The cryptocurrency market continues to draw investor scrutiny. Recent events include a setback for Chainlink, the resilience of Toncoin, and new initiatives from Unstaked. We will examine each of these situations in more detail.
Chainlink's Glitch Causes Market Drop
Chainlink (LINK) encountered a significant glitch in its oracle service, leading to over $532,000 in losses due to liquidations. Consequently, LINK's price fell by 7.77%, currently trading around $14.54, after previously reaching around $16. While a full statement regarding the issue has yet to be issued, concerns are rising about the reliability of the service in the DeFi sector. Despite this, LINK's overall market cap remains solid at $9.56 billion, with support at $13.86 and resistance near $16. Investors are monitoring for a potential price recovery.
Toncoin Aiming for $5.16 Target
Toncoin (TON) is demonstrating resilience after breaking above a downward trendline that had been in place since mid-2024. Currently priced at $3.33, it has seen a weekly gain of 5.62%. A significant increase in trading volume by over 680% in recent days indicates renewed interest in the Toncoin ecosystem. Key resistance levels to watch are $3.96, $4.64, and $5.16. If TON continues to hold above $3.30, analysts believe it could embark on a trajectory similar to Solana or Avalanche following their successful breakouts.
Unstaked: Platform with 3,000x Growth Potential
Unstaked is developing one of the most promising AI platforms in the crypto space, focusing on automating Web3 growth. It features intelligent, no-code agents designed to manage communities and content on Telegram, X, and Discord. Agents will be able to automate engagement and scheduling without requiring technical skills. The current presale price is set at $0.01139, and it has already raised over $9.7 million by selling 1.1 billion tokens. With 60% of the total supply locked in the presale and a future valuation estimated at $0.1819, Unstaked presents a significant growth potential.
Chainlink (LINK) is experiencing challenges, drawing increased attention from traders. Toncoin (TON) continues to demonstrate growth as it aims for $5.16. Meanwhile, Unstaked garners significant attention due to its innovative platform. The expected developments of such projects may have a noticeable impact on the market in the near future.
