Why Tezos And Chainlink—Bluechip Assets of 2020—Saw Opposite Moves This Week
bitcoinist.com
On July 1, cryptography firm Bolt Labs launched its private payment solution zkChannels atop Tezos’ blockchain, signifying demand for its native XTZ tokens. Traders may have interpreted that Tezos founder Justin Sun would initiate a massive sell-off of XTZ tokens to pay the plaintiff, which intensified its bearish bias.
Chainlink’s native crypto LINK is trading 169 percent higher on its YTD timeframe as it keeps both its fundamental and technical indicators under a bullish watch. The LINK token also appeared healthy on technical fronts, with its price holding above concrete support levels, unlike XTZ.
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