This week has seen significant developments in the cryptocurrency sector worth noting. Key highlights include the launch of Tether.ai, Chainlink's activity, and BlockDAG's achievements.
Tether.ai's Focus on Privacy
Tether has launched Tether.ai, a decentralized AI platform aimed at reshaping the operation of artificial intelligence within financial systems. This new initiative operates as open-source software, utilizing peer-to-peer infrastructure, allowing users to maintain control over their data. CEO Paolo Ardoino emphasized the vision of removing single points of failure and returning data control to users.
Long-Term Confidence in Chainlink
Chainlink (LINK) is currently trading in the range of $10.80 to $15.97, with on-chain data indicating that exchange reserves are steadily declining. This typically signals that holders are transferring LINK to private wallets rather than preparing to sell, suggesting long-term confidence. Technical analysts believe such signals, along with other bullish indicators, may suggest the possibility of price growth towards $29.
BlockDAG's Strategy and Achievements
BlockDAG is noted for its transparency and recently launched a new podcast series where it shares information about its plans and achievements. The project has raised over $233 million and sold 19.9 billion BDAG coins. The team has completed a CertiK audit and is preparing for exchange listings. They also sold over 17,375 mining devices, generating more than $7 million in sales.
This week, Tether aims to bridge its AI capabilities with blockchain, Chainlink shows signs of long-term holder confidence, and BlockDAG highlights significant transparency. These developments may greatly influence the future of the cryptocurrency market.
