Avalanche (AVAX), Algorand (ALGO), and Chainlink (LINK) are rallying in a pumo for older cryptocurrencies. Meanwhile, investors are pouring millions into this new layer-2 crypto.
As Bitcoin shows signs of cooling off, pushing down the total market cap, altcoins are back in the limelight. Surprisingly, some of the most popular “Old Guard” coins are spearheading this drive, looking at Coingecko data.
Chainlink (LINK), Avalanche (AVAX), and Algorand (ALGO) are up 8%, 10%, and 12%, respectively, outperforming Bitcoin (BTC) and Ethereum (ETH).
Chainlink (LINK) Surge After Optimism Partnership Announcement
As LINK emerges as a top gainer in the last 24 hours, the market expects the token to close above $20 in the coming days.
(LINKUSDT)
After months, Chainlink bulls have failed to breach $20 as the round number emerges as a resistance level to watch out for.
Following the Chainlink deal with Optimism on November 26, LINK prices may find the much-needed momentum to breach this level.
In a press release, Chainlink said it will integrate its Data Streams, Functions, and VRF services on Optimism’s OP Mainnet.
Meanwhile, Optimism will join the Chainlink SCALE program that aims to foster the sustainable growth of Ethereum layer-2s. Â
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Algorand (ALGO) Joins Hands With The UN To Drive Blockchain Education
Algorand is also firm and back to March 2024 highs. In November alone, ALGO has added nearly 170%.
(ALGOUSDT)
Although ALGO is riding on improving crypto sentiment and the BTC rally, its partnership with the United Nations Development Programme (UNDP) is noteworthy.
In a November 19 announcement, UNDP said it was expanding its blockchain education academy in partnership with the Algorand Foundation.
The goal is to train 24,000 employees across various UN organizations.
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Avalanche (AVAX) Soar After Avalanche9000 Testnet Launch
Avalanche is steadily rising when writing. The close of this month could mark the start of a new leg up, pushing AVAX towards $44 in the coming weeks.
(AVAXUSDT)
On November 25, the team activated the Avalanche9000 upgrade on the Fuji testnet.
Avalanche9000 is now live on Fuji Testnet with up to $40m in grants on Retro9000.
🧵What does this mean for you? pic.twitter.com/fTsmNQNuXD
— Avalanche🔺 (@avax) November 25, 2024
Once the upgrade hits the mainnet, several proposals will be implemented.
The goal will be to make Avalanche more customizable, interoperable, and cheaper.
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