Ocean Protocol, Helium and Chainlink post monthly gains while Bitcoin price consolidates

Optimistic worth actions throughout bear markets are noteworthy primarily as a result of they may also help establish tasks which have a superb probability of surviving till the subsequent bull cycle . 

Typically, worth motion in June has been stagnant for a majority of the crypto market as a result of merchants are nervous about Bitcoin’s (BTC) oscillation across the $30,000 help stage, however there have been just a few robust performers.

LINK/USDT vs. HNT/USDT vs. OCEAN/USDT 4-hour chart. Supply: TradingView

Knowledge from Cointelegraph Markets Professional and TradingView reveals that three of the most important gainers within the month of June have been Chainlink (LINK), Ocean Protocol (OCEAN) and Helium (HNT).

Chainlink introduces staking

The Chainlink protocol is essentially the most broadly adopted oracle community within the cryptocurrency ecosystem which permits blockchains to securely work together with exterior knowledge feeds for the correct functioning of sensible contracts.

Earlier this week, the mission revealed a roadmap for the primary time and indicated that LINK staking would launch quickly. The NewsQuakes™ alert system from Cointelegraph Markets Professional managed to seize the staking announcement for LINK on June 7, previous to the current worth rise.

VORTECS™ Rating (inexperienced) vs. LINK worth. Supply: Cointelegraph Markets Professional

As seen within the chart above, following the NewsQuakes™ alert for LINK which was registered at midday on June 7, the worth of LINK proceeded to extend by 29.55% over the subsequent two days.

Ocean Protocol introduces knowledge NFTs

Ocean Protocol’s native OCEAN token additionally was a powerful performer this week. Knowledge from Cointelegraph Markets Professional and TradingView reveals that since hitting a low of $0.1965 on June 3, the worth of OCEAN has rallied 64.53% to hit a every day excessive at $0.3233 on June 9.

OCEAN/USDT 4-hour chart. Supply: TradingView

The climbing worth of OCEAN comes after the discharge of the Ocean ONDA v4 knowledge market, which debuted the discharge of information nonfungible tokens (NFTs) that can be utilized to mannequin the copyright or unique license for a knowledge asset.

Together with the introduction of information NFTS, the protocol has additionally launched Ocean knowledge framing which allows token holders to stake their OCEAN tokens and earn as much as 125% annual proportion yield (APY).

Associated: Chainlink brings Keepers and VRF to the Avalanche blockchain

Helium holders vote to help new networks

Helium protocol is a 5G Web-of-Issues-focused mission supporting low-powered wi-fi gadgets to speak with one another and ship knowledge throughout its community of nodes.

Knowledge from Cointelegraph Markets Professional and TradingView reveals that since hitting a low of $6.35 on Might 29, the worth of HNT has surged 79.14% to hit a every day excessive of $12.28 on June 9 as its 24-hour buying and selling quantity spiked 249% to $126.7 million.

HNT/USDT 4-hour chart. Supply: TradingView

HNT’s breakout occurred because the Helium group voted on HIP-51, a proposal that lined the financial and technical constructions wanted to scale the Helium Community to help new customers, gadgets and various kinds of networks together with mobile, VPN, WiFi and LPWAN.

Voters finally accepted the proposal on June 8, with 96.94% of voters approving the transition to creating Helium a “community of networks.”

The views and opinions expressed listed below are solely these of the creator and don’t essentially mirror the views of Cointelegraph.com. Each funding and buying and selling transfer entails threat, you need to conduct your individual analysis when making a choice.