Why are Polkadot and Chainlink topping best crypto to buy lists this week?
Polkadot jumped 16.7% in a day and 42.5% on the week, the biggest weekly gain in the top 50, per Cryptonomist on September 9. The trigger was a live vote on a dotUSD stablecoin, passed with 97.5% approval, per Coinbird.
LINK hit $13.64 on September 7 after Bottomline, serving 600 plus banks, picked Chainlink, per CoinStats. After a 42% week, how much is left in DOT and LINK, and where is it still measured in multiples?
Polkadot: can DOT keep climbing after a 42% week?
Polkadot trades at $1.23 on CoinMarketCap, up 12% in a day. The dotUSD vote passed with 97.5% approval, per Coinbird, so the chain gets its own dollar coin. The rally also ran on a short squeeze that wiped out $610,000 of bets against it, per CoinEdition.
It already tagged this week’s $1.21 target, with support back at $0.93. A 42% week rarely gets a second act. Good trade again. Not a fortune.
Chainlink: LINK at an 8 month high with banks lining up
Chainlink trades at $12.14 on CoinMarketCap after topping $13.64 on September 7. The Bottomline deal plugs Chainlink into a network of 600 plus banks moving $16 trillion a year, per CoinStats.
Circle’s Arc chain launches September 16 with Chainlink as its oracle, per CoinMarketCap. Hold $12.35 and LINK can retest $13.64, then $15. Lose it and $11.55 is next. Solid coin, slow money.
