Chainlink and BNB Investors Find Comfort in A New Blockchain Platform After a Discouraging Price Drop
There’s a new Blockchains ABCN token out there providing that much-needed relief to several crypto investors.
Latest on its list of decamping investors are Chainlink and BNB investors. With the recent discouraging drop in LINK’s and BNB’s prices, investors have now turned to the new high-flying ABCN project for comfort as it promises massive returns.
Keep reading to learn more about the project.
Chainlink Price Drop is a Worrying Sign for LINK Investors
Despite Chainlink’s crucial role in the blockchain space, its token, LINK, has struggled with performance as the 1-year price chart shows consolidation. LINK is currently on a downward trend, raising concerns for investors over its near and long-term potential.
Chainlink (LINK) plunged by 5.83% over the past week and 18% in the last 30 days. This decline in Chainlink’s price is believed to be due to different reasons, which include stiff competition from new projects and market sentiment. Analysts believe the coming days will be key as we wait to see if Chainlink can build enough momentum to inspire a rally or lose key support and plunge even deeper.
Binance’s BNB Suffers Slump Amid Legal Tussle with the SEC
BNB is the native crypto of the Binance crypto exchange platform, a platform involved in a lengthy legal tussle with the Securities and Exchange Commission (SEC) since June 5, 2023. According to the SEC, Binance has violated several regulatory laws, including ‘selling unregistered securities, misrepresenting trading controls, and operating unregistered exchanges.’
The legal tussle led to the delisting of many crypto trading pairs in Binance’s US subsidiary. , as expected, the situation has resulted in a sharp decline in BNB’s price. Also, the coin’s trading activity decreased in some regions as the SEC’s lawsuit raised credibility concerns for Binance. And when the crypto market crashed on August 17, BNB fell even further.
Now, despite experts predicting BNB could rise by 38.5% to $300.51 if the regulatory issues around it clear up, and the rise in its trading activity, the future of the coin and the exchange remains more than uncertain.
Chainlink and BNB Investors are in Luck as ABC Network (ABCN) Presents a Path to Wealth
Ace Blockchain Crypto Network is a blockchain platform that is a decentralized digital infrastructure that enables the creation and execution of applications, services, and protocols based on blockchain technology. It serves as a foundation for building and deploying various decentralized applications (DApps) and smart contracts marketplace.
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Stay tuned for announcements by following ABCN on Twitter.
Website: http://abcn.io/
Twitter: https://twitter.com/ABCNnetwork
Telegram: https://t.me/abcnetworkchat