Will Chainlink Meet Its Demise?

On the 8th of July, a most inauspicious day, traders congregated to seal LINK’s fate, their bearish sentiments echoing through the hallowed halls of CoinGlass 🏰.

On the 8th of July, a most inauspicious day, traders congregated to seal LINK’s fate, their bearish sentiments echoing through the hallowed halls of CoinGlass 🏰.
Apparently, the monthly outflow/inflow ratio has dropped to 0.9, which is a big deal. It means people are feeling good about Bitcoin again and are accumulating it like crazy.
Coinbase is investing hundreds of thousands of dollars on advertisements to get to lawmakers and the people. The advertisements will be spread in the big newspapers such as the Wall Street Journal and the Washington Post. Video advertising will also be aired on such platforms as X and Facebook.

Enter Toji (@TradeToji), star chartist and probably someone’s favorite cousin, reporting a bullish “continuation pattern” on the short-term charts. Yes, HBAR has heroically clambered back above the age-old battle zone of $0.154–$0.156, a place previously swarming with, er… *demand* (and despair).
The ever-vigilant Dawn newspaper, in an act of journalistic heroism, proclaimed PVARA an “independent regulator.” What freedom! Provided you toe the lion’s share of rules fished up from the depths of FATF, IMF, and World Bank. Independence, it seems, wears handcuffs—silk-threaded and golden, of course.

Above $106,000, this coin’s got less excitement than an Okie town at noon—volatility so quiet you could play horseshoes in the street. Enter Doctor Profit (yes, that’s his given name in these parts, apparently), known to some, beloved by few, and tolerated by many. He shakes dust from his coat and offers two possible fates for our digital darling—a bit like a preacher giving you heaven or hell, but with more charts and fewer hymns.

Amp (AMP) has dropped to a whopping $0.0033 on Tuesday, down by over 77% from its highest level in November last year. Its market cap has slipped from over $965 million to a mere $283 million today. Yeah, that’s a pretty big ouch 😳.

This new messenger, which Dorsey, with a touch of his characteristic flair, calls “bitchat,” operates not through the conventional channels of the internet or phone numbers, but through the humble Bluetooth Low Energy (BLE) mesh networks. 📱🔗
But alas, not all share this optimism. The naysayers, those Cassandras of the crypto world, foretell a reckoning, a great correction that shall shake the very foundations of the market. And yet, the Bitfinex analysts, undeterred by the doubters, insist that the bias of the market leans towards the upside, like a tipsy reveler stumbling towards the punch bowl.

Ripple (XRP) was trading at a cool $2.30 on Tuesday, June 8, up by over 20% from its lowest point in June. That’s what I call a fine day for a crypto enthusiast! 🎉