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Chainlink (LINK) Hits a Fresh ATH After 3 Years of Trading Sideways

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Chainlink hits a fresh All-Time High as its smart contract-based blockchain platform extends its services in all the dimensions possible. In one such recent news about Chainlink’s integration for a smart way of interaction through SMS messaging with the help of the Conflux Network. Here, Chainlink will be a throughput for a messaging gateway using the decentralization of the LINK platform, making interaction easy and effective with decentralized blockchain.

The recent developments and integrations of the Chainlink platform have led to immense recognition and social media presence of LINK, which otherwise was not as hyped as it is now. As per the LunarCRUSH Social Listening for Cryptocurrencies, Chainlink is ranked 1st amongst the top 5 altcoins of the market, on the real-time board of altcoins rankings based on social engagement, social volume and % change.

This rank points out the social activity, price-performance against Bitcoin, leading to an increased trading volume of the altcoins due to a spurring price and the fresh ATH.

Chainlink, as per the recent price action, is believed to be an investment of the long-term and not just limit to a short-term investment due to recent ATH around $8.5. No doubt, the short-term gains cannot be ignored, but the long-term profit sticks untold as per the developments and growth of the network.

Chainlink Price Analysis

Chainlink News
LINK/USD Chart By TradingView

On the weekly chart, Chainlink has hit a recent ATH above $8.5 and has gained enough momentum in the ongoing year. LINK/USD at the press time was seen trading at $7.72 with expanding volatility as per the laid 20-day Bollinger Bands. The current spike in price is completely supported by the 50-day MA at $3.069. However, long-term investment is the only key to profit and financial freedom in terms of crypto, and a thoughtful investment is a must.

Moreover, LINK was always trading sideways over the past three years now and was almost ignored in terms of profit-making investments. And in the ongoing year, Chainlink has been enticing massive integrations with price spiking infrastructure built.

The technicals are overwhelming at this point in time due to the recent spike, and the MACD chart is drawing a complete positive crossover with the RSI lying at 81.57, showing increased demand due to the recent ATH.

Source: https://www.cryptonewsz.com/chainlink-hits-ath-after-3-year-of-sideways-trading/

Blockchain

Cryptocurrency could revive Latin America

Cryptocurrency trends suggest that within 10-years Latin America’s economy could completely transform. Latin America’s crypto trading scene is booming with Brazil yards ahead of everyone else, followed by Venezuela, Argentina, Mexico and Colombia. Many Latin Americans depend on DAI and USDC stable coins to save and in Mexico, 5% of the U.S. remittances came from […]

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  • Cryptocurrency trends suggest that within 10-years Latin America’s economy could completely transform.
  • Latin America’s crypto trading scene is booming with Brazil yards ahead of everyone else, followed by Venezuela, Argentina, Mexico and Colombia.
  • Many Latin Americans depend on DAI and USDC stable coins to save and in Mexico, 5% of the U.S. remittances came from Bitcoins.

Cryptocurrency could revive Latin America

Cryptocurrency could revive the Latin American community. Current trends from digital payments such as Bitcoin in the case of Latin America suggest that within 10-years Latin America’s economy could completely transform.

Chain analysis released data showing cryptocurrency usage increasing in Latin America. Latin America’s crypto trading scene is booming with Brazil yards ahead of everyone else, followed by Venezuela, Argentina, Mexico and Colombia.

Many Latin Americans depend on DAI and USDC stable coins to put away their savings and in Mexico’s case, 5% of the U.S. remittances came from families sending over Bitcoins.

Latin Americans Turn to Bitcoin as Local Fiat Currencies Plunge

The figures here show how P2P trading has risen in contrast to the depreciation home currency.

One key factor contributing to cryptocurrencies popularity is the lack of access to financial services. The permissionless payments and reputation based digital identities are filling the financial service whole.

Digital services make it easier for people to transact both regionally and globally and use a QR code or online signature to prove their identity.

What the future of Latin America could look like

The potential growth of the online world in Latin America could help serve the underserved community in multiple ways. The innovation could also inspire innovators to host their classes online and allow people to pay from anywhere in the world using Bitcoin.

Such out of the box thinking would be nothing new as Latin America is leading the world in mobile phone usage and development so, are more likely to operate online.

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Analysis: ETH Miners Begin Selling as Twitter Sentiment Turns Bearish

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Recent data revealed that Ethereum miners have disposed of significant ETH holdings following the latest price jump towards $420. Additionally, the Twitter sentiment has turned rather bearish for the second-largest cryptocurrency after the consequent price drop.

ETH Miners Initiate Sell-Offs?

Ethereum miners, the lifeblood of the current proof-of-work consensus algorithm behind the Ethereum blockchain, have perhaps gained the most from the ongoing decentralized finance craze.

As CryptoPotato reported recently, they made a total of $166 million in fees in September alone. This was a new monthly all-time high and about six times more than Bitcoin miners.

ETH Miners Behavior. Source: Santiment
ETH Miners Behavior. Source: Santiment

As far as their balances go, they began accumulating larger portions precisely at the start of September, as the graph above illustrates. Apart from a few brief drops in their holdings, the trend continued until a few days ago.

However, as ETH’s price surged to a 7-week high of $420, miners changed their minds. The data analytics company Santiment highlighted the massive drop of ETH miners’ holdings.

Interestingly, those sell-offs coincided with ETH’s price peak. Since then, the second-largest digital asset by market cap has lost some steam and currently trades below $400.

Further Losses To Come?

Despite being one of the best-performing assets since the start of the year, Santiment’s data suggested that Ethereum may be heading even further south. Apart from miners disposing of their ETH coins, the analytics company said that the traders FOMO and the increased on-chain activity visible recently have slowed down.

Additionally, the Twitter sentiment has turned against Ethereum. Somewhat expectedly, the sentiment performs in correspondence with the price most times. For example, when ETH dipped to about $300 in September, the metric remained in negative territory for weeks.

Contrary, when ETH started pumping, so did the sentiment. Now, the trend has reversed after a sharp spike. The analytics company concluded that since the crowd sentiment has flipped back into bearish territory, the ETH token could be in for further short-term price declines.

Ethereum Twitter Sentiment. Source: Santiment
Ethereum Twitter Sentiment. Source: Santiment
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Source: https://cryptopotato.com/analysis-eth-miners-begin-selling-as-twitter-sentiment-turns-bearish/

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META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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[PRESS RELEASE]

Boca Raton, Florida, ChainWire – October 27, 2020 Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights.

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom.

meta1

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty.

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions are dropped or settled. If similar actions were perpetrated by non-governmental entities, there would be a basis for legal claims and damages, however government agencies are shielded by sovereign immunity laws which generally protect them from lawsuits.

Since legal actions by government agencies are sporadic, as they often involve disparate parties and lengthy investigations, the cumulative effect of their efforts is usually not seen by causal observers. META 1 will collaborate with other cryptocurrencies who have been targeted for baseless legal claims by government agencies to develop a class action-level case file that will demonstrate the cumulative actions of government agencies in an easy-to-view, compiled format.

META 1 Coin Trust will form a commission, in partnership with other cryptocurrencies, to formally research and study the results of findings via expert interviews and legal research. Once the findings are documented, legal counsel will be consulted about possible class-action efforts to potentially seek remedies from cumulative damages incurred as part of a clear pattern of targeted abuse and persecution.

Dunlap added, “We hope that government agencies will notice our efforts to highlight their unfair targeting of cryptocurrencies, so they stop these unethical tactics and allow the crypto community to live and conduct business in peace without the threat of constant harassment. We respect governments’ need to ensure law and order and to protect people’s safety. At the same time, we expect governments to also respect the individual liberties and livelihoods of law-abiding people, which is currently the issue we’ll be investigating.”

META 1 encourages any cryptocurrency issuers or coin holders who have been subjected to government agency actions in the past to contact META 1 to be a part of this study, via the company’s website contact page at:

www.meta1.io/META1Contact

About META 1 Coin Trust:

META 1 is an asset-backed cryptocurrency that was founded by crypto visionary Robert P. Dunlap with the intention of promoting the concepts of abundance and equity in the service of humanity. As part of its mission, META 1 actively advances the cause of human rights and leads the fight against excessive government regulation and overreach in the jurisdiction-less ecosystem of global cryptocurrency.

META 1 is also a socially conscious company that envisions a future filled with abundance and prosperity for humanity instead of overreaching lockdowns, taxation and regulations.

For more information about META 1 Coin Trust, visit: www.meta1.io

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Source: https://cryptopotato.com/meta-1-coin-trust-announces-commission-to-study-global-persecution-of-cryptocurrency-projects/

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