Indeed, two weeks ago was one of the best weeks in the crypto space as investors that got in on Stellar (XLM) and Chainlink (LINK) made a fortune as both tokens rallied upward.
The bullish breakouts for both tokens were primarily driven by the US court ruling that Ripple (XRP) is not a security in the two-year-long battle between the United States regulator, SEC and Ripple (XRP)
With XRP’s status now confirmed, the regulatory uncertainty surrounding the industry is clearing, which is allowing tokens like Stellar (XLM) and Chainlink (LINK) to pump.
Stellar (XLM) and Chainlink (LINK): How High Can They Go?
As the announcement of a court ruling in favor of XRP in the XRP vs SEC was made on July 13, 2023, XRP surged by over 70% in a week. Other tokens that rode the Ripple wave were Stellar (XLM), the fork of Ripple and Chainlink (LINK).
Stellar (XLM) is a cryptocurrency payment gateway that was founded in 2014 to create an accessible and user-friendly global payment system. As it is a fork of XRP, the price of XLM has often moved in sync with XRP’s price over the years. So it’s no surprise XLM matched XRP’s pump percentage.
Unlike XLM, LINK began its rally about 4 days later with the launch of its Cross-Chain Interoperability Protocol (CCIP) on its mainnet. Chainlink also announced integration with DeFi lending protocols Aave and Synthetix.
Now, to speculate on how high XLM and LINK can go, let’s consider their all-time highs (ATH). For XLM to reach its previous ATH of $0.9381, a 5.78x increase is required from its current price of $0.1623. Similarly, for LINK to reach its ATH of $52.88, a 6.73x increase is needed from its current price of $7.85. Achieving these levels is not impossible but the chances of that happening in the near future is low.
While some investors are still in awe of the recent pump, many are leveraging their gains to diversify their portfolios with a new meme coin, Anarchy (ANA).
Why are they betting on Anarchy for more gain? You might want to grab a popcorn for this.
Something huge is coming.
If you see this 👀
Then your early! pic.twitter.com/HssZ4ywwrJ
— ANARCHY (@anarchycoineth) June 10, 2023
About Anarchy
Despite the numerous innovations made in the crypto space since its inception, there are still significant hurdles for individuals to overcome in order to abandon the corrupt traditional finance (TradFi) system and embrace decentralized finance.
Anarchy aims to bridge this gap and create a unique opportunity to assist people in transitioning smoothly through its DAO – a revolutionary way of organizing individuals to build a global society that prioritizes the improvement of its members.
Anarchy vs Traditional Finance (TradFi)
Remember the rigorous process you had to go through during registration to become a bank user? Well, Anarchy aims to spare you from such hassle. Becoming a member of the Anarchy community is as simple as purchasing $ANA tokens, the utility token for Anarchy. By holding $ANA, you become a member and gain access to various perks and decision-making opportunities.
Unlike TradFi, where decision-making often favors monopolies, Anarchy ensures fairness by granting equal voting rights regardless of the number of $ANA tokens you hold. However, it’s worth noting that holding more $ANA can lead to greater profits if the token’s price appreciates.
Like TradFi, Anarchy charges fees on transfer and sell orders, but unlike the traditional system where these fees go into the pockets of financial institutions, a generous 4.5% of $ANA fees go into the DAO treasury to support community-driven initiatives. Additionally, 0.5% of those fees are permanently burned, reducing the total supply of $ANA over time and creating a sense of exclusivity for $ANA holders.
Anarchy is far more than just a meme coin, it offers unique opportunities which have made Stellar (XLM) and Chainlink (LINK) investors to sell their holdings and bag Anarchy (ANA) in the ongoing presale.
Buy $ANA
Records are being made in the ongoing $ANA presale with over $2 million raised. Investors are not showing signs of slowing down as the presale enters its second stage with $ANA available at $0.00024.
The potential for ANA to deliver significant returns is evident, waste no time and secure some $ANA bags today.
Anarchy Website Anarchy Twitter Anarchy Telegram
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.