 2022
Don’t Miss Out the Fantom (FTM) Rally.
After crashing over 50% from its all-time high of $3.0, Ethereum-Layer-1-competitor Fantom (FTM) has registered a solid bounceback over the last week. On Monday, the FTM price gained another 20% and is currently trading at $2.91 with a market cap of $7.37 billion. On-chain data provider Santiment reported:
The popular #Fantom spiked +19% Monday despite #crypto‘s mild slide. $FTM‘s price has now surged +115% in just under two weeks, and #Fantom‘s active addresses have spiked to levels not seen since late November.
The Fantom Price rally comes along with the surge in the daily active addresses. We expect the FTM price rally to continue further in 2022.
The post Chainlink (LINK) and Fantom (FTM) Altcoins Register Strong Rally, Here’s What’s cooking appeared first on CoinGape.
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