M&A expectations drive Chiliz and Klaytn, whales accumulating Chainlink and InQubeta
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Chiliz, Klaytn, and Chainlink are among the altcoins that have seen significant price increases in recent weeks. These gains are attributed to potential mergers and acquisitions (M&A) speculation.
Chiliz CEO Alexandre Dreyfus has publicly stated that the company is actively exploring M&A opportunities to expand its network and capabilities. Additionally, there have been reports that Klaytn is considering a merger with the Finschia Foundation.
Analysts are also watching InQubeta (QUBE), which launched in 2023. The platform’s unique value proposition and team have attracted a growing investor base, and analysts believe that the project has the potential to make significant contributions to decentralized finance (defi).
InQubeta: building future-ready AI startups
InQubeta provides a wide range of support to startups looking to grow. It offers funding, marketing, mentorship, and other resources to help these enterprises scale.
One of the platform’s main features is its ability to help startups find backers for their AI-led innovations. Currently, the presale funding for the platform stands at $8.4 million.
QUBE is native to the InQubeta platform. It is used for settling payments and distributing rewards. Holders can also stake it to earn crypto rewards.
The token offers an inflation-resistant portfolio. It is a deflationary asset, meaning its supply is automatically adjusted under volatile market conditions to reduce price fluctuations.
In high inflation, the supply is lowered, and the demand remains high. This mismatch will boost the token price and ensure stable returns.
Chiliz Chain hits 10 million transaction mark
Chiliz provides blockchain services for the sports and entertainment sector.
The decentralized platform powers Socios.com, where fans can interact with sports teams through digital assets.
Its native token is CHZ.
Due to speculation over its upcoming collaborations, Chiliz has been making rapid gains, adding 10%.
Chiliz’ Alexandre Dreyfus recently stated that the platform would opt for an “aggressive” M&A strategy in 2024.
The platform also achieved a new milestone on Jan. 17, 2024, after its layer-1 sports blockchain, Chiliz Chain, processed over 10 million transactions.
Chainlink Automation is now live on Base
Chainlink is built on a decentralized oracles network and provides various services for creating dApps. One of its key offerings is the CCIP, which one can use to securely transfer data or assets across chains.
Chainlink is currently favored by large investors who are accumulating its LINK token in anticipation of a price rally in the future.
After reports of potential mergers facilitated its rise, the platform has made significant gains.
In a recent development, the platform announced that its industry-standard Chainlink Automation was now live on the Base blockchain.
The move would allow Base developers to work with automated and gas-efficient smart contract capabilities.
Klaytn-backed CREDER releases gold-pegged stablecoin
Klaytn is a public blockchain offering cutting-edge resources for deploying web3 solutions.
There are also technical tutorials available to guide developers.
Its native token, KLAY, is used for all transactional purposes within the Klaytn network.
Reports of a possible deal with Finschia Foundation and Klaytn have boosted KLAY’s price movements.
KLAY rose by 10% recently, and experts suggest that users should consider accumulating their holdings.
The blockchain unlocked a significant achievement as CREDER, a member of the Klaytn Governance Council, rolled out a stablecoin pegged to gold.
Called GPC, the stablecoin is linked to the real-time price of the commodity.
Conclusion
InQubeta, Chainlink, Chiliz, and Klaytn are top altcoins. They have been consistently trending and moving up the ranks. These coins represent the versatile nature of defi and its potential for wealth creation.
These four tokens are utility-centric crypto projects, and participants can enjoy a user-friendly mechanism. They are supported by robust security models that ensure that users’ assets are always safe.
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