Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
Has Also Written
Last updated:
May 2, 2025
WEMIX, the native cryptocurrency of South Korean gaming firm Wemade, saw its price plunge over 60% following a devastating announcement from the Digital Asset eXchange Alliance (DAXA) that it will be delisted from all major domestic exchanges by June 2.
한국의 주요 5개 거래소가 6월 2일부터 WEMIX 거래를 중단할 예정이며, 이로 인해 토큰은 60% 이상 급락하여 $0.2757에 이르렀다가 약 $0.36으로 반등했습니다. 이는 WEMIX의 두 번째 집단 상장 폐지입니다. DAXA 거래소 동맹은 상장 기준 미달을 이유로 들었습니다. 一 링크 한국의 주요 5개…
— WuBlockchain News Korean (@WuBlockchainKR) May 2, 2025 The decision marks the second time WEMIX has faced delisting within South Korea’s notoriously cautious crypto environment.
The delisting follows a February cyberattack in which more than 8.65 million WEMIX coins, valued at around 9 billion won (approximately $6.2 million), were illicitly withdrawn from Wemade’s Play Bridge Vault, a critical component of its Web3 infrastructure.
DAXA deemed the breach inadequately explained, and the WEMIX Foundation failed to satisfy key transparency, disclosure, and user compensation compliance standards.
DAXA, which comprises five major Korean crypto exchanges: Upbit, Bithumb, Coinone, Korbit, and Gopax, announced that all trading support for WEMIX will cease at 3:00 PM KST on June 2. Withdrawal functionality will remain available until July 2.
The move was particularly consequential because Korea remains WEMIX’s most significant liquidity and trading volume market.
Source: CryptonewsWEMIX’s price collapsed nearly 60% on the news, falling from 1,200 won ($0.85) to just over 400 won within hours. Shares of Wemade were similarly affected, tumbling 17.45% in a single day to close at 23,650 won.
Delisting Decision Deepens Regulatory and Security Woes, Affects WEMIX PriceDAXA’s rationale for the delisting was firmly rooted in its description of Wemade’s ongoing failure to meet the standards necessary for maintaining trading support.
“Despite the foundation’s explanatory data, the cause of the security breach and investor compensation plans remain unclear,” DAXA stated.
The alliance conducted multiple reviews in March and April following the February hack, during which WEMIX had already been placed on a warning list.
Ultimately, however, the regulators determined that neither the incident nor the risks to investors had been sufficiently addressed.
Wemade’s response was to propose a token buyback initiative to absorb circulating WEMIX and burn (incinerate) the tokens to restore market trust.
WEMIX Buyback Execution
To swiftly recover from the impact of the WEMIX PLAY Bridge incident and restore the stability of the service and ecosystem, the #buyback execution begins today.🔄
The buyback method and the exchanges where the buyback was conducted will be disclosed… pic.twitter.com/KU6XCWYz8U
— WEMIX (@WemixNetwork) March 14, 2025 While this plan was made public, DAXA was unconvinced of its effectiveness or sincerity.
The February hack, which affected the Play Bridge Vault used for cross-chain token transfers, highlighted vulnerabilities in Wemade’s infrastructure.
Despite immediate disclosures by the company, DAXA flagged a lack of timely and transparent communication.
The security lapse was particularly troubling because WEMIX underpins multiple blockchain-based games and DeFi applications within Wemade’s ecosystem.
This is not the first time the company has had to weather such storms. In 2022, WEMIX was initially delisted from Korean exchanges, only to be reinstated the following year.
That prior delisting was also due to concerns over token supply disclosures.
A Strategic Setback With Global ImplicationsThe delisting’s domestic impact cannot be overstated. With Korean exchanges responsible for most of WEMIX’s trading volume, losing liquidity and investor access in its home market is critical.
Even though WEMIX remains tradable on certain overseas platforms like Bitget and Bybit, trading volumes on those exchanges are minuscule compared to South Korea’s concentrated crypto ecosystem.
Moreover, re-listing on domestic exchanges is now barred for at least a year under current regulatory guidelines.
Wemade has vowed to continue expanding its blockchain initiatives globally, hinting at new exchange listings outside of Korea to mitigate the impact of the delisting.
Statement for the WEMIX Community
In response to DAXA’s recent decision to end support for #WEMIX transactions,
we sincerely apologize to our community.
We remain firmly committed to the integrity, growth, and global future of WEMIX.
📢 Official announcement here :… pic.twitter.com/K28EWf94jU
— WEMIX (@WemixNetwork) May 2, 2025 However, without robust domestic support and still recovering from reputational damage, those efforts face uphill challenges.
With its ecosystem’s key token removed from its strongest market, the company will have to navigate technical or regulatory challenges and a fundamental crisis of trust among investors and users alike.
The future of Wemade’s blockchain ambitions may now hinge on how it restores faith after its second major delisting.
WEMIX Faces June 2 Delisting After Court Ruling – Can the Gaming Token Bounce Back?
Hassan Shittu
Journalist
Hassan Shittu
Part of the Team Since
Jun 2023
About Author
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
Has Also Written
Last updated:
May 30, 2025
South Korean gaming firm Wemade is preparing for a new chapter after a Seoul court rejected its bid to stop the delisting of its cryptocurrency, WEMIX, from major domestic exchanges.
On May 30, the Seoul Central District Court dismissed Wemade’s injunction request to block the termination of WEMIX trading support. The decision clears the way for the full delisting of the token from local exchanges by June 2.
WEMIX to Be Delisted by June 2 After Seoul Court Rejects Wemade AppealThe ruling comes months after the Digital Asset eXchange Alliance (DAXA), a consortium of five major Korean exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—announced that WEMIX would be removed following a February security breach.
The hack saw over 8.65 million WEMIX, worth around 9 billion won ($6.2 million), illicitly withdrawn from the company’s Play Bridge Vault, a key part of its Web3 infrastructure.
DAXA said Wemade failed to meet transparency and user protection standards after the incident. The foundation’s explanations and compensation plans were deemed insufficient.
“Despite the foundation’s explanatory data, the cause of the security breach and investor compensation plans remain unclear,” DAXA stated in its decision.
The exchanges flagged the project for review in March and April. By May, the group moved forward with a delisting plan, ending all trading support by June 2 at 3:00 p.m. KST. Withdrawal services for WEMIX holders will continue until July 2.
Wemade challenged the move in court on May 9, calling the decision unfair and filing for an injunction. However, with the court ruling against the firm, the delisting will proceed as planned.
WEMIX Apologizes to Users, Commits to Security Upgrades and Ecosystem StabilityIn a public statement following the court’s decision on May 30, the WEMIX team expressed regret but promised to move forward.
“The WEMIX team is very sorry about the result of this injunction application, but we respect the court’s decision,” the statement read.
The company acknowledged the damage caused by the Play Bridge Vault hack and the resulting fallout. It also apologized to its users and community, promising to improve security and maintain operations across its blockchain gaming ecosystem.
“We have implemented measures to strengthen security and prevent recurrence,” the team said. “We have actively responded to resume services and stabilize the ecosystem.”
WEMIX serves as the core currency across Wemade’s blockchain-based gaming and DeFi platforms. The loss of local exchange listings poses a major challenge for the firm, though it has faced similar hurdles before.
WEMIX Delisting Deals Major Blow to Korean Trading, Re-Listing Blocked for One YearIn 2022, WEMIX was also delisted over token supply disclosure concerns, only to regain listings the following year.
Now, the team has indicated its determination to overcome the setback once again.
“No external factors can undermine the will of the WEMIX team to sustain and grow the WEMIX ecosystem,” the company said. “We will proceed with the planned business without a hitch and provide real value through games and services based on WEMIX.”
While details remain limited, the company said it would soon release short- and long-term plans to address the delisting and stabilize the ecosystem.
Despite recent setbacks, the WEMIX team appears committed to rebuilding.
With trading ending in just days and withdrawals closing in July, the next few weeks will be decisive for Wemade as it attempts to retain user trust and chart a path forward in global markets.
The impact of this delisting on WEMIX in South Korea is huge. Korean exchanges handled most of WEMIX’s trading volume, so losing access to local liquidity and investors is a major blow.
While WEMIX is still available on overseas platforms like Bitget and Bybit, those exchanges see very little trading compared to South Korea’s tightly concentrated crypto market.
To make matters worse, current regulations mean WEMIX can’t be re-listed on Korean exchanges for at least a year.
On June 1st, 2025, WEMIX hit rock bottom at $0.195 — its lowest price in a year. But just a few days later, by June 5th, it had already bounced back to $0.454 before dipping slightly again.
So, what caused that sharp drop in the first place? And where could WEMIX be headed next — later this year and even five years down the line? Instead of guessing, let’s take a closer look at our WEMIX price prediction.
What is WEMIX? WEMIX is a blockchain platform designed to bring gaming and crypto together in a way that actually makes sense. It’s built for players who want more than just fun — here, you can truly own your in-game items, earn tokens while playing, and move assets between different games without losing control.
The WEMIX (WEMIX) token powers everything in the ecosystem: you can use it to buy items, stake it to earn rewards, vote on platform decisions, or tap into DeFi tools like swaps and lending. The tech behind it is fast and cheap to use, which means smooth gameplay and quick transactions — no waiting around or wasting money on gas fees.
On top of that, WEMIX includes a growing lineup of blockchain games, an NFT marketplace, a crypto wallet, and tools for developers to build more.
What is the WEMIX crypto price prediction, and is WEMIX a good investment?
WEMIX coin price prediction: general outlook As of June 23, 2025, WEMIX is trading at $0.425. Over the past month, the token has gained around 10.5%, with a 2.5% rise in the last week alone. However, it dipped slightly by 0.2% in the past 24 hours.
Despite the recent recovery, WEMIX is still down more than 98% from its all-time high of $24.68, reached back in November 2021.
WEMIX 1-day chart, June 2025 | Source: crypto.news The sharp drop to $0.195 in early June 2025 was largely triggered by a major setback: five of South Korea’s leading crypto exchanges — Upbit, Bithumb, Coinone, Korbit, and Gopax — jointly announced the delisting of WEMIX. Coordinated by the Digital Asset Exchange Association (DAXA), this decision took effect on June 2, giving users until early July to withdraw their holdings.
Going forward, the token’s performance will depend on key factors like the growth of its GameFi and NFT ecosystem, the impact of deflationary tokenomics, ongoing regulatory pressure, recovery from a $6M hack in March, and how well the team maintains community engagement and trust.
What’s on the horizon for the WEMIX token? Let’s look at the WEMIX price prediction for 2025 and beyond.
According to CoinCodex’s WEMIX price prediction, the token could see a modest bump of about 4.5%, possibly hitting around $0.43 by mid-July 2025. They also say WEMIX might swing anywhere between $0.41 and $2.79 throughout the year — so expect some ups and downs.
As of June 20, the vibe around the WEMIX price forecast is pretty mixed: 17 technical indicators are leaning bullish, while 12 are on the bearish side.
DigitalCoinPrice is a bit more optimistic, thinking WEMIX might even briefly beat its old high of $24.68 sometime in 2025 before settling down between $0.85 and $0.91.
Wallet Investor thinks WEMIX could reach as high as $4.10 by the end of the year.
Will WEMIX go up or down in five years?
WEMIX price prediction 2030 According to Wallet Investor’s expectations, WEMIX’s price could drop significantly, potentially reaching as low as $0.0373 by June 2030.
DigitalCoinPrice’s projections for WEMIX are more positive, suggesting the token could trade between $1.98 and $2.29 by the end of the decade.
CoinCodex’s WEMIX price prediction for 2030 estimates a range between $0.50 and $1.87.
Should you invest in WEMIX? Honestly, WEMIX is a bit of a rollercoaster. It’s bounced back from some serious lows, but it’s still miles away from its all-time high — and getting delisted from major South Korean exchanges definitely shook confidence.
Some predictions see it climbing again, while others warn it could drop even further in the long run. If you’re thinking about investing, make sure you’re okay with big ups and downs — and don’t put in more than you can afford to lose.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
[PRESS RELEASE – Singapore, Singapore, July 2nd, 2025]
WEMADE and Redlab Games are excited to announce the start of global pre-registration for <ROM: Golden Age>, the anticipated Web3 MMORPG, now available on the WEMIX PLAY platform and the official website.
<ROM: Golden Age> is the latest title from Redlab Games, creators of the acclaimed <ROM: Remember of Majesty>. This new game combines their signature RPG experience with cutting-edge blockchain technology and will officially launch this August in over 170 countries (excluding select regions such as Korea).
During the global showcase, the team introduced “RPG Tokenomics 3.0”—a next-generation Play-to-Earn (P2E) system that seamlessly links two unique tokens for a dynamic and rewarding player experience. The showcase also revealed key features and the game’s upcoming roadmap.
How to Join and What to Expect
Where to Register: Pre-registration is now open on the official WEMIX PLAY website and the official <ROM:Golden Age> game website. Pre-Registration Rewards: All players who pre-register will receive special in-game items, including Gold Random Boxes and Top-grade Monster Slates. Extra Benefits for WEMIX PLAY Members: Users who pre-register through WEMIX PLAY will receive a ticket to join the “Invite a Friend” event. For every friend invited who completes pre-registration, the users get additional raffle entries. Exciting Events and Rewards
Weekly Raffles: Every week until August 7th, players can win PLAY Tokens (usable on WEMIX PLAY), CROM Tokens (the game’s native currency), and other prizes. Additional raffle tickets are awarded for each friend who completes the sign-up process through an invitation, increasing the chances of selection with every successful referral. Milestone Rewards: As the total number of pre-registrations increases, everyone unlocks milestone rewards like ROM Buff Boxes and Enhancement Scroll Selection Boxes. Check-In Event: After pre-registering, log in to the official website to collect Pre-registration Coins. These coins can be used to craft a variety of rare items, such as ImperionGuaranteed Slates and Lucky Enhancement Scroll Boxes. Mission Event: Completing special missions can earn an additional 200 Pre-registration Coins, offering more opportunities to engage ahead of the launch. Developer Q&A: Upcoming Live AMA Events
The <ROM: Golden Age> development team will host three live AMA (Ask Me Anything) sessions during the pre-registration period. These sessions will offer participants an opportunity to:
Learn about the game’s unique tokenomics and how the Dual-token P2E system works Discover gameplay features and future plans Chat directly with the creators and get their questions answered Pre-Registration Now Open for <ROM: Golden Age>
<ROM: Golden Age> enters the pre-registration phase, marking a step forward in interactive, player-driven experiences. The campaign features early access rewards, community engagement events, and insights into the game’s tokenized ecosystem.
Further details are available on:
● WEMIX PLAY Pre-registration Page
● <ROM: Golden Age> Official Website
● <ROM: Golden Age> Official Discord channel
About WEMADE
WEMADE is a South Korea-based technology and gaming company with 25 years of experience in digital innovation. Best known for The Legend of Mir IP, WEMADE has expanded its vision through the WEMIX platform, which powers a global ecosystem of Web3 games, NFTs, DeFi, and token-based services.
The company is committed to building sustainable digital economies where developers, players, and partners can grow together in a secure and open environment.
PANews reported on August 1st that according to Coingecko data, six of the top 300 cryptocurrencies by market capitalization have seen monthly gains exceeding 100% over the past 30 days. The specific gains are as follows:
Zora (ZORA) rose 746.5% and is currently trading at $0.0698; Rekt (REKT) rose 208.3% and is currently trading at $0.0000008631; Conflux (CFX) rose 183.9% and is currently trading at $0.2114; Pudgy Penguins (PENGU) rose 134.4% and is currently trading at $0.03333; Ethena (ENA) rose 125.5% and is currently trading at $0.5862; Story (IP) It rose 102.7% and is now priced at $5.88. WEMIX (WEMIX) rose 94.6% and is now priced at $0.773. Convex Finance (CVX) rose 85.1% and is now priced at $4.14. Qubic (QUBIC) rose 82.1% and is now priced at $0.000002518. Bonk (BONK) rose 79.6% and is now priced at $0.00002554.
Author: PA一线
This content is for market information only and is not investment advice.
PANews reported on August 22nd that according to Korean media reports, the Seoul Central District Court has partially ruled in favor of Wemade in a damages lawsuit filed by former and current employees, ordering Wemade to pay approximately 9.939 billion won in compensation. The lawsuit was filed by 27 former and current employees in July of last year, seeking 16.176 billion won in damages, alleging that the company failed to fulfill its promise to pay employees the virtual currency WEMIX.
Wemade established a blockchain subsidiary, Wemade Tree, in 2018 and merged it with the company in 2022. Currently, the relevant functions are undertaken by the WEMIX Foundation.
PANews reported on May 20th that, according to SoSoValue data, the entire crypto market sector experienced a pullback. The RWA sector, which performed strongly yesterday, led the decline with a 3.13% drop in the last 24 hours. Within the sector, Centrifuge (CFG) fell 8.40%, while Ondo Finance (ONDO) and Pendle (PENDLE) fell 3.02% and 6.08% respectively. The GameFi sector fell 2.59%, with WEMIX bucking the trend and rising 2.01%.
In other sectors, the Meme sector fell 0.73% in the last 24 hours, but Banana For Scale (BANANA) surged 17.23% and Siren (SIREN) rose 8.27%; the Layer 1 sector fell 0.87%, while Algorand (ALGO) rose 7.52%; the CeFi sector fell 1.03%, with NEXO (NEXO) remaining relatively strong, rising 1.61% intraday; the DeFi sector fell 1.49%, with Morpho Token (MORPHO) rising 3.34%; the Layer 2 sector fell 1.80%, with Arbitrum (ARB) falling 2.74%; and the PayFi sector fell 2.41%, but Telcoin (TEL) rose 4.66%.
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Microsoft Corporation (NASDAQ: MSFT) between May 1, 2025 and January 28, 2026, inclusive (the “Class Period”), of the important August 11, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Microsoft common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Microsoft class action, go to https://rosenlegal.com/cases/microsoft-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 11, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Microsoft’s Copilot family of products had experienced significant brand positioning, user experience, usage, data siloing, computational capacity, organizational, and interoperability problems; (2) Microsoft’s flagship proprietary AI model ranked well below competitors on a number of benchmark tests; (3) Microsoft needed to increase by billions of dollars its capital expenditures and divert graphics processing unit (“GPU”) and central processing unit (“CPU”) capacity away from fulfilling demand for its profitable Azure services in order to improve the competitive positioning of its critical Copilot family of products and increase its AI-related research and development (“R&D”); and (4) as a result, Microsoft had failed to convert a significant percentage of its commercial Microsoft 365 users to paid Copilot subscriptions and Microsoft’s Copilot offerings had lost market share to rival products, a trend that was increasing. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Microsoft class action, go to https://rosenlegal.com/cases/microsoft-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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HANOI, Vietnam--(BUSINESS WIRE)--FPT Corporation today announced an expanded strategic collaboration with Microsoft aimed at accelerating enterprise AI adoption and co‑innovation across Asia, with a strong focus on ASEAN, Japan, and South Korea. The collaboration brings together Microsoft’s global AI platforms with FPT’s large‑scale delivery and regional market capabilities to support organizations as they move from AI experimentation to real‑world, scalable impact, with measurable business outcomes.
The collaboration aligns with FPT’s AI‑First strategy and Microsoft’s vision for human‑agent collaboration, with the goal of enabling enterprises to redesign how work is done across engineering, operations, and business functions.
Positioning FPT as an AI Frontier Company
As part of the collaboration, FPT will work closely with Microsoft as an AI Frontier Company - a new type of organization defined as human-led and agent-operated, seamlessly embedding AI agents into everyday workflows and core processes, while exploring early adoption of Microsoft’s next‑generation AI technologies and joint co‑innovation around generative and agentic AI. This includes early roadmap alignment, experimentation with emerging AI capabilities, and the development of reference architectures and industry showcases designed for enterprise scale.
Equipped with 30,000 AI-augmented engineers across its global presence, FPT is continuing to prioritize Microsoft platforms as part of its internal AI transformation, with a focus on Microsoft 365 Copilot and GitHub Copilot. As part of this journey, the Corporation is working toward equipping up to 20,000 developers with agentic development capabilities over the next three years, supporting the development of an AI‑augmented workforce and modern engineering practices in order to accelerate AI transformation for FPT’s global clients.
Through this elevated collaboration, which also serves as a pathway for more strategic future engagement models towards 2030, FPT aims to serve as a long‑term reference organization and early adopter of Microsoft’s AI platforms - demonstrating how enterprises can move beyond productivity gains to fundamentally redesign workflows around human‑AI collaboration.
“As enterprises move from AI experimentation to enterprise‑wide adoption, the challenge is no longer technology alone — it is scale, resilience, and execution,” said Nguyen Van Khoa, CEO of FPT Corporation. “Through our deepened collaboration with Microsoft, FPT is enabling global enterprises to accelerate AI transformation across different stages of maturity — from early exploration to AI-enabled workforce productivity and upskilling, to the integration of AI into core processes and fully AI‑native operations — strengthening cybersecurity readiness, accelerating cloud and recovery architectures, and improving cost efficiency through productivity‑led digital and AI transformation. We are committed to enabling clients to move faster, operate more intelligently, and scale AI capabilities wherever their business operates.”
Driving joint go‑to‑market impact across Asia and Supporting national AI ambitions
The collaboration between Microsoft and FPT also establishes a structured Pathfinder approach to deepen joint engagement across priority Asian markets. This includes executive sponsorship, joint governance, investment and coordinated market initiatives across regions, designed to help enterprises adopt AI in a practical, scalable, and repeatable way, as well as joint capability-building initiatives across leadership, sales, and delivery teams.
Together, the two organizations will focus on building AI adoption models that can be deployed across industries - supporting enterprises as they transition from isolated pilots to enterprise‑wide AI transformation, enabled by Microsoft’s technical expertise, enablement programs, and co‑innovation resources.
Mayank Wadhwa, President of Microsoft ASEAN, said: “Vietnam is stepping into a pivotal phase of AI adoption, where organizations are ready to scale beyond pilots and redesign how work gets done. AI Frontier organizations, human‑led and agent‑operated, will define this next chapter. By combining Microsoft’s trusted global AI platforms with FPT’s large-scale capabilities and deep engineering strength, we are helping Vietnamese enterprises accelerate this transformation with safety, responsibility, and real impact.”
The two sides are also aligned in supporting Vietnam’s ambition to become an AI Frontier Government. Areas of collaboration include joint thought leadership, capability building, policy‑aligned solution frameworks, and ecosystem engagement - combining Microsoft’s global AI platforms with FPT’s local delivery and government engagement expertise, in alignment with Vietnam’s national priorities and regulatory considerations.
FPT and Microsoft established their relationship in 1996 and have since collaborated on a broad range of technology initiatives, from e‑government, taxation, customs, and hospital management systems to enterprise modernization programs. Over three decades, the relationship has continued to evolve in both scope and capability, with FPT building strong expertise across the Microsoft ecosystem to support large-scale deployments for global enterprises.
Backed by more than 3,000 Microsoft-certified engineers, FPT has further strengthened its position in AI-led transformation through specializations in AI, Machine Learning, and Kubernetes on Microsoft Azure. In 2026, the Corporation became the first Microsoft Enterprise System Integrator in Southeast Asia to achieve Frontier Partner designation - one of the most selective tiers in the Microsoft ecosystem - recognizing its proven track record in delivering end-to-end AI and cloud transformation at scale for global enterprises. More recently, FPT was also named a Microsoft AI Discovery Cards Featured Partner globally, underscoring its capabilities in helping enterprises translate AI ambition into actionable strategies and scalable implementation roadmaps.
To further affirm its commitment to enterprise-grade AI transformation, FPT also recently introduced FPT CASAN, a comprehensive AI transformation methodology designed to help organizations move from fragmented experimentation to scalable, real-world AI deployment. Built on a five-level AI-native framework - Curious, Augmented, Standard, Automatic, and Native - FPT CASAN provides a structured roadmap to assess readiness, strengthen governance, and operationalize AI across core functions, addressing siloed solutions and unstructured data to enable cohesive, outcome-driven adoption while unlocking efficiency and long-term competitive advantage.
About FPT
FPT Corporation (FPT) is a globally leading Vietnam-headquartered technology and IT services provider, with operations spanning more than 30 countries and territories. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. With a strong focus on mastering strategic technologies, FPT continues to drive innovation across industries. As an AI-first company, FPT is committed to elevating Vietnam’s position on the global tech map and delivering world-class AI-enabled solutions for global enterprises. In 2025, FPT reported a total revenue of USD 2.66 billion and a workforce of over 54,000 employees across its core businesses.
For more information about FPT's global IT services, please visit https://fptsoftware.com.
Chainlink price has remained stagnant for the past few months, showcasing a lack of clear direction. The asset has been trading horizontally since November of the previous year, hovering around a consistent value range. Currently, LINK is valued at $14.03, witnessing a modest uptick of over 2% in the past 24 hours. This recent surge hints at the emergence of a potential bullish trend.
During the latter part of 2023, Chainlink experienced a notable rise, especially in September. However, post-November, its trajectory entered a phase of horizontal movement. The asset faced rejection at the peak of this range just four days ago. Despite a substantial rebound yesterday, LINK’s value is still in the lower spectrum of its recent trading range. This ongoing pattern is evident in the daily time frame analysis.
Chainlink price prediction In the broader context of the altcoin market, a semblance of stability returns after a period of losses. Many cryptocurrencies are turning green, though they haven’t fully recuperated from the recent declines. Specifically, the price of Chainlink has significantly dropped over the last four days, bottoming out yesterday.
The token’s struggle to maintain its stance above the $14 mark is causing unease among investors. Currently, LINK stands at the 13th position on CoinMarketCap, boasting a market capitalization of $7 billion and a 24-hour trading volume of $333 million.
Chainlink Price Prediction: Potential Rebound or Further Decline? In a recent analysis, cryptocurrency expert Michaël van de Poppe shared insights on the potential trajectory of Chainlink. His evaluation shows that LINK’s $13.20 mark is a critical juncture. He noted a dip below recent lows, suggesting that if this level is tested again, LINK might descend to a possible bottom in the $10-11 range. However, he also pointed out that the $13 threshold could serve as a robust support zone, potentially leading to a rebound before further decline.
#Chainlink is facing a retest at $13.20 as an essential level to watch.
Did sweep the liquidity beneath the recent lows, if we go there again, then I'm assuming $10-11 is a likely bottom.
For now, $13 for a potential support test before going back upwards. pic.twitter.com/ktStVYUu2m
— Michaël van de Poppe (@CryptoMichNL) January 25, 2024
Expanding on his views, van de Poppe expressed optimism about LINK’s performance against Bitcoin. He indicated that the LINK/BTC pair appears poised for a significant breakout later in the year. Observing the formation of higher lows, he predicts that a surge past 4500 satoshis could propel the pair towards 9000 satoshis. In light of this, van de Poppe advocates buying during dips, reinforcing his bullish stance on LINK’s prospects in the crypto market.
Chainlink Price Prediction: A Bullish Outlook Amidst Market Uncertainty In the latest developments for Chainlink, the cryptocurrency faces a critical juncture in its market trajectory. If Chainlink price manages to secure a closing above its current range high of $15, this could signal that the local bottom has been established, setting the stage for a potential 34% rise to the next resistance level at $19.30.
If the upward trend continues, further resistance could be encountered at $25 and $30. Conversely, a shift in market dominance favoring the bears could see LINK’s value descending towards the $10 support mark.
Chainlink price chart: Tradingview Currently, Chainlink is grappling to maintain its position above the 50 Exponential Moving Average (EMA), a crucial support level. The Moving Average Convergence Divergence (MACD) indicator is on the cusp of a bearish crossover, which could spell further troubles. However, a shift towards bullish sentiment would likely reflect positively on the MACD, indicating a potential uptrend. The Relative Strength Index (RSI) hovers just around the 50 mark, suggesting that the bulls exert effort but face challenges in regaining strong momentum in the market.
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Next Big Meme Coin Trends To Watch Out For In 2024 Cathie Wood’s Ark Invest Buys 94,918 Shares of Its Own Bitcoin ETF Total Bitcoin Wallets Declining Swiftly, 500K BTC Wallets Liquidated
Two popular altcoins achieved serious gains in the expected rise environment with the recent ETF enthusiasm. However, just like declines, rises do not last forever. The intermediate correction in the BTC price has also activated sellers here. Both cryptocurrencies stand out with their technology, and a significant portion of investors make purchases with long-term goals in mind. So, what are the short-term expectations?
MINA Coin continues to experience changes in its team. Most recently, Tekinalp, the head of the technology team, handed over his duties to someone else. Considering that the CEO also transferred his duties to another person recently, these changes could potentially cause some morale issues. In particular, Tekinalp’s departure from the technical side could raise questions about whether the complex development process will continue at the same pace without disruption.
With its technology, MINA Coin set out with a challenging goal, which is why the token has been of interest for years despite the lack of a massive product. But if the development and testing processes extend further, will investors’ fear of failure increase? We will all live and see how they manage this process.
On the price front, closures above $1.0591 could bring the $1.33 and $1.66 peaks back into discussion. However, closures below this level could lead to a pullback to the $0.955 and $0.88 support levels.
BTC is currently challenging the $42,000 level, so if volumes increase slightly, an upward movement seems more likely.
Chainlink, a monopolizing initiative in the DeFi ecosystem regarding price feeds, has done significant early work in the RWA field. We won’t delve into the details as we’ve discussed them at length before, but the CCIP and Swift partnership greatly improves future expectations.
On the other hand, expansion of the massive staking pool and increased token utility are expected. New steps to be taken this year regarding the staking pool will be supportive for the price. As this article is being prepared, the LINK Coin price is at $14.19, continuing the day with an increase of about 3%.
The LINK Coin price, which continues to fluctuate within a parallel channel, could climb to the $15.25 and $16.78 targets. With these two regions turning into support, the goal will be above $17.46 and $20.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cryptocurrencies had an exciting start to the new year, and January flew by in the blink of an eye. Following the approval of an ETF, prices plummeted due to triggered sell-offs as markets emptied. Now, the market is recovering from $38,500, with BTC trying to consolidate at $42,000 and altcoins turning upwards.
AVAX bulls, confident that BTC will not make deeper lows for the time being, have driven the price above $31. This key area was the last stop before lower levels for AVAX. Although the recovery is positive, the downward-leaning 20-day EMA at $33.81 could halt the bulls’ progress. A supportive daily close from BTC would help prevent this.
In a bearish scenario, we could see AVAX prices drop to $27.24 and even $24, which would erase most of the gains from the impressive rally at the end of last year and jeopardize the $100 target.
If $33.81 turns into support, then $38 will become the second significant target.
Dogecoin bulls have been on a break for a while, and the price has managed to stay relatively calm even as BTC makes impressive rallies. For now, the positive aspect is that the $0.07 support is holding. A bounce from here is expected for an uptrend, but DOGE has not yet attempted it. If support is lost, the price is likely to fall to the next support at $0.06.
The DOGE community needs to find something to draw attention away from alternative meme coins. Otherwise, without Elon Musk, Dogecoin is unlikely to repeat its 2021 bull run performance and may bid farewell to the bull at a lower peak of around $0.3.
Chainlink has been fluctuating between $12.85 and $17.32 for a few days. Such wide-ranging movements please short-term traders but leave those waiting for mid-term targets for buying or selling feeling quite bored, as there hasn’t been a real breakout yet. Determining the direction is difficult, but one of the two price regions will be lost.
Surpassing the moving averages could bring the $17.32 and $20 targets into play, while the opposite scenario could see a drop to $10.5.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
A widely followed cryptocurrency analyst and trader believes that one top 15 altcoin project could more than double against Bitcoin (BTC).
Michaël van de Poppe tells his 686,300 followers on the social media platform X that the decentralized oracle network Chainlink will likely witness a massive breakout rally against Bitcoin (LINK/BTC) this year.
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“Chainlink against Bitcoin is still looking for a big breakout later this year. Higher lows are being established, a breakout above 4,500 sats, and it’s going to go to 9,000 sats. I’m buying the dips.”
Source: Michaël van de Poppe/X LINK/BTC is trading for 0.000336 BTC ($14.09) at time of writing, indicating an upside potential of about 167% if the pair hits the analyst’s target.
Next up, the trader says Bitcoin will likely trade within the range of about $49,000 and $39,000 before a breakout after the April halving event, when miners’ rewards are cut in half.
“I’ve not posted an update on this chart for Bitcoin in a while. It’s going pretty well as planned. Now, consolidation will likely occur before continuing to new all-time highs.”
Source: Michaël van de Poppe/X The analyst also believes that the total market capitalization for digital assets is in an uptrend after testing a key support level at $1.547 trillion.
“Total market capitalization of crypto has taken the liquidity and bounced from the crucial area. It seems likely we’ll continue to $2 trillion in the coming period.”
In the rapidly evolving landscape of the cryptocurrency world this past week, several noteworthy developments unfolded. Various partnerships and advancements showcased innovation and collaboration within the industry, while efforts to enhance user experience and security were notable. PancakeSwap, a popular and inexpensive crypto exchange, partnered with Chainlink to improve its features. Chainlink Data Streams and Automation on Arbitrum aim to improve precision and neutrality, solidifying PancakeSwap’s multidimensional platform with NFT collectibles and more prediction market options. Meanwhile, Alchemy Pay and BakerySwap partnered to improve cryptocurrency transactions and DeFi/NFT trading. BakerySwap’s integration of Alchemy Pay’s fiat On-Ramp technology makes cryptocurrency purchases easy, showing its commitment to crypto supporters.
OKX Wallet also advanced Web3 by adding Aptos Names, which replace complex blockchain addresses with memorable domain names. OKX’s user-focused strategy provides a seamless Web3 experience and improves decentralized application accessibility. Velo Labs gained stability and security by partnering with TrueUSD. TUSD secured USDV, their stablecoin. Finally, the Shiba Inu community increased token burning, demonstrating their commitment to deflationary SHIB tokens. These achievements indicate a promising future for cryptocurrencies, marked by innovation, collaboration, and user-centered improvements.
PancakeSwap Partners with Chainlink to Enhance Prediction Markets PancakeSwap, a simple, low-cost crypto exchange, has teamed with Chainlink to improve its prediction markets. The agreement incorporates Chainlink Data Streams and Automation on Arbitrum into PancakeSwap’s platform to improve prediction market accuracy and impartiality. PancakeSwap needed a reliable oracle to provide market data for its prediction markets quickly and freely. After thorough research, the platform chose Chainlink Data Streams as its oracle.
It guarantees fast, decentralized price determination in a fraction of a second, giving prediction market participants accurate and timely information. Chainlink’s partnership improves PancakeSwap’s prediction markets and services. PancakeSwap, known for its low-cost asset exchanges and token staking rewards, now offers NFT collectibles and more prediction market options to its varied user base. PancakeSwap uses Chainlink’s infrastructure to strengthen its Oracle solution, boosting confidence and preventing tampering in its decentralized exchange system.
BakerySwap Integrates Alchemy Pay for Seamless Cryptocurrency Purchases Alchemy Pay and BakerySwap, two renowned blockchain firms, have joined to ease crypto buying and promote DeFi and NFT trading. BakerySwap now integrates Alchemy Pay’s fiat On-Ramp service, making it easy to buy cryptocurrencies like $BAKE, the native currency. BakerySwap is adaptable for cryptocurrency aficionados because it specializes in DeFi and NFT on the BNB Chain and Ethereum. The platform offers AMM Dex, Liquidity Farming, Launchpad, NFT Swap, and Marketplace.
The simple Alchemy Pay On-Ramp service allows customers to buy cryptocurrency with cash. Over 300 global payment methods and numerous blockchain networks are supported. More than 173 countries and 50 fiat currencies accept it. Alchemy Pay is attempting to obtain licenses for financial and payment services in the US, Canada, and Indonesia. It earned an Iowa MSL license recently. MasterCard and Visa trust this regulatory compliance and security policy. This agreement helps BakerySwap achieve its goal of smooth transactions across financial and geographical boundaries.
OKX Wallet Teams Up with Aptos Names for Web3 Revolution A groundbreaking update to OKX Wallet simplifies blockchain technology for users. OKX, a leading Web3 company, announced the integration of Aptos Names into its wallet services today, revolutionizing the customer experience. The strategy replaces complex blockchain addresses with memorable domain names, addressing a common criticism. This feature is significant for OKX Wallet users since it lets them use domain names instead of alphanumeric addresses to interact with decentralized applications (DApps).
OKX Wallet partners with Aptos Names to improve Web3 user experience. This collaboration intends to smooth blockchain interactions for more people. This alliance considerably simplifies Web3 for beginners. The user-friendly way makes DApps more accessible, streamlines transactions, and reduces address entry errors, improving security. Download the OKX Wallet web extension on Chrome and Firefox to use this innovative functionality. OKX’s frictionless integration process shows its commitment to providing a hassle-free Web3 experience and making blockchain interactions as easy as browsing the internet.
Velo Labs Strengthens Stability with TrueUSD Partnership Velo Labs has taken a major step towards enhancing stability and user security by announcing a strategic partnership with TrueUSD (TUSD). It is a well-established USD-pegged stablecoin known for its on-chain attestations. Velo has made progress, but the company is committed to being a trusted provider of Web3-based financial solutions. The relationship with TrueUSD uses TUSD as collateral in Velo’s Web3+ Ecosystem to stabilize USDV, its native stablecoin. This link boosts stablecoin security. Velo Labs plans to provide multi-chain interoperability in 2024.
Velo’s Universe OTC market allows TUSD cross-chain trading. Using TUSD in Velo’s Web3+ Ecosystem to settle remittances is a major benefit of this collaboration. Remittance operations using TUSD should optimize and enhance efficiency, especially cross-border transactions. Velo’s popular cryptocurrency payment gateway, Orbit, will benefit from TUSD, making transactions easier for businesses and customers. Velo wants to simplify crypto transfers worldwide with this effort.
Shiba Inu (SHIB) Witnesses Over 262% Surge in Token Burning The Shiba Inu (SHIB) community has seen a 262.32% increase in token burning in the past 24 hours. Shibburn, a website that tracks Shiba Inu burns, said that 50,727,264 tokens were burned during this time, showing the community’s commitment to reducing SHIB token circulation. The SHIB community burned 193,690,722 tokens last week. Despite this large sum, weekly spending dropped 97.94% from the prior week. Most Shiba Inu token-burning actions add to the coin’s deflationary nature. This advancement has placed SHIB close to gaining a spot in the list of best crypto to buy now.
Lucie, the Shiba Inu team’s marketing specialist, presented crucial information on WoofSwap, a Shibarium-based DEX. While WoofSwap’s position in SHIB burning was not disclosed, Lucie stressed its importance in supporting Shiba Inu’s vital efforts. The Shiba Inu community actively shapes coin dynamics.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
In a massive phishing scam, $12 million vanished from four victims within five days, exposing critical gaps in cryptocurrency security. The prevalent use of create2, a standard tool, empowers malicious actors to exploit temporary addresses and sidestep wallet defenses based on address blacklists. Moreover, the crypto scam drained millions worth of Chainlink (LINK), SatoshiVM (SAVM), Optimism (OP), Tether (USDT), USD Coin (USDC), Binance USD (BUSD) and SuperVerse (SUPER) tokens.
Details Of Recent Crypto Scam According to Scam Sniffer, a Web3 scam tracking platform, the ERC20 permit has become a standardized weapon. It intensifies the impact of wallet-draining attacks, with collateral tokens, including LP tokens and NFTs.
Moreover, the post highlighted that the calculated use of ERC20 permit signatures has become the primary mode of operation for such crypto scams. This is a significant peril to users who unsuspectingly fall prey to seemingly legitimate ERC721 signatures designed for gasless token approval.
In addition, the snapshots shared by Scam Sniffer on X reveal that apart from the above-mentioned digital currencies, collateral tokens, such as aEthWETH, aEthUNI, and aEthLink were also affected Furthermore, the most recent incident further underscores the severity of the threat.
The latest update underscores that a victim lost a staggering $2.34 million worth of SUPER to a crypto scam via phishing. This eventually caused an immediate 20% plummet in SUPER’s market cap within a mere 45 minutes.
Also Read: Bitcoin Price Jumps 5% In Catch-Up To Equities, $43,000 In Sight
Ripple CTO Unveils New OpenSea Scam Ripple Chief Technology Officer David Schwartz has recently revealed a phishing scam targeting users of OpenSea, a prominent NFT marketplace. He noted that the scam involves fraudulent emails that claim to be from OpenSea and notify users of bids on their NFTs.
Schwartz added that these emails contain a malicious link, disguised as a SurveyMonkey survey, redirecting users to a fake OpenSea page aiming to steal their credentials. The Ripple CTO’s revelation highlights the increasing sophistication of hackers in the digital asset space.
Furthermore, similar scams have been reported, suggesting a growing trend of fraudulent activities in the crypto community. Moreover, this displays the necessity for heightened vigilance and security measures among users and industry platforms.
Also Read: 7 Reasons To Buy Solana (SOL) This Year
Chainlink (LINK) price volatility remains visible on the daily timeframe, as the price moved horizontally within a wide but fixed range between the 50% and 100% Fibonacci levels of $11.66 and $17.74 respectively.
Also Read: Chainlink price gains could extend riding on bullish on-chain metrics
Chainlink powering RWA tokenization Chainlink (LINK) price looks ready for a move north even as the network advertises as “The only platform that can power tokenized RWAs at scale. RWA abbreviates for Real World Assets, defining established commodities from traditional finance, tokenized and brought over into the DeFi space using blockchain technology.
Meanwhile, the Chainlink price may be poised for a 5% move north to test the 78.6% Fibonacci level at $15.14, with the Relative Strength Index (RSI) recording higher highs to show growing momentum. The histogram bars of the Awesome Oscillator (AO) are also gaining strength, evidence of the bulls gaining ground.
Enhance activity among LINK bulls could see Chainlink price overcome the aforementioned blockade, going as far as to clear the range high of $17.67, or in a highly bullish case, fill the market range at $17.74. This would constitute nearly 23% in gains above current levels.
LINK/USDT 1-day chart
On the flipside, if LINK holders book profits for the 7% gains made over the last three days, the Chainlink price could descend, losing the support offered by the most critical Fibonacci level, 61.8% at $13.09.
In the dire case, it could extend the fall to the 50% Fibonacci level at $11.66, potentially breaking below the market range as it retraces the 38.2% Fibonacci at $10.22. This would denote a nearly 30% fall below current levels.
This article was edited on January 28 at 16:00 GMT to say if LINK holders book profits for the 7% gains made over the last three days, the Chainlink price could descend, losing the support offered by the most critical Fibonacci level, 61.8% at $13.09, and not $113.09.
Chainlink price prediction: LINK price has recently displayed a notable bullish pattern in early 2024, with its market value for LINK showing a remarkable increase of over 100%. Despite this, the currency has faced some bearish trends recently, with a 3% decline noted weekly. However, over the past weekend, Chainlink has shown a remarkable recovery, surpassing the crucial $14.50 mark.
Since November 2023, Chainlink price has fluctuated with a range of $13 to $17, with bulls and bearish struggling to lead the market. The Altcoin performance reflects the broader market’s volatility, a common trait in the crypto world. These fluctuations highlight the inherent uncertainties in the cryptocurrency market as investors strive to make sense of the dynamic landscape.
Currently, Chainlink stands at $13.95, marking a notable 1.2% increase in the past 24 hours. Its trading volume has soared, reaching over $390 million, a significant 30% hike. This surge in trading volume indicates a heightened interest from investors. With a market capitalization crossing the $8.35 billion threshold, Chainlink continues to cement its position among the top 20 cryptocurrencies in terms of market value.
Chainlink price prediction Chainlink price analysis over the weekly chart reveals a significant uptrend beginning in July 2023. This positive trend gained momentum in October, breaking through a major descending resistance line that had been in place for an extended period. This breakout indicated a strong shift in market dynamics for LINK, signaling growing investor confidence and a change in market sentiment towards the digital asset.
In the last week of December, Chainlink price achieved a new peak for the year, hitting $17.68. However, the price experienced a downturn following this high, marked by two pronounced upper wicks and a lower high formation. This pattern highlighted a resistance zone that had been persistent over time. After reaching the yearly high, the downward adjustment suggests a revise of market strength at these higher price levels.
Chainlink Price Prediction: Analysts Eye $25 Target Chainlink price has recently been the subject of a noteworthy prediction by Michael van de Poppe, a renowned cryptocurrency expert and the founder of MN Trading, a platform dedicated to trading education. Van de Poppe shared his insights via a tweet, suggesting that LINK is poised to reach the $25 mark. This prediction stems from the cryptocurrency’s consistent performance at crucial support levels, hinting at a strong underlying market sentiment and a potential for significant growth.
Request 04 – $LINK
This one is ready for $25 as it has been holding crucial levels. pic.twitter.com/icq3R4uFVg
— Michaël van de Poppe (@CryptoMichNL) January 28, 2024
According to van de Poppe’s analysis, if the current bullish trend in the LINK market strengthens, the next significant resistance level is expected to be around $20. This would signify a robust bullish phase for the cryptocurrency. Beyond this, achieving the $25 level, as van de Poppe suggests, could be on the horizon for Chainlink.
However, Suppose the bulls fail to maintain momentum above the critical $17 support level. In that case, bearish forces could gain the upper hand, potentially driving the price below the $15 threshold. This scenario underscores the volatile nature of the cryptocurrency market and the importance of key support and resistance levels in determining future price movements.
Technical Indicators Support Bullish Chainlink Price Prediction According to recent analyses, the technical indicators for Chainlink are painting a positive picture. The Awesome Oscillator (AO), a momentum indicator, is signaling an upward trajectory, with its histogram bars increasing in magnitude. This pattern suggests that the market’s bullish forces are gaining traction, reinforcing the optimistic outlook for Chainlink’s price.
Chainlink price chart: Tradingview Moreover, the Moving Average Convergence Divergence (MACD) hints at an impending bullish crossover. This is evidenced as the MACD line edges closer to surpassing the signal line. Concurrently, the Relative Strength Index (RSI) is trending upwards. Currently, the RSI is hovering above the 50 level, indicating a neutral trend
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Chainlink (LINK) price exhibited a notable uptrend at the beginning of 2024, with LINK’s market value showing an impressive increase of over 100%. Nevertheless, the cryptocurrency recently faced some downward trends and recorded a weekly decline of 3%. However, last weekend Chainlink demonstrated a significant recovery by surpassing the critical $14.50 limit.
Increasing Trading Volume in ChainlinkSince November 2023, Chainlink’s price has fluctuated between $13 and $17, with bulls and bears struggling to lead the market. The altcoin’s performance reflects the broader market volatility, a common feature in the crypto world. As of the current position, Chainlink‘s trading volume has risen sharply, registering a significant increase of 30%, exceeding $390 million. This increase in trading volume could indicate a rise in investor interest. With a market value surpassing the $8.35 billion threshold, Chainlink continues to solidify its position among the top 20 cryptocurrencies by market value.
The weekly chart analysis of Chainlink’s price reveals a significant uptrend that started in July 2023. This positive trend gained momentum in October, breaking a major descending resistance line that had been present for a long time. This breakout indicates a strong change in market dynamics for LINK, signaling a shift in investor confidence and market sentiment towards the cryptocurrency.
Critical Formation in LINKIn the last week of December, the Chainlink price reached a new yearly high of $17.68. However, after this peak marked by two distinct upper wicks and a lower high formation, the price experienced a decline. This pattern highlights a resistance area that has been persistent over time. The downward correction after reaching the year’s highest level could indicate a revision of market strength at these high price levels.
Chainlink’s price was recently the subject of a notable prediction by a well-known cryptocurrency expert and founder of the trading education platform MN Trading, Michael van de Poppe. Van de Poppe shared his insights via a tweet, suggesting that LINK is poised to reach the $25 level. This prediction stems from the cryptocurrency’s consistent performance at significant support levels and may indicate a strong underlying market sentiment and significant growth potential.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Chainlink accumulation by large whales has been on the high side, as these addresses procure 57 million LINK tokens worth $855 million in 30 days.
IntoTheBlock, a prominent on-chain data provider, spotlighted this impressive metric in a post on X today. This accumulation campaign prevailed despite the market turbulence that saw Chainlink lose some of the gains picked up in the late 2023 rally.
Chainlink Whale Accumulation Pattern Data from the Chainlink Large Holders Netflows chart from IntoTheBlock reveals an interesting pattern in correlation with LINK’s price action.
Notably, the first two days of January saw a massive buying spree from these addresses, as they added over 4 million LINK daily to their balances.
At the time, LINK maintained the $15 price level, as the bullish momentum from the previous year spilled into the new year. However, Jan. 3 came with some market turbulence, resulting in Chainlink dipping below the $15, $14 and $13 psychological levels.
Chainlink Large Holders Netflow | IntoTheBlock LINK collapsed to a low of $12.20, triggering a massive selloff trend, with large LINK whales dumping over 2 million tokens, as selling pressure mounted. LINK eventually recovered from the downturn, but remained below $15 for one week.
Interestingly, despite the downtrend that plagued Chainlink over this one-week period, these whales continued to procure more assets.
The phase, which could be likened to a “buy-the-dip” period, saw the largest consecutive days of sustained accumulation, with daily purchases above 4 million LINK for five days.
This extended accumulation phase eventually came to an end, as Chainlink retested $15 on Jan. 10 and dropped below the threshold two days later. These whales demonstrated erratic purchase and selloff activities in the days that followed, but purchases largely overshadowed sales.
Per data from the IntoTheBlock chart, the accumulation came to a halt on Jan. 24 and remained low until Jan. 29. Overall, the whales procured over $855 million worth of LINK during the 30-day period, demonstrating confidence in the token’s long-term prospects.
Selling Pressure Declines as LINK Targets $17 As Chainlink looks to the December 2023 high above $17, selling pressure has drastically declined. Notably, CryptoQuant data reveals that LINK reserves on centralized exchanges have dropped since yesterday, hitting lows last seen earlier this month.
Chainlink Exchange Reserve | CryptoQuant Further data confirms that investors have continued to move their LINK off exchanges, presumably to HODL them for an extended period. The Chainlink Exchange Netflows shows over 1.392 million LINK withdrawn from exchanges today.
Chainlink Exchange Netflow | CryptoQuant Per data from the chart, this is the largest intraday LINK withdrawal from centralized exchanges in over a year. Meanwhile, LINK has leveraged this reduced selling pressure and the Bitcoin resurgence to rally 5% in the past 24 hours. The asset trades for $15.17 as of press time.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Amidst the broader market’s recovery from the initial downturn triggered by ETF approvals, the Chainlink price has successfully maintained its position above the $13.6 local support level. This positive turnaround from the support level has resulted in a significant 13.6% increase in the LINK price over the past week, bringing it to a current trading price of $15.46.
Examination of the daily chart reveals that this upward trend is shaping into a bullish chart pattern known as an inverted Head and Shoulders, presenting an opportunity for buyers to capitalize on the potential for further recovery
High Momentum Rally Sets Chainlink Price For Key Resistance Breakout The LINK price rising for five consecutive days reflects an active buying activity among traders. The rising price will face a high supply zone at the $17.5 resistance The intraday trading volume in the LINK coin is $495 Million, indicating a 32% gain. Chainlink Price| TradingView Chart Over the last three months, the Chainlink price has experienced significant volatility, fluctuating within two diverging trendlines. This movement, visible on the daily chart, indicates a sideways trend, suggesting a lack of clear direction from buyers or sellers from a technical perspective.
However, contrasting insights emerge from on-chain metrics regarding largeholder activities. A recent analysis by Intotheblock, a crypto analytics firm, revealed that large holders have significantly increased their holdings of LINK, accumulating over 57 million $LINK in the last 30 days.
This notable accumulation could indicate a strengthening confidence in Chainlink or a strategic investment approach.
Large Chainlink holders added more than 57M $LINK to their balances in the last 30 days. pic.twitter.com/bnlIJdTEbN
— IntoTheBlock (@intotheblock) January 30, 2024
In light of these developments, there’s an anticipation that the LINK price may rise by an additional 7% shortly, aiming to breach the pattern’s neckline resistance at $16.67. If this breakout is successful, it could lead to heightened buying pressure, potentially pushing the price beyond the $17.5 resistance of the recent high.
Securing this new level could empower buyers to pursue an ambitious target of $30.
Technical Indicators Bollinger Band: An upswing in the lower boundary of the Bollinger band indicator provides additional support for buyers Moving Average Convergence Divergence. A bullish crossover between MACD(blue) and signal(orange) at the neutral zone, indicates the asset is returning to a recovery trend. Related Articles: Why Investors From Litecoin (LTC) And Chainlink (LINK) Have Joined The New DeeStream (DST) Presale Crypto Price Prediction For January 30: BTC, AVAX, SUI Bitcoin Price to Retest $48000 As Bullish Pattern Hints End of Correction
One crypto whale is attracting notice for selling millions of dollars worth of a decentralized finance (DeFi) altcoin amid a market correction.
According to blockchain tracking firm Lookonchain, one deep-pocketed investor sold their trove of MKR, the native token for the DeFi protocol Maker, within days as the asset dipped below $2,000.
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“A whale dumped 2,658 MKR for 5.37 million DAI at an average price of $2,022 in [four] days. And the price of MKR has dropped by 7.6% since the whale began dumping.
The whale still holds 2,007 MKR ($3.9 million), be careful of selling again!”
Source: Lookonchain/X Maker is trading for $1,973.71 at time of writing, up slightly in the last 24 hours.
Lookonchain also noticed that another crypto whale just scooped up a large amount of the decentralized oracle network Chainlink (LINK).
“A fresh wallet withdrew a total of 424,259 LINK ($6.26 million) from Binance [on January 28th].”
Source: Lookonchain/X LINK is trading for $15.05 at time of writing, up nearly 1.42% in the last 24 hours.
The blockchain tracking firm previously reported that one trader made huge profits buying and selling Wen (WEN), a memecoin built on the Solana (SOL) network. The trader sold WEN to gain $682,000 in USDC and held on to $941,000 in unrealized profits.
“In just 14 hours, this trader made over $1.6 million trading MEME coin WEN! He spent 125,500 USDC to buy 20 billion WEN when WEN opened trading, and sold 12.5 billion WEN for 807,000 USDC, realizing a profit of 682,000. And currently holds 7.6 billion WEN ($941,000), with an unrealized profit of $941,000.”
WEN is trading for $0.000111 at time of writing, down more than 30% in the last 24 hours.
After the initial decline triggered by Spot ETF approvals, the overall market has recovered, and the popular altcoin Chainlink (LINK) has successfully maintained its position above the $13.6 local support level. This positive turnaround from the support level resulted in a significant 13.6% increase in LINK’s price over the past week, reaching a current trading price of $15.46.
Volatility in the LINK MarketCryptocurrency experts, upon examining the daily chart, have noted that this uptrend has transformed into what is known as a bullish head and shoulders chart pattern, offering buyers an opportunity to capitalize on further recovery potential. Over the past three months, the Chainlink price has fluctuated within two different trend lines, experiencing significant volatility. This movement indicated on the daily chart suggests a sideways trend, which technically could mean a lack of clear direction for buyers or sellers.
However, on-chain measurements of major investors’ activities present contrasting views. A recent analysis by cryptocurrency analytics firm Intotheblock revealed that large-scale holders have significantly increased their LINK token holdings, accumulating over $57 million worth of LINK in the last 30 days.
Ambitious Target for LINKFollowing these developments, it is anticipated that the LINK price may increase by an additional 7% in the short term, aiming to break through the neckline resistance of the formation at $16.67. If this breakout is successful, it could lead to an increase in buying pressure and potentially push the price above the recent high resistance level of $17.5. Securing this new level could enable buyers to pursue an ambitious target of $30.
Chainlink, after the Spot ETF approvals and the subsequent general market recovery, has successfully held the $13.6 support level, showing a 13.6% increase. Analysts point out that the rise on the daily chart has turned into a head and shoulders pattern, offering buyers potential for recovery. This situation indicates that buyers could aim for ambitious targets beyond the $17.5 resistance.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
A widely followed crypto strategist is predicting bullish continuations for a handful of altcoins including Solana (SOL), Chainlink (LINK) and Polygon (MATIC).
Analyst Michaël van de Poppe tells his 692,000 followers on the social media platform X that the native asset of the smart contract platform Solana looks primed for a move to the upside.
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According to the analyst, Solana’s consolidation period appears to have ended after SOL bounced from its recent low of around $79.
“Looks likely we’ll be continuing towards $140.”
Source: Michaël van de Poppe/X At time of writing, SOL is worth $103, up over 6% in the past day.
Looking at the native asset of the decentralized oracle Chainlink, Van de Poppe also thinks LINK is ripe for a burst to the upside.
“This one is ready for $25 as it has been holding crucial levels.”
Source: Michaël van de Poppe/X At time of writing, LINK is worth $14.98, up over 2% in the last 24 hours.
Next up is the native asset of the blockchain scaling solution Polygon. According to Van de Poppe, MATIC could rise by as much as 85% from current levels.
“Higher timeframe support levels have been holding and liquidity has been taken.
I’m expecting another upward push, although MATIC has also been underperforming.
Next rally could be to the $1.25-1.50 region.”
Source: Michaël van de Poppe/X At time of writing, MATIC is trading at $0.817.
The analyst also has his radar locked on the Ethereum (ETH) scaling solution Arbitrum (ARB). Van de Poppe says ARB looks poised for a big surge after holding the $1.60 level as support.
“If it gets back in the $1.40-1.60 area, it’s obviously an entry, but I think we’ll continue with the Layer 2s. Probably this one can surge to $3-$4.”
Source: Michaël van de Poppe/X At time of writing, ARB is worth $1.85.
The last coin on the trader’s list is the native asset of the interoperable blockchain Polkadot (DOT). Van de Poppe believes that DOT could ignite a more than 100% rally after its recent pullback.
“Great weekly candle across the board, including DOT. Had a 30-40% correction, which are massive opportunities within a bull market. I think we’re ready for the next upward impulse move, perhaps $15 for Polkadot.”
Source: Michaël van de Poppe/X At time of writing, DOT is worth $7.
Bitstamp delists Euro Tether (EURT) to comply with EU’s new MiCA regulations. MiCA requires stablecoins to be fully backed by liquid reserves for consumer protection. Non-euro stablecoins remain available on Bitstamp but limited to certain products for EU customers. As the European Union’s Markets in Crypto-Assets (MiCA) regulation comes into full effect, the cryptocurrency exchange Bitstamp that is set to be acquired by Robinhood, has announced it will delist Tether’s euro-pegged stablecoin, Euro Tether (EURT).
This move, effective by the end of June, underscores Bitstamp’s commitment to regulatory compliance and marks a significant moment in the crypto market’s evolution within the EU.
MiCA’s impact on stablecoins The MiCA regulation, set to go live on June 30, 2024, aims to create a unified regulatory framework for crypto assets across the European Union.
This comprehensive regulation requires fiat-backed stablecoin issuers to implement robust safeguarding measures and ensure full backing by liquid reserves. By adhering to these standards, the EU hopes to protect consumers and promote the maturation of cryptocurrencies as an asset class.
Bitstamp, a prominent player in the crypto exchange market, has responded to these new regulations by delisting EURT, a stablecoin they were one of the first to list back in November 2021. The delisting decision aligns with the need to comply with MiCA, which imposes stricter requirements on stablecoins, especially those denominated in euros.
James Sullivan, Bitstamp’s UK managing director, emphasized the exchange’s proactive stance on regulation, noting that Bitstamp supports MiCA’s mission to make crypto regulation uniform across the EU. Sullivan stated that the exchange’s commitment to compliance and security and that they are in a strong position to adapt to the changes. He highlighted the exchange’s efforts to communicate directly with affected customers.
What does the EURT delisting by Bitstamp mean? Euro Tether (EURT) was launched by Tether in 2021, joining the ranks of its more prominent counterpart, USD Tether (USDT).
However, EURT’s market capitalization has significantly declined from its peak of $236 million in February 2022 to approximately $33 million at present.
Reportedly, the market cap decline coupled with regulatory pressures are the main factors behind Bitstamp’s decision to delist the stablecoin.
The delisting of EURT is part of a broader trend among exchanges preparing for MiCA’s enforcement.
Bitstamp is not alone in this preemptive compliance strategy; Binance has also announced restrictions on unauthorized stablecoins for EU users, while Uphold has taken a more drastic approach by delisting USDT and six other stablecoins.
These actions reflect the stringent regulatory environment that MiCA introduces and the necessity for exchanges to align their offerings accordingly.
Notably, Bitstamp has clarified that non-euro-denominated stablecoins will not be delisted, although their availability will be limited to certain products for European customers. This decision underscores the nuanced approach exchanges are taking in response to MiCA, balancing regulatory compliance with market demands.
The future of Tether stablecoins in the EU The implementation of MiCA represents a pivotal moment for the cryptocurrency market in Europe. By enforcing rigorous standards on stablecoin issuers, the EU aims to enhance consumer protection and market stability.
However, the regulation also presents challenges for stablecoin providers and exchanges, necessitating significant adjustments to their operations.
Notably, Tether’s response to MiCA has been cautious. While the company is evaluating the regulation’s complexities, Tether CEO Paolo Ardoino has expressed reluctance to be regulated under MiCA, indicating a potential reevaluation of the company’s strategy in Europe.
The European Union’s crypto regulatory framework MiCA goes into full force, heralding significant changes for the industry.
Major events like the ICO boom and the implosions of Terra and FTX have made it impossible for regulators and lawmakers to ignore the crypto industry, especially as its adoption continues to grow.
Leading the charge in the effort to foster responsible innovation is the European Union, with its Markets in Crypto-Assets (MiCA) regulatory framework, which passed in April 2023 after nearly three years of development.
While the implementation of the rules was phased, with rules targeting stablecoin issuers coming into force in June 2024, all parts of the framework have now entered into force since December 30, 2024. Here’s what MiCA brings to the table and how it is reshaping the EU’s crypto landscape.
What is MiCA? The primary goal of MiCA is to ensure consumer protection in crypto while offering regulatory certainty for companies across the 27-member bloc.
MiCA tries to achieve this by setting transparency and accountability standards for crypto asset issuers and crypto asset service providers (CASPs). The rules allow market participants to obtain licensing in one country and passport their services across the bloc.
Key MiCA Provisions For crypto asset issuers, the rules mean new disclosure requirements. Specifically, before introducing a new asset, issuers must draft a detailed whitepaper containing key details about its tokenomics, risks, and consensus mechanism.
This whitepaper must be submitted to a national authority that does not have to explicitly approve the token launch but reserves the power to block it. At the same time, these issuers must also comply with marketing disclosures.
Requirements for stablecoin issuers, however, go beyond these disclosure obligations. They must obtain electronic money institution (EMI) licenses, which impose significant Anti-Money Laundering (AML), Know-Your-Customer (KYC), and audit obligations.
The law also imposes high stablecoin requirements regarding liquidity, redemption, and wind-down procedures and outlaws algorithmic stablecoins.
For CASPs, MiCA means implementing robust KYC systems, establishing custody policies for the safekeeping of customer funds, and implementing robust market abuse detection and reporting systems.
Beyond these, MiCA also places a de-facto ban on privacy coins.
Which Companies are Affected by MiCA? MiCA impacts every crypto issuer or service provider operating within or offering services to EU residents. These include stablecoin providers like Circle and Tether, exchanges like Binance, Coinbase, and Kraken, and even custodians such as BitGo.
Tether in Focus By far, the major talking point to come out of MiCA’s passing has been its implications for the EU’s stablecoin landscape, especially as Tether, the largest stablecoin issuer, has not pursued a license in the bloc, unlike its biggest competitor, Circle.
As a result, several crypto exchanges have moved to delist Tether USD (USDT) and Euro Tether (EURT) as part of efforts to obtain licensing in the region.
While it is unclear whether Tether will reverse its decision in the future, MiCA’s coming into force has likely contributed to the $2 billion decline in USDT’s market cap over the past two days from nearly $139 billion to about $137 billion.
Companies Still Have Time Even though MiCA is now entirely in force, the law grants firms a window of grace to process licensing applications.
For stablecoin issuers, this window was set at 12 months from the law’s implementation, which gives companies until June 2025, as parts of the rules targeting stablecoins came into force in June 2024.
For CASPs, this window was set at 18 months, giving firms till June 2026 to obtain licensing or cease operations in the EU.
Meanwhile, even as firms race to comply with MiCA, regulators are already considering an update to cover DeFi and NFTs.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Key Takeaways JASMY’s rally comes despite 9 out of 15 exchanges showing higher selling volume than buying in the past 24 hours. For now, the altcoin’s next move remains uncertain.
In the past day, JasmyCoin [JASMY] has surged 15%, pushing its monthly gain to 62%, a reflection of continued bullish sentiment. However, market data reveals conflicting signals.
Although most derivatives contracts remain bullish, selling volume over the past day has stayed elevated. AMBCrypto examines the likelihood of JASMY’s next move.
Liquidity inflows heighten, but bearish signals emerge There’s been a notable increase in liquidity entering the derivatives market over the last 24 hours.
According to CoinGlass, $8.42 million in new capital flowed into JASMY’s derivatives market, a 14% increase in Open Interest, which stood at $56.86 million at press time.
Source: CoinGlass Open Interest measures the total dollar value of unsettled contracts in the derivatives market over a period. A surge typically suggests more contracts are being opened and is often interpreted as a sign of renewed market participation.
While this might appear bullish, especially in light of the price rally, AMBCrypto identifies a more complex dynamic.
Volume shift hints at bearish pressure Despite the liquidity inflow, data indicates a bearish tilt.
According to the Long-to-Short ratio data, which tracks the distribution of volume in derivatives markets, only 48% of contracts were long while 52% were short during this period.
Source: CoinGlass Interestingly, 9 of the 15 centralized exchanges tracked showed more buying than selling volume. Yet, overall, short volumes dominated.
This suggests that sellers drove most of the liquidity flowing into JASMY contracts, hinting at a possible short-term pullback.
Adding to the pressure, spot investors also engaged in moderate sell-offs, totaling approximately $2.86 million worth of JASMY.
If this trend continues, the pullback could extend deeper than expected.
Still bullish—But for how long? If derivatives show higher selling pressure, why has JASMY continued to rally?
For instance, the derivatives market still shows a positive Funding Rate of 0.0131%, indicating that long-position holders are paying a premium—typically a sign of ongoing bullish trends.
Additionally, the Open Interest Weighted Funding Rate—which combines both Open Interest and Funding Rate for a more accurate signal—remains in positive territory and at a relatively high level.
Source: CoinGlass This suggests that while JASMY may temporarily cool off from its recent 15% rally, it is likely to resume an upward trend in the short to medium term.
JasmyCoin (JASMY) price recovers trading above $0.016 at the time of writing on Tuesday after a mild fall the previous day. On-chain and derivatives data support the bullish thesis, as certain whale wallets are accumulating JASMY tokens, and bullish bets reach the highest monthly level among traders, suggesting a rally on the horizon.
JasmyCoin’s on-chain and derivatives data hints at a rally Santiment’s Supply Distribution shows that a certain whale wallet holding JASMY tokens between 1 million and 10 million (yellow line in the chart below) had accumulated 40 million JASMY tokens from Sunday to Tuesday, increasing the exposure and indicating investors’ confidence, which could cause a rise in JasmyCoin prices as buying pressure mounts.
JasmyCoin Supply Distribution chart. Source: Santiment
CryptoQuant Exchange Netflow data shows that 54.49 million Jasmy tokens were withdrawn from exchanges on Monday. The increase in outflows from exchanges is generally a bullish sign as it indicates reduced selling pressure.
Another bullish outlook is the rising bullish bets among traders. CoinGlass data shows that JASMY’s long-to-short ratio reads 1.07, the highest level over a month.
JASMY long-to-short ratio chart. Source: CoinGlass
JasmyCoin Price Forecast: JASMY momentum indicators show bullish biasJasmyCoin price found support around the ascending trendline (drawn by connecting multiple lows since mid-June) in early August and rose by 10.29% last week. At the time of writing on Tuesday, it recovers slightly, trading above $0.016.
If JASMY rallies and closes above the weekly resistance at $0.0175, it could extend the rally toward its July 21 high of $0.028.
The Relative Strength Index (RSI) on the daily chart reads 55 points upwards, above its neutral value of 50, indicating bullish momentum is gaining traction. In addition to this optimism, the Moving Average Convergence Divergence (MACD) also showed a bullish crossover on Sunday, giving a buy signal and indicating the start of an upward trend.
JASMY/USDT daily chart
However, if JASMY faces a correction, it could extend the decline to find support around its daily support at $0.015.
Nvidia (NVDA 0.93%) is the most valuable company in the world, and the only one with a market cap of more than $5 trillion. If you had invested $25,000 in it 10 years ago and held on through the ups and downs that followed, you'd have a stake worth more than $4 million today.
However, the stock has been growing at a more modest pace recently. It's up just 7% this year -- almost precisely as much as the broad market S&P 500 index. So is there still a chance that a $25,000 investment in Nvidia made today could make you into a millionaire?
Nvidia is still at the top of its game Nvidia's story is unusual, and its rise to megacap status was unexpected. There were plenty of investors who recognized it as a great company even before the artificial intelligence (AI) trend sent its revenues skyrocketing a few years ago, but at that time, its graphics processing units (GPUs), the basis of generative AI today, were more widely used to power video games, edit video, and mine cryptocurrency.
The stampede of business that came from the AI revolution sent its sales, profits, and stock price into the stratosphere, and the good news is, the revolution is far from over. The company has been reporting accelerating growth, and it's launching new products and architectures at a dizzying pace in its bid to stay ahead of competitors.
Image source: Nvidia.
For instance, it's now rolling out its latest chip architecture, the Vera Rubin line.
That integrated stack, which combines the Rubin GPU with its new Vera CPU (central processing unit), will deliver 35 times higher inference power than the previous architecture, Blackwell. Moreover, even with the new processors set to start shipping in the second half of this year, its Blackwell processors continue to sell at a high rate; Amazon Web Services (AWS) alone is ordering 1 million Blackwell and Vera Rubin chips in its efforts to build capacity for its cloud clients.
It's noteworthy that Nvidia has decided to pursue a new opportunity in CPUs, which will become increasingly more important in data centers geared toward powering agentic AI. CEO Jensen Huang has said that he sees a $200 billion addressable market for the company in CPUs, and that he anticipates $1 trillion in sales of Blackwell and Rubin GPUs alone across 2026 and 2027.
Can it grow fast enough? This is all exciting, but from an investing standpoint, will it be enough to significantly grow your money? As Nvidia's revenue base further expands from its already enormous level, can its growth continue to accelerate?
Nvidia's revenue increased 85% year over year in its fiscal 2027 first quarter (which ended April 26), which is an impressive result. But let's assume that slows down over the next five years. Assuming a compound annual growth rate (CAGR) of 50%, in five years, its revenue would be almost $2 trillion. I would suggest that's unlikely at this stage. Assuming a 30% CAGR, its annual revenue would be $943 billion, which would be more than any other company brings in today.
Today's Change
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Current Price
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198.19
To me, that sounds like investors should expect a major slowdown in growth soon, and a stock performance that will reflect that. Moreover, even if it does grow that fast, the stock's price-to-sales ratio would almost certainly fall to a much lower level than today's 20. Theorizing a P/S ratio of 10, Nvidia's market cap would be $9.4 trillion in five years, or almost double its size today, and your $25,000 would be worth about $48,460. You'd have to wait a long time to see that stake grow into $1 million, if it could happen at all.
SummaryNVIDIA is a Buy as its base case no longer depends on Chinese data center compute revenue.NVDA’s data center, AI, networking, and platform businesses are compounding strongly ex-China, with Q1 revenue up 85% and robust $91B guidance.China now represents high-value optional upside, not a key valuation pillar; partial reopening or compliant chip sales would further boost upside.Downside risk is limited, with base and bull cases supporting 43–70% upside; key risks are AI buildout slowdown and Rubin ramp delays. Robert Way/iStock Editorial via Getty Images
I am not buying NVIDIA (NVDA) because I hope China will reopen someday. In fact, my argument is almost the opposite: I am buying NVDA because it no longer needs Chinese data center compute revenue
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
The hunt for the best crypto to buy now is shifting away from big caps and back toward high upside altcoins with real stories. While majors like Bitcoin and Cardano move slowly, smaller names such as JasmyCoin, Pi Network, and Remittix (RTX) are drawing fresh attention from traders seeking substantial returns in 2026. Jasmy is trying to come back from a deep drawdown, Pi sits just under a breakout line, and Remittix is building a live payments system that could benefit if PayFi becomes the next big trend.
JasmyCoin: Quiet Chart, Loud Upside If Attention Returns Table of Contents
JasmyCoin: Quiet Chart, Loud Upside If Attention ReturnsPi Network: Range Bound Now, But 60M Users Are A Sleeping ForceRemittix (RTX): PayFi Rail Aiming For Real 2026 Money FlowsHow These Three Fit Into A 2026 High ROI PlayDiscover the future of PayFi with Remittix by checking out their project here:
JasmyCoin is trading around $0.00882, almost 80% below its yearly high near $0.041. On the chart, it appears painful, but some analysts suggest that this silence may be the calm before the next move.
A popular analyst from the Crypto Future YouTube channel points out that Jasmy has experienced similar long dips in past cycles, only to recover when altcoin liquidity returns. He says the price may be weak, but the project is still alive and above the levels where the last big rally started.
The project aims to give users more control over their data and enable them to earn from it, rather than handing everything over to big tech for free. On the chart, a falling wedge pattern is forming near the current zone, which often comes before an upward breakout.
The analyst expects a possible retest near $0.0019, followed by a move toward $0.017, which would represent an approximately 83% gain from its current trading price. In a full bull run, he even sees room for $0.10 to $0.20, though he warns that timing is impossible to call.
Pi Network: Range Bound Now, But 60M Users Are A Sleeping Force
Pi Network trades near $0.2188, stuck in a tight range with no clean breakout yet. Traders say Pi is forming a small right shoulder on the chart. That pattern often builds pressure before a significant move, but for now, the price is trapped under heavy resistance. Sellers appear between $0.245 and $0.255, and the main neckline is located at $0.29 to $0.30. Until that level breaks, bulls have to be patient.
On the downside, support around $0.215 to $0.220 has remained intact for several days. If that floor fails, traders will be watching $0.19 next, while a significant swing low at $0.152 would break the current structure if tested again. Analysts who still like Pi say the path to a bullish turn is clear.
The price must hold above $0.22, reclaim the first resistance band, then close above the neckline at $0.29 to $0.30. If that happens, targets around $0.33 and $0.36 come into play, because price often moves faster once the neckline is broken.
Remittix (RTX): PayFi Rail Aiming For Real 2026 Money Flows
While Jasmy and Pi work on data and community, Remittix (RTX) is going after moving money across borders. Remittix has raised over $28 million, sold more than 685 million tokens, and trades at a price of close to $0.1166.
It secured a BitMart listing after raising over $20 million and an LBank listing after surpassing $22 million, with a third centralized exchange on the way. The wallet beta is live, and testers are already sending money through real corridors instead of waiting for a future launch.
Here are the reasons why analysts say Remittix could be one of the strongest low-cap plays for 2026:
Remittix enables users to transfer cryptocurrency into bank accounts in over 30 countries. It supports multiple fiat currencies and provides simple, explicit FX conversion within the app. The project is fully verified by CertiK and is ranked number one for pre-launch tokens. The referral program pays 15% in USDT every day through the dashboard. How These Three Fit Into A 2026 High ROI Play When you compare the charts, each project offers a different kind of upside. JasmyCoin sits far below its highs with a falling-wedge setup and a committed holder base. Pi Network trades under a key neckline but has a massive community that could react fast if a breakout comes. Remittix is earlier but already sends real money through live payment rails, backed by strong security and new exchange growth.
Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Michelle DG
Michelle is an editor at CoinCentral & Blockonomi, covering the latest trends in crypto, blockchain, and digital finance. With a sharp eye for detail and a passion for emerging technologies. [email protected]
TLDR: JASMY remains in a long-term downtrend as price returns to its multi-year support zone between $0.006 and $0.007.
RSI stays near oversold levels without divergence, showing momentum has not yet aligned with a bullish structure.
A true reversal needs a break above $0.012 and a higher low forming above $0.008 with rising volume strength.
Sideways accumulation is the most likely path as thin volume signals exhaustion but buyers remain uncommitted.
JASMY Coin trades near $0.006801 as market conditions keep the token anchored at its long-standing support band.
The price action continues to reflect a downward structure that has defined the asset for years. This environment places attention on what would be required for any credible trend reversal to emerge.
The market remains cautious, with the current movement returning to a familiar zone between $0.006 and $0.007. This level has acted as a recurring base, often producing extended periods of sideways action rather than sustained upside.
Current Structure Keeps JASMY in a Weak Position Veteran trader Matthew Dixon noted that JASMY still follows a firm long-term downtrend.
He described the pattern as a cycle of sharp rallies that fully retrace, pushing the token back into the same horizontal support. This structure has repeatedly generated lower highs and lower lows, signaling that momentum remains limited.
#JASMY is still in a long-term downtrend with repeated sharp rallies followed by full retraces. The current structure shows:
Lower highs
Lower lows
Price returning to historical “flatline” zones near $0.006–0.007
This zone has acted as multi-year consolidation, but never a… pic.twitter.com/xLiis5Yn1g
— Matthew Dixon – Veteran Financial Trader (@mdtrade) December 7, 2025
Dixon pointed out that the $0.006–$0.007 zone represents a long-term flatline area where JASMY often enters multi-month consolidation phases.
These phases tend to include short upside wicks instead of strong follow-through, suggesting liquidity-driven spikes instead of sustainable trend development. With none of the requirements for structural strength such as a higher low or a break of a recent high appearing on the chart, the direction remains unchanged.
Trading volume on the latest drop has thinned, pointing to seller fatigue but also a lack of committed buyers.
This creates conditions where extended sideways movement becomes more likely. At the same time, the RSI sits in the mid-30s, close to oversold territory but still without any bullish divergence.
Past JASMY rallies pushed the RSI into much higher levels, establishing a clear gap between historical momentum and the current environment.
What Would Confirm a True JASMY Trend Reversal? Dixon outlined key scenarios that shape expectations for the next phase of JASMY’s price movement.
The most probable outcome remains prolonged consolidation within the $0.006–$0.008 range. JASMY has historically stayed in similar bands for lengthy periods before any strong move develops, and current conditions mirror that pattern.
A short-term bounce could still occur if the RSI dips further and triggers temporary buying interest.
Such a move may push the token toward $0.009–$0.012, although it would not confirm a real shift in direction. For that confirmation, Dixon cited several structural requirements that have not yet appeared on the chart.
According to his assessment, a genuine trend reversal would require a break above $0.012, followed by a higher low forming above $0.008.
Additionally, sustained volume expansion and renewed momentum would be necessary for buyers to regain control. Without these developments, any upward movement would likely remain short-lived, keeping JASMY within its broader long-term downtrend.
TLDR: JASMY trades below $0.01 with a higher low forming amid deep oversold conditions.
Falling-wedge pattern compresses price, indicating possible seller exhaustion and accumulation.
Fresh-wallet withdrawals from CEX reach over 10.3B JASMY, totaling ~$71.58M.
Historical patterns suggest oversold zones like this previously triggered nearly 20X moves. JASMY is trading below $0.01 while forming a Higher Low (HL), signaling a rare technical setup.
Current indicators show deep oversold conditions, which previously preceded nearly a 20X price surge. Traders are closely watching whether similar patterns could spark another significant move.
The token is consolidating within a tightening falling-wedge formation, compressing price toward the apex.
Each dip is absorbed without creating new macro lows, suggesting growing accumulation. Analysts note a breakout above descending resistance could trigger rapid gains toward the $0.2785 target, over 3,740% above current levels.
Technical Patterns Point to a Potential Reversal JASMY’s chart shows a Higher Low forming as momentum indicators enter deep oversold territory.
This combination has been rare, and the last occurrence led to a strong upward trend. Current patterns suggest sellers may be exhausted, allowing buyers to gradually accumulate.
The falling-wedge structure reflects price compression and a tightening range. Each retracement is met with absorption, preventing a new macro low. Traders interpret this as a sign of market stabilization before a potential breakout.
Market analyst Javon Marks noted,
“JASMY in deep oversold conditions again while maintaining a Higher Low (HL). The last time we saw oversold conditions like this, a near 20X followed.”
The repetition of oversold zones and higher lows may signal similar price dynamics.
If momentum flips in this zone, JASMY could follow a high-timeframe reversal trajectory.
Analysts highlight the $0.2785 level as a long-term breakout target, representing over 38X the current price. This aligns with historical behavior during prior oversold cycles.
On-Chain Data Shows Strong Accumulation Recent on-chain activity shows substantial withdrawals from centralized exchanges, indicating active accumulation.
Within hours, the top one and two EOA wallets withdrew 4.5 billion JASMY, approximately $31.3 million, from Coinbase.
$JASMY Massive Fresh Wallet Withdrawals From CEX
On-chain data shows a strong wave of fresh-wallet accumulation on $JASMY, with significant outflows from centralized exchanges.
Just 7 hours ago, the top 1 and top 2 EOA wallets alone withdrew a combined
4.5B $JASMY
≈ $31.3M… pic.twitter.com/C0znzCTCr0
— Evening Trader Group (@Eveningtraders) December 9, 2025
Fresh-wallet holdings now total over 10.3 billion JASMY, equivalent to roughly $71.58 million.
Observers note that synchronized withdrawals often signal preparation for mid-term positioning and growing confidence in holding tokens off-exchange.
Another analyst noted,
“Including both newly joined wallets and earlier fresh accumulators, the total fresh-wallet holdings have now reached 10,358,670,798.40 JASMY ≈ $71.58M.”
The coordinated accumulation supports the narrative of readiness for potential upward moves.
The technical setup combined with fresh-wallet accumulation presents a scenario similar to the last cycle.
Price compression, higher lows, and oversold conditions suggest that JASMY may be preparing for a move that could mirror its previous 20X surge.
