Jump on the Chainlink Bandwagon Link Price Rockets 11% as Surprising New Meme Coin Gains $650,000 Funding – Here’s What’s Happening!

Is It Too Late to Invest in Chainlink? Link Price Skyrockets by 11% Amidst Surprising Rise of Meme Coin with $650,000 in Funding – Unpacking the Phenomenon

After over a year of moving sideways like a confused crab, Chainlink (LINK) has suddenly shot up by a whopping 11%! The underwater LINK army is marching in celebration, but is it too late to join the party and buy Chainlink?

In the past year, Chainlink has been trapped in a predictable chop between $5.50 and $9.50, leaving bag-holders in a cryptocurrency purgatory. But hold on tight, because a blog post from Chainlink suggesting the upcoming launch of V0.2 upgrade for LINK staking has triggered this sudden surge. The update will bring new features like an unbonding mechanism, liquid staking rewards, and a shift of the stake slash burden. Exciting stuff indeed!

Leading crypto trader VikingXBT, who has faced the wrath of many disillusioned LINK holders, predicted this upward move. He’s been guiding the LINK army through challenging price action like a seasoned general leading troops into battle.

So, what’s the current status of Chainlink? Well, it’s currently trading at $10.29, indicating a 24-hour change of 1.04%. However, the price seems to be retracing a bit, down 7.53% from its local high of $11.06 in the last six hours. It’s like a rollercoaster ride, folks!

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The recent high coincided with the ascendance of 20DMA, forming a ‘golden cross’ pattern. And with the breakout, Chainlink might find support at the $9.50 level. But let’s not get too carried away because the RSI indicator is flashing warning signs. It’s screaming, “Hey, the price is overheated!” at a bearish divergence of 81.25. Yikes!

The over-heated RSI indicates an impending retracement. History tells us that every time the RSI went above 70, it led to significant retracements of -13.95%, -34%, and -45%. So, we might see a mean average retracement of -30%, plunging LINK back to its recent double-bottomed support at $7.25. Brace yourselves, rollercoaster riders!

Overall, while LINK has shown strength with this breakout, the screaming RSI cannot be ignored. So, be cautious, my fellow investors!

But hold onto your crypto hats because there’s another exciting development in the cryptocurrency world. While Chainlink is fighting for recovery footing, a new meme coin presale is silently stealing the show.

Introducing Meme Kombat, a blockbuster initiative combining nostalgia-infused gaming and GambleFi on a decentralized Web3 platform. This meme coin presale is capturing the attention of investors, and it might just become the hottest meme coin of November 2023!

Meme Kombat’s captivating arena allows characters from various crypto communities to duke it out. And here’s the best part: you can place bets on these animated battles and possibly win grand rewards. It’s like watching an epic gladiator showdown, but with memes!

Season 1 of Meme Kombat promises 11 meme characters, so there’s a whole lot of action in store. And brace yourselves again because Season 2 is already on the horizon for December 2023. The excitement never ends!

But this project isn’t just about luring you into an adrenaline-pumping betting frenzy. Trust is the foundation of Meme Kombat, and they’re not afraid to prove it. An impending security audit of their smart contract is in the works, and the findings will be made public. No hiding behind closed doors here!

The founder and project lead, Matt Whiteman, is no stranger to the crypto world. With two decades of experience and serving as the COO of North Technologies, he adds credibility to Meme Kombat. We can trust this guy!

And here’s another refreshing aspect: Meme Kombat’s tokenomics. Stake the Meme Kombat ($MK) token, priced at a tempting $1.667, and dive into a rewarding ecosystem. Enjoy a generous APY of 112% and use your staked tokens to place bets in the arena. It’s like earning money while gaming. Isn’t that gamer’s dream come true?

Moreover, the more you engage with the platform, the more you can earn. So, grab your controllers and let the games begin!

With the GambleFi industry gaining momentum, Meme Kombat is poised to tap into this lucrative market with its innovative approach. By merging memes, gaming, and blockchain, it’s presenting a fresh offering to the crypto community. Don’t miss out on this unique opportunity to diversify your portfolio!

Disclaimer: Crypto is like riding a rollercoaster — high risk and exhilarating. This article is for informational purposes only and not investment advice. Be careful with your precious capital!

Buy Meme Kombat Here

Now, dear readers, it’s time to unleash your inner gamer and embrace the future of meme-based gaming and betting with Meme Kombat! Join the revolution and let’s create some epic meme battles together. Remember, fortune favors the bold!

Note: All puns and rollercoaster analogies are fully intended and guaranteed to raise a chuckle or two. Enjoy!

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