{"id":75789,"date":"2023-10-23T08:09:27","date_gmt":"2023-10-23T12:09:27","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/is-it-too-late-to-buy-chainlink-link-price-rockets-11-as-surprising-new-meme-coin-secures-650000-in-funding-whats-going-on\/"},"modified":"2023-10-23T08:09:33","modified_gmt":"2023-10-23T12:09:33","slug":"is-it-too-late-to-buy-chainlink-link-price-rockets-11-as-surprising-new-meme-coin-secures-650000-in-funding-whats-going-on","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=75789","title":{"rendered":"Is It Too Late to Buy Chainlink? Link Price Rockets 11% as Surprising New Meme Coin Secures $650,000 in Funding \u2013 What’s Going On?"},"content":{"rendered":"
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After more than 15-months of tight ranging price action, Chainlink (LINK) has shot-up +11% in a potential break-out trend, yet, as the underwater LINK army goes on parade – is it too late to buy Chainlink?<\/p>\n

The past year of trading has seen leading Oracle Chainlink trapped between $5.50 and $9.50, in a predictable chop that has left bag-holders in purgatory.<\/p>\n

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Yet, the sudden break-high, triggered by a Chainlink blog-post suggesting the launch of a V0.2 upgrade to LINK staking is expected to come later this year – with new features including an unbonding mechanism, liquid staking rewards, and a shift of the stake slash burden from stakers to validators.<\/p>\n

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The upside move was predicted by top-tier crypto trader VikingXBT<\/a>, who has withstood the wrath of many disillusioned LINK holders in recent weeks, as he shepherded the LINK army through challenging price action.<\/p>\n

LINK Price Analysis: Is It Too Late to Buy Chainlink After +11% Pump?<\/strong><\/h2>\n

With Chainlink manoeuvring towards the V0.2 upgrade, LINK is currently trading at a market price of $10.29 (representing a 24-hour change of +1.04%).<\/p>\n

At the time of writing LINK price appears to be shifting into minor localised retracement, with price down -7.53% from a local high of $11.06 over the last 6 hours.<\/p>\n

The sudden move, triggered by the update from the Chainlink Foundation, coincided with a crucial push back above the ascendant 20DMA over the weekend.<\/p>\n

This comes following the emergence of a ‘golden cross’ pattern on September 29.<\/p>\n

With price trading on a break-out, LINK could now find lower support at the $9.50 level.<\/p>\n

Meanwhile, LINK’s indicators are reflecting the dramatic move, with the MACD showing bullish divergence at 0.281.<\/p>\n

However, warning signs are appearing on the RSI indicator, which has overheated with serious bearish divergence to an extremely over-bought signal at 81.25.<\/p>\n

The over-heated RSI highlights that price is due retracement – looking at the last three times the RSI moved above 70, on September 30 (before a -13.95%), on July 20 (before a -34%), and on April 18 (before a -45%).<\/p>\n

This suggests a mean average retracement of -30%, a move that would see LINK return back to recent double-bottomed support at $7.25.<\/p>\n

Overall, LINK seems vulnerable to a retracement here, while it has shown strength on the break-out, the screaming RSI cannot be ignored.<\/p>\n

This leaves LINK with an upside target at the local high around $11.06 (a potential +7.18%).<\/p>\n

While downside risk could see LINK return to double-bottomed support at $7.25 (a possible -29.6%).<\/p>\n

This leaves Chainlink with a short-time frame risk: reward of 0.24 – a bad entry characterised by poor upside potential.<\/p>\n

Yet, while Chainlink is fighting to hold recovery footing, a new meme coin presale is stealing the attention of markets.<\/p>\n

$650K Raised – Could Meme Kombat Become the Hottest Meme Coin of November 2023?<\/strong><\/h2>\n

Meet Meme Kombat, a trailblazing initiative that has seamlessly blended the memetic love of nostalgic gaming, and GambleFi, into a decentralized Web3 platform.<\/p>\n

So, what makes Meme Kombat tick, and why should potential investors keep a keen eye on this presale?<\/p>\n

The essence of Meme Kombat lies in its captivating arena where characters aiming to tap into deeply tribal crypto communities lock horns.<\/p>\n

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Players have the liberty to place their bets on these animated battles, predicting the outcomes and possibly reaping attractive rewards.<\/p>\n

With a sturdy promise of Season 1 showcasing 11 distinct meme characters, there’s no shortage of action, and Season 2 is already on the horizon for December 2023.<\/p>\n

The decentralized nature of the project, combined with the thrill of AI-driven battles, ensures that the outcomes are both transparent and unpredictable – every battle is a new experience, ensuring players stay engaged.<\/p>\n

Delivering GameFi to Crypto Rivalries in Dramatic Fashion with Staking<\/strong><\/h2>\n
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The project isn’t just about excitement; it’s built on a foundation of trust – Meme Kombat’s commitment to transparency is evident through initiatives like the impending security audit of their smart contract.<\/p>\n

The findings of this audit will soon be public, a move that many projects shy away from.<\/p>\n

The founder and project lead, Matt Whiteman, isn’t an unknown entity in the crypto space.<\/p>\n

His experience spanning two decades in process design, combined with his position as the COO of North Technologies, adds credibility to Meme Kombat.<\/p>\n

When so many projects hide behind the veil of anonymity, Whiteman’s open profile and the project’s physical address in Amsterdam offer an extra layer of trustworthiness.<\/p>\n

The tokenomics of Meme Kombat is also an appealing factor for potential investors – Stake the Meme Kombat ($MK) token, priced attractively at $1.667, and dive into a rewarding ecosystem.<\/p>\n

With a generous APY of 112%, stakers not only benefit from passive income but can also use their staked tokens to place bets in the arena – this dual functionality \u2013 earning while gaming \u2013 sets Meme Kombat apart.<\/p>\n

Intriguingly, engagement on the platform directly influences the income one can earn, so, the more you participate, the more you stand to gain.<\/p>\n

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With the GambleFi industry booming following coins like Rollbit, Meme Kombat seems poised to tap into this lucrative market with its innovative approach.<\/p>\n

By merging memes, gaming, and blockchain, the platform is presenting something fresh to the crypto community.<\/p>\n

For those looking to diversify their portfolio with a unique offering, Meme Kombat seems like an opportunity too good to miss – so, don’t be left behind (stay tuned with the MK Telegram).<\/p>\n

Embrace the future of meme-based gaming and betting with Meme Kombat.<\/p>\n

Buy Meme Kombat Here<\/strong><\/p>\n

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<\/p><\/div>\n