Don’t Sleep on the Old Guard: Chainlink, Avalanche, and Algorand Lead Daily Gains
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
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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
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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.
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Algorand (ALGO) Joins Hands With The UN To Drive Blockchain Education
Algorand
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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
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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.
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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
— Avalanche9000 🔺 (@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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Pepe Unchained: Over $54 Million Raised, Will PEPU outperform Avalanche, Chainlink, and Algorand?
Even as the OGs lead gains, investors are confident Pepe Unchained is the next big meme coin project to watch out for.
Pepe Unchained aims to disrupt the meme coin scene by launching an Ethereum layer-2, Pepe Chain.
Unlike Base or Arbitrum, Pepe Chain is dedicated to meme coins only.
It will be faster, cheaper, and scalable while interoperable with Ethereum’s security and superior liquidity.
One of Pepe Chain’s key features is the Pump Pad.
Like SunPump on Tron, the meme coin launchpad democratizes meme coin creation and access. Anyone can launch tokens quickly without coding experience.
What’s more?
There will be an in-built DEX and an explorer to track token movements quickly.
So far, the Pepe Unchained presale has raised over $54 million, attracting retail and institutional investors.
PEPU, the utility ERC-20 token, is trading for just $0.01295.
You can buy PEPU at this discounted price before it lists on top exchanges like Uniswap.
Once it does, PEPU can easily 100X, based on multiple predictions made by top analysts on YouTube.
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