Crypto traders are apparently becoming fearless, based on the striking imbalance in the Fear & Greed Index.

A widely followed cryptocurrency analyst and trader is turning bullish on one red-hot large-cap altcoin. The analyst pseudonymously known as Bluntz tells his 296,200 followers on social media platform X that memecoin Pepe (PEPE) could soar more than 35% from its current value.

Pepe (PEPE), the world's third-largest crypto meme coin, has been making waves in the cryptocurrency realm with its recent performance and is poised to continue this rally. The potential reasons for PEPE's bullish outlook include its current price action, notable whale interest, and prevailing market sentiment.

A $2 million whale purchase of PEPE tokens has coincided with positive technical and on-chain metrics, as the price tests key support at $0.00001714 while showing signs of potential continuation in its upward trend.

Following the channel breakout rally in PEPE price creating an ATH in November, the meme coin shows a post-retest rally. As the bull run restarts in PEPE, bulls anticipate the rally to create a new ATH next week.

The GMMEME index, which tracks key memecoins such as PEPE, SHIB and DOGE, has surged over 90% in November.

PEPE's breakout and whale activity spark optimism for sustained bullish momentum.

Hyve, a data availability protocol secured by the permissionless shared security platform Symbiotic, has announced a collaboration with Lido to introduce wrapped stETH as its first collateral.

Pepe (PEPE), the world's third-biggest meme coin, is poised for a massive bull run as it has broken out of a bullish price action pattern. Following this breakout, heightened participation from traders and investors has been observed in the past few hours.

A prominent player has dominated the limelight in the crypto circle by buying more than 105 billion PEPE tokens at a cost of $2 million. The token has fluctuated wildly over the course of the last several months and this particular exchange on November 20, has caused significant interest due to its enormity and the prevailing market tendencies.

Pepe Coin (PEPE) price has breached the upper limit of an ongoing consolidative pattern, suggesting that a breakout rally is near. If the momentum remains strong, PEPE could rally double digits and set up a new all-time high (ATH).

Pepe Coin price staged a recovery while bullish momentum signals potential gains ahead Pepe (PEPE), the third-largest meme coin, has seen a significant recovery, rising to $0.000021 on Tuesday, its highest level since Nov.

A federal court in California has ruled that members of Lido DAO, the decentralized autonomous organization (DAO) behind the popular Lido staking protocol, are legally liable under the state's partnership laws. This ruling marks a significant step in the ongoing efforts to clarify the legal status of decentralized organizations within the United States and could have broad implications for the crypto space.

Chainlink (LINK) trades at $14.60 after recent uptrends saw it escaping a prolonged consolidation range. Meanwhile, the altcoin encountered resistance after hitting the $15.27 daily high. LINK rebounded to its press time levels after hitting a 24-hour low at $13.91, and a historical setup suggests a potential surge to $35 – a 139.

By 2024, the cryptocurrency market has seen the rise of a fully developed meme coin sector. Known for their high volatility, these assets offer the potential for massive returns — but they come with equally high risks.

As crypto grows, so does the list of complex terms to understand — like utility tokens.

Chainlink price is currently facing resistance after breaking out of an extended consolation zone. LINK price is down 2.1% in the last 24 hours and is trading at $14.71.

Chainlink, a blockchain service provider, is advancing Brazil's plans for a central bank digital currency (CBDC) by collaborating on the DREX pilot project alongside major players like Microsoft Brazil, Banco Inter, and 7COMm.

Experts believe the partnership sets a powerful precedent, showcasing the potential of decentralized tools in centralized financial systems.

Chainlink Labs, a blockchain oracle service provider, has joined forces with Microsoft Brazil and other industry players to work on the second phase of Brazil's central bank digital currency (CBDC) initiative, DREX.

A significant legal development occurred for Lido DAO as the U.S. District Court for the Northern District of California ruled against the decentralized autonomous organization (DAO) in a high-stakes lawsuit. Lido DAO had argued that it was not a legal entity and, therefore, could not be held accountable in court.

Bitcoin (BTC) hit a new all-time high of $94,041 after BlackRock, the world's largest asset manager, officially launched the iShares Bitcoin Trust ETF (IBIT) for options trading. However, it declined after reaching this level and is currently trading at $92,114, up almost 1% over the past 24 hours.

Brazil's Central Bank has initiated phase two of its DREX digital currency pilot program, partnering with Microsoft, Chainlink, and other tech firms to test automated cross-border payments

A recent ruling by the U.S. District Court for the Northern District of California has determined that Lido DAO, a cryptocurrency staking platform, qualifies as a general partnership under state law.

The Central Bank of Brazil is partnering with Chainlink, Microsoft, and others to develop DREX, a new CBDC. DREX will specialize in cross-border trade rather than everyday use, incorporating artificial intelligence (AI) oracle technology.

Lido DAO's efforts to shrug off a securities case have fallen through.

The Central Bank of Brazil (BCB) is advancing its central bank digital currency (CBDC) framework initiative by collaborating with Banco Inter, Microsoft Brazil, 7COMm, and Chainlink, according to a Nov. 19 statement. The partnership aims to support trade finance solutions in the second phase of Brazil's DREX pilot program.

A recent ruling from a California court has implications for decentralized autonomous organizations (DAOs), especially those involved in Ethereum (ETH) liquid staking.

The Central Bank of Brazil (BCB) has selected decentralized oracles provider, Chainlink, as one of the partners for its digital currency pilot, DREX. According to the announcement, the apex bank also selected Banco Inter, Microsoft Brazil, and 7COMm.

Chainlink's breakout from a descending channel ignites hopes for a surge to $23.

Blockchain oracle service provider Chainlink (LINK) is working on a pilot project for Brazil's proposed central bank digital currency (CBDC) called DREX with Microsoft and other firms in the country.

Phase two of Brazil's Drex CBDC pilot launches.

An unlikely outcome has resulted in a case reported by an investor against Lido DAO. The court has ruled that since Lido DAO is an association of more than two persons, it falls under partnership laws.

Judge Vince Chhabria, in his ruling, raised concerns about whether individuals in the cryptocurrency industry can avoid legal accountability by using unconventional legal structures to profit from innovative financial instruments.

The U.S. District Court ruled that Lido DAO is a general partnership under California law. The court ruled that Lido DAO participants can be held liable despite its decentralized structure.

The collaboration could significantly enhance Brazil's financial infrastructure, promoting economic growth and cross-border trade efficiency. The post Chainlink joins Microsoft, Banco Inter, and 7COMm to support second phase of Brazil's CBDC pilot appeared first on Crypto Briefing.

The Drex phase two pilot leverages Chainlink's CCIP and Microsoft's cloud infrastructure to innovate trade finance automation.

A federal court in California has ruled that members of the Lido DAO can be held liable under state partnership laws.

Chainlink, Arweave and Cosmos are among altcoins showing a bullish outlook as investors target Bitcoin (BTC) move to $100k. This means that while leading altcoins like Ethereum, Solana and XRP are firmly on traders' radar, LINK, AR and ATOM are also attracting attention.

Bitcoin (BTC) continued to hover around the $90,000-$91,000 levels as sellers continued to prevent a move higher. The world's largest cryptocurrency registered a marginal increase over the past 24 hours, trading just above the $91,000 level.

Chainlink, which ranks 15th in the crypto market, has a market cap of $9.42 billion. The LINK price is trading above the $15 mark, with a 4% surge in the last 24 hours.

SBI Digital Markets, UBS Asset Management, and Chainlink have successfully completed a pilot program showcasing the use of smart contracts to manage tokenized funds. The companies announced this on Nov.

In a recent video analysis from Altcoin Daily, the analysts highlighted five altcoins with notable potential under a pro-crypto Trump-led administration while providing insights into recent developments shaping the crypto space. The analyst noted that the Fit21 crypto bill, categorizes digital assets as commodities if their blockchains are sufficiently decentralized.

The blockchain oracle giant Chainlink has unveiled a major innovation: the "Chainlink Runtime Environment," a revolutionary framework aimed at creating a unified gateway between traditional finance and the blockchain universe. This technological advancement promises to radically transform the interaction between legacy banking systems and smart contracts.

Chainlink highlights that the Common Business-Oriented Language (COBOL) standard is responsible for facilitating approximately 95% of all ATM transactions.

Chainlink [LINK] has emerged as a standout with a compelling low-risk profile and technical indicators signaling potential for growth. With LINK currently consolidating in a falling wedge pattern and “Smart Money” showing increased bullish sentiment, the question arises: Is it time to buy Chainlink as it prepares for its next move?

LINK's price action could be in an interesting position over the next few days.

According to Chainlink, the Common Businesses-Oriented Language (COBOL) standard facilitates approximately 95% of all ATM transactions.