ICO News

Altcoin Digest: ChainLink (LINK), Ripple (XRP) and Degrain (DGRN) – Coinpedia Fintech News


The cryptocurrency market has been bearish for a couple of months. Anxiety levels are high as things are looking bleak for many coins. Some altcoins, however, have proven resilient to the failing fiat economy and bearish crypto trends. 

Over June 2022, the charts display positive trends, signifying fertility for investments, decent returns, and growth. With current altcoins on the rise, massive migration is in place as investors seek countermeasures to secure their finances and future. We will explore some of these bullish altcoins in this article.

Chainlink (LINK) has proven to be a long-term big player as investments keep growing on the platform. This bullish trend might be due to the multiple use cases and recent massive adoption.

The Chainlink (LINK) platform has been the foremost provider of open-source, decentralized oracle solutions. The native token, LINK, is built on the Ethereum (ETH) system and currently ranks 26rd on CoinMarketCap, with a value of $6.8 as of the fourth week of July. 

With about half of the total LINK supply in circulation, it is assured that the coin will rise considerably before the year ends. Provided that the tokenomics remain on the green side and utility does not fail, Chainlink (LINK) will fare well in the coming weeks. Experts suggest Chainlink could reach as high as $16 by June 2023.

Ripple (XRP) – Troubled but Resilient

In the past month, Ripple (XRP) has maintained a bullish state and shown an average growth of 2.95%. It sits in 7th place on CoinMarketCap by market cap.

The open-source exchange medium is valued at $0.35 with an all-time high of $3.84. Ripple (XRP) has not remained in the red zone for long but maintains an upward trend. With a growth rate of 3.08% this week, XRP could reach $0.9 before the year ends, provided current momentum is maintained.

Degrain (DGRN) – A Star is Born

This upcoming, high utility NFT marketplace protocol might’ve been inspired by OpenSea, but appears set to overtake the crypto NFT scene. Currently in its presale stage, its token, DGRN, is priced at just $0.05 and experts believe there will probably never be a better time to buy into the project. Investments are made possible via their pre-sale, which is currently open and has already seen Phase One finish two weeks early.

A standout feature of Degrain is its venture capitalist-free existence. The absence of VCs who could influence the project for their personal gain and cut into the public’s rewards makes DGRN a token that promises growth and fair profits to masses of investors, rather than a few. Through the pre-sale, buyers are not only rewarded with a 30% bonus on presale investments, but also enjoy a 100% discount on all transaction fees for life.

Analyst predictions for the Degrain token, DGRN, are between 7,000% and 9,000% growth. These figures are calculated based on statistics, utility metrics and comparisons to cryptocurrency projects with less utility.

Website: https://degrain.io

Presale: https://presale.degrain.io

Telegram: https://t.me/degrainio 

Twitter: https://twitter.com/degrainio

Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.

Was this writing helpful?





READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.