Market Update May 17: Chainlink collaborates with JP Morgan, LINK price soars

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Bitget2024/05/17 02:42

I. Market Dynamics
1. BTC is sliding, with altcoins experiencing even larger declines. BTC's dominance has risen to 56%.
2. U.S stocks are adjusting, investors maintain an optimistic attitude towards the future market.

II. Market Focus
1. NOT of Ton ecosystem performed poorly on bn, plummeting from its peak. NOT is fully circulated, with miners holding 80%, and a market value of $800 million.
2. The price of oracle machine LINK skyrocketed after reaching a cooperation agreement with JP Morgan Bank.
3.The value of public chain FTM increased; it plans to undergo a sonic upgrade in the third quarter and includes developer reward programs among other things.
4.STX and ALEX within the BTC ecosystem have plummeted drastically.ALEX private keys were stolen and STX managed by them was dumped by hackers.

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.

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