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Home Latest News Altcoin News Altcoins Chainlink, and Fantom Have a Strong Rally, and Here's What's New!

Altcoins Chainlink, and Fantom Have a Strong Rally, and Here’s What’s New!

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.

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.

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.

Courtesy: Santiment

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.

Source: CoinGape.com

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