Chainlink (LINK) recently witnessed its most substantial increase in whale transactions this year. In other news, Polygon Labs reportedly paid a publicly traded sports betting firm millions in cryptocurrency to manage one of its now-defunct network validators. Meanwhile, VC Spectra (SPCT) has been on the lips of every savvy investor after it skyrocketed to $0.077, surpassing analysts’ forecasts.
Discover the best coin to buy this December: VC Spectra (SPCT), Chainlink (LINK), or Polygon (MATIC).
What you'll learn 👉
Summary
- VC Spectra (SPCT) soars to $0.077, generating over 862.5% ROI.
- Experts suggest Chainlink (LINK) will jump to the $16 mark by the end of 2023.
- Market forecasts indicate that Polygon (MATIC) will trade at $0.89 by December 2023.
VC Spectra (SPCT) Sends Shockwaves With Its Amazing Presale Jump
In the midst of a revolutionary transformation in the crypto landscape, traditional norms are giving way to decentralization. Unsurprisingly, crypto tokens become the refuge for investors seeking optimal returns. Against this backdrop, VC Spectra (SPCT) naturally ascends as the top coin to buy, epitomizing a steadfast commitment to profitability.
VC Spectra stands out as a beacon of confidence for investors, placing sustainable investment principles at the forefront. A substantial 40% of its funds are allocated to a meticulously crafted portfolio, while an additional 40% is devoted to select cryptocurrencies and ICOs. The remaining funds play a pivotal role in optimizing fund management and fueling marketing campaigns.
VC Spectra (SPCT) is transforming the blockchain sphere with its cutting-edge high-frequency algorithms and advanced quantitative models, ensuring the success of every trade. As the top crypto to buy, VC Spectra (SPCT) utilizes a rigorous selection process to pinpoint high-potential blockchain ventures.
And the best part? VC Spectra (SPCT) garnered attention with a remarkable 862.5% jump, reaching $0.077 ahead of schedule. As investors flock to the platform, analysts predict that SPCT will surpass its initial target of $0.080 before the presale ends.
Chainlink (LINK) Witnesses Largest Transaction Surge of 2023
Chainlink (LINK) has experienced its most significant surge in whale transactions this year. Chainlink news indicates that within a brief timeframe, over 2,600 transactions, each valued at $100,000, took place, coinciding with the imminent launch of Chainlink Staking v0.2
Recent data from IntoTheBlock reveals that spikes in whale transactions over the last six months tend to precede an uptick in LINK’s price. Alongside this trend, Chainlink (LINK) observed a remarkable 430% increase in daily transactions from its monthly low, accompanied by significant accumulation by major token holders.
Furthermore, on-chain analytics firm Santiment brought attention to a substantial movement of older coins within Chainlink (LINK) wallets, a pattern historically linked to massive price jumps. Santiment also identified a correlation between the surge in LINK prices and the escalation in the activity of dormant tokens, referred to as ‘Age Consumed’ levels.
Notably, after the ‘Age Consumed’ levels reached 8.34 billion on September 15, Chainlink’s (LINK) price subsequently soared by almost 31% in the following two weeks.
Amid recent developments, the Chainlink price has skyrocketed from $14.32 to $14.96 in the past week. On-chain data also reveals that the Chainlink price jumped by 30.5% in the past month due to Chainlink’s (LINK) network upgrades.
With Chainlink (LINK) at the forefront of innovation, market forecasts suggest the Chainlink price will hit the $16 mark by December 2023.
Polygon’s (MATIC) Multi-Million Dollar Deal Turns Betting Firm Into Poor Validator
Polygon MATIC news reveals that Polygon Labs allegedly paid a publicly traded sports betting firm millions in cryptocurrency to operate one of its now-inoperative network validators. This is despite presenting itself to the community as a regular validator.
According to CoinDesk’s recent report, DraftKings was named as a Polygon (MATIC) validator in early 2022. However, Polygon (MATIC) did not reveal the undisclosed agreement that involved paying DraftKings millions of MATIC tokens over 20 months.
Polygon MATIC news indicates that the sports betting firm received an initial lump sum of millions of MATIC tokens at the onset of the partnership in late 2021. This was followed by additional millions through a unique staking arrangement.
While it’s a common practice for blockchain companies to compensate high-profile firms for collaborations, the majority of Polygon’s (MATIC) validators did not receive a similar offer. This underscores that DraftKings was not considered an “equal community member.”
Meanwhile, on-chain metrics indicate that the Polygon MATIC price jumped from $0.74 to $0.81 in the past week. Experts indicate that the bullish rally exhibited by the Polygon MATIC price is attributed to increased trading activity on the Polygon (MATIC) network.As more investors take advantage of Polygon’s (MATIC) impressive performance, analysts reveal that the Polygon MATIC price will surge to $0.89 by December 2023.
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