WazirX has once again postponed the distribution of its remaining user funds, pushing the timeline to May 2025. This marks another delay in the ongoing process, leaving many users waiting longer than expected. The exchange cited internal reasons for the setback but did not provide detailed explanations. Users who have been anticipating the release of their funds will now need to wait an additional month as the new distribution plan takes shape.
The crypto market faces a bearish weekend, and Cardano (ADA) has not been spared after a 3% drop to trade at $0.75. ADA price is also losing its footing after dropping in market cap ranking to the ninth position. Despite the bearish outlook, there are distinct reasons why ADA may recover to the upside and possibly reach higher levels. These include a strong technical outlook and higher odds that the SEC will approve a spot Cardano ETF. ADA Price Gears for a 75% Rally The key reason behind a bullish Cardano price forecast is a bullish technical outlook as it tests resistance at the upper trendline of a descending triangle pattern. ADA has been testing a breakout from this resistance line for the past two weeks. If demand rises and Cardano overcomes resistance at the 50% Fibonacci level of $0.91, it will fuel a 75% run to the $1.32 price…. Read More at Coingape.com
As the altcoin market gears up for a potential major rally, Chainlink (LINK) is flashing signals of a possible trend reversal. The large-cap altcoin, with a fully diluted valuation of about $13.8 billion and an average 24-hour trading volume of around $373 million, ended last week with a hammer candlestick – a sign that a price rebound could be on the way.
In the past 24 hours, LINK has gained around 1 percent, trading at approximately $13.76 as of Monday, March 17, during the early New York session. However, the price has dropped more than 28 percent since the second inauguration of U.S. President Donald Trump
Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election
President
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Key Technical Levels to Watch
From a technical analysis perspective, LINK has been following an overall upward trend, forming higher highs and higher lows over time. On the weekly chart, the price is currently retesting the lower boundary of a rising channel, which could be a sign that a reversal is approaching.
If bullish momentum picks up, LINK could rise to $24 in the short term, aligning with the daily 1.618 Fibonacci retracement level. However, if the price falls below $13 and stays there, further losses toward $10 may follow.
Chainlink’s Role in Web3 Expansion
Beyond price action, the Chainlink network continues to grow and play a key role in the adoption of Web3 technologies. Recently, it has attracted attention from major institutional investors, including World Liberty Financial (WLFI), a project backed by President Donald Trump.
Last week, the Chainlink network reported 11 new integrations across 4 services and 12 different blockchain ecosystems. This expansion highlights its increasing importance in the decentralized finance space.
⬡ Chainlink Adoption Update ⬡
There were 11 integrations of the Chainlink standard across 4 services and 12 different chains: Base, BNB Chain, Ethereum, Fraxtal, HashKey Chain, JANCTION, Lisk, Mode, Optimism, Polygon, Soneium, and Unichain.
Despite Chainlink’s growth, on-chain data suggests that large investors have not been aggressively accumulating LINK in recent weeks. According to data from IntotheBlock, transactions involving more than $100,000 worth of LINK have dropped significantly, from 620 transactions on March 14 to around 121 on Monday.
With LINK at a crucial technical level, traders are watching to see if buyers can regain control. While Chainlink’s strong fundamentals and expanding presence in Web3 are positive signs for the long term, short-term price movements will depend on whether it can hold above key support levels.
FAQs
Chainlink Price Prediction For 2025?
LINK price could trade at an average price of $47 during 2025.
Chainlink Price Prediction For 2030?
LINK price could close the annual trade for 2030 with a price tag of $189.
The post Chainlink Price Analysis: Will LINK Hit $24? Key Levels Revealed appeared first on Coinpedia Fintech News
As the altcoin market gears up for a potential major rally, Chainlink (LINK) is flashing signals of a possible trend reversal. The large-cap altcoin, with a fully diluted valuation of about $13.8 billion and an average 24-hour trading volume of around $373 million, ended last week with a hammer candlestick – a sign that a …
The Federal Bureau of Prison has moved Sam Bankman Fried, the former FTX CEO to a Southern-California prison which is known for brutalism and violence.
According to a BOP inmate locator, he is now being held at a medium security facility in Victorville, as of Wednesday. Before the transfer, Fried spent two weeks at an Oklahoma Transfer Center. He spent over 18 months at the Metropolitan Detention Center (MDC) in Brooklyn, N.Y.
There is a significant level of violence at FCI Victorville Medium II prison where fights are regular, and stabbings are not uncommon. The facility currently holds over 1,400 inmates which has witnessed serious incidents including a 2013 inmate murder, stabbing of warden in 2017 and multiple assaults on guards.
Notably, the medium security prisons have a low quality of life even when compared to lower security prisons. The West Coast prisons are often dominated by gang activity and intense prison politics than that at east-coast or mid Atlantic facilities, as per a federal prison consultant Christopher Zoukis.
As per a webpage from Christopher Zhouki’s consulting firm, Victorville, known as ‘Victimville’ in some communities is known for being highly political and racially divided. Inmates are required to be part of a racially-oriented car to stay. One inmate even said that a car is required for personal safety. In prison slang, a “car” refers to a group of inmates, usually from the same race or area, who stay together for safety and support.
Fried was sentenced to 25 years in November 2023 for defrauding users, which was considered to be one of the biggest financial crimes in the US in about 250 years. He was convicted on seven counts of fraud and conspiracy, although he still claims that he is not a criminal and plans to appeal. He will also have access to a digital law library, recreational activities like basketball and football, leather working, art and also includes courses in Microsoft 2010.
The post Sam Bankman-Fried Moved to Violent California Prison ‘Victimville’ appeared first on Coinpedia Fintech News
The Federal Bureau of Prison has moved Sam Bankman Fried, the former FTX CEO to a Southern-California prison which is known for brutalism and violence. According to a BOP inmate locator, he is now being held at a medium security facility in Victorville, as of Wednesday. Before the transfer, Fried spent two weeks at an …
