In BNB (BNB) news and Chainlink (LINK) news, it looks as though the BNB price and LINK price are rising in the 2024 bull market – much to the pleasure of BNB and LINK investors!
BNB and LINK are some of the most well-known cryptocurrencies throughout the blockchain space. Fame does not always equal spikes in value, and as of recently, both of these cryptos have showcased incredible performance. But how far can it go when their market caps are so high and others are so low?
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BNB (BNB) and Chainlink (LINK)’s Weekly Performance and Future Outlook
BNB (BNB) is the native cryptocurrency utilized on the Binance platform and ecosystem and was historically known as the Binance Coin.
As of March 12, 2024, the BNB (BNB) cryptocurrency was trading at $504.40. In the last 24 hours, the value of the BNB (BNB) cryptocurrency saw an increase of 0.67%.
When looked at from the perspective of its performance within the previous seven days, however, the cryptocurrency saw an increase in value by 24.14%.
Based on this, the future of BNB is volatile, and the value can swing in either direction, leading to a high level of uncertainty.
Another competing cryptocurrency, Chainlink (LINK), was trading at $21.27 on March 12, 2024.
In the last 24 hours, it saw an increase of 1.97%, while in the last seven days, it saw an increase of just 8.4%.
While it has been in the green zone, these are still not percentage differences indicating solid momentum or future growth. At times such as these, investors and traders will typically diversify with alternative tokens.
InsanityBets (IBET) Set to Deliver Biggest Gains of 2024?
InsanityBets (IBET) is one of the latest projects to enter the blockchain space and aims to establish a cross-chain gaming and gambling platform.
Unlike traditional platforms, however, on InsanityBets (IBET), users can use cryptocurrencies and non-fungible tokens (NFTs) as collateral when making bets against the house or against other players.
The InsanityBets (IBET) platform will also feature its own dedicated marketplace for non-fungible tokens (NFTs) that will not charge any gas fees.
There are numerous games being developed for the broader ecosystem, and the three ones that are prototyped include Coin Flip, Rapid Chess, and Dice.
IBET is the native token within the ecosystem and has numerous use cases, including:
- The holders of IBET can vote on upcoming games.
- Those that stake IBET can get 85% of the profits generated in game losses
- IBET holders can also participate in the $ILP betting pool on the side of all main pool bets. Become the house and gain the profits.
How to Diversify Your Cryptocurrency Portfolio Away From Large Caps To Small Caps
While BNB (BNB) and Chainlink (LINK) are solid cryptocurrencies and are well-respected in the Web3 space, their recent performance has been minimal.
Projects in their presale phase, such as InsanityBets (IBET), allow investors and traders to diversify through a blockchain-based project that can assert itself as a dominant leader within the Web3 space.
InsanityBets (IBET) is also discounted during its presale phase compared to the anticipated launch price, $0.001 to $0.018.
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