{"id":462661,"date":"2023-12-02T19:21:36","date_gmt":"2023-12-02T19:21:36","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=462661"},"modified":"2023-12-02T19:21:36","modified_gmt":"2023-12-02T19:21:36","slug":"next-cryptocurrency-to-explode-saturday-2-december-chainlink-gas-bitcoin-etf-token","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-saturday-2-december-chainlink-gas-bitcoin-etf-token","title":{"rendered":"Next Cryptocurrency to Explode Saturday, 2 December – Chainlink, Gas, Bitcoin ETF Token"},"content":{"rendered":"

After three months of decline, November marked a turnaround for U.S. stocks<\/a>, thanks to better-than-expected earnings and signs of decreasing inflation. These factors fueled the belief that the Federal Reserve might have finished its tightening of monetary policy.<\/p>\n

Federal Reserve Chair Jerome Powell’s recent remarks, promising a cautious approach to interest rates, further boosted market confidence. He highlighted the balanced risks of excessive tightening and insufficiently controlling inflation, signaling a shift to a more cautious stance.<\/p>\n

Jeffrey Roach, chief economist at LPL Financia<\/a>l, highlighted the market’s reaction to Powell’s comments, noting the significance of the shift in language from previous assertions of a restrictive policy to the recognition of being “well into restrictive territory.” This subtle change resonated with market participants, influencing market sentiment.<\/p>\n

\"crypto<\/p>\n

Next Cryptocurrency to Explode<\/b><\/h2>\n

Uber Technologies is set to become a part of the S&P 500 index starting December 18, as confirmed by S&P Dow Jones Indices. This move accompanies the inclusion of Jabil Inc. and Builders FirstSource Inc. from the S&P MidCap 400 index. Adjusting these indices will remove Sealed Air Corp, Alaska Air Group Inc., and SolarEdge Technologies Inc. from the S&P 500.<\/p>\n

1. Chainlink (LINK)<\/b><\/h3>\n

Recent insights from Santiment, an on-chain analytics firm, shed light on significant holders’ accumulation of Chainlink (LINK) tokens. This includes institutional investors and major crypto whales.<\/p>\n

\"LINK<\/p>\n

Over the past five weeks, these LINK whales have notably increased their holdings, setting Chainlink apart from other altcoins. Moreover, it signals growing interest and confidence among key players in the crypto market. This places the coin as the next cryptocurrency to explode.<\/p>\n

Currently trading around $15.75, LINK has shown a 6.5% upward movement in the last 24 hours and an impressive 42% increase in the past 30 days. This surge outpaces Bitcoin and a majority of other top altcoins.<\/p>\n

Key metrics, such as a 107% price surge over the past year, outperforming 75% of the top 100 crypto assets, consistent trade above the 200-day simple moving average, positive performance compared to its token sale price, 18 positive trading days in the last month, and its high liquidity based on market cap, collectively indicate a robust performance.<\/p>\n

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Imagine if collectible sneakers could be authenticated, tokenized, and transacted onchain. <\/p>\n

These sneaker dNFTs would automatically track verification of authenticity, past owners, and condition—leading to greater transparency for all. pic.twitter.com\/lmWrxkB4iJ<\/a><\/p>\n

— Chainlink (@chainlink) December 2, 2023<\/a><\/p><\/blockquote>\n