Chainlink founder: New buyers in this crypto cycle come from all areas of the global financial system
According to a report by Cointelegraph, Chainlink founder Sergey Nazarov stated that the current cryptocurrency market cycle is unique because a large number of new buyers are entering the market, which may lead to faster adoption of RWA tokenization than initially expected by the industry. Recently, participants in the cryptocurrency market are not limited to retail investors who react to mainstream media reports on cryptocurrency price fluctuations. New buyers come from various fields of the global financial system, making up a very large group of buyers. The recently approved Bitcoin ETF is just the beginning of facilitating easier entry of funds into the market.At the same time, Sergey Nazarov predicts that RWA tokenization will become the next major trend in the cryptocurrency market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
