Terra and LINK Could Defy Bear Market, Cosmic Kittens Aims for Top 100 Cryptos

Terra (LUNA) has been downward since it fell, and Chainlink (LINK) hasn’t improved much. Some investors expect this to continue for a while. However, others say these coins will rise against all odds. On the other side of the board, Cosmic Kittens (CKIT) is organizing its presale and aiming for the top. So, you can see that the cryptocurrency scene is buzzing already, and you’ll learn all about it here.

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Terra (LUNA) Records Sharp Drop Since April

Terra is a popular name now among crypto enthusiasts as the cryptocurrency collapsed spectacularly in 2022, sparking a market turmoil that continued into 2023.

While all this was happening, Do Kwon, the co-founder of Terra, was caught in Montenegro with a fake passport. Authorities believe he is involved with the fall of Terra, causing him to face fraud charges in 2024.

On the other hand, Terraform Labs, the company behind Terra, filed for Chapter 11 bankruptcy, offering the company some breathing room from creditors while it reorganized itself. After this bleak situation, LUNA rose to $1.24 in mid-April 2024, buoyed by the ongoing bullishness in the market. Yet, it has fallen by 62.6% to trade at $0.47. Yet, some investors still have hope in this coin despite its 24-hour trading volume falling by 1.1%.

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Excitement Grows Over Chainlink (Link) Functions on Arbitrum One

In January, the Layer-2 scaling solution, Arbitrum, and the decentralized oracle network, Chainlink, joined hands to improve smart contract capabilities. It was done through the release of Chainlink Foundations on the Arbitrum platform.

Chainlink Foundations acts like a decentralized AWS Lambda, allowing Web3 apps to operate on off-chain logic. With this move from Chainlink, Web2 and Web3 developers can collaborate better.

This collaborative effort also affected the current price of LINK in January. However, LINK has dropped in the following months, trading at $14.63. Analysts remain skeptical about whether Chainlink could rise from its month-long bearish momentum.

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Cosmic Kittens (CKIT) GameFi Network Enters Its Presale

The Cosmic Kittens project presents a compelling investment opportunity in an innovative gaming and digital collectible universe. At its core, Cosmic Kittens combines elements of beloved classics like Tamagotchi’s virtual pet nurturing with Pokemon’s creature collection and evolution mechanics. Players can breed and raise unique Cosmic Kittens (CKIT), guiding their development and unlocking new powerful variations.

What sets Cosmic Kittens apart is its integration of blockchain technology and NFTs. Each Cosmic Kittens NFT is a one-of-a-kind digital asset that can be traded on the open market using CKIT tokens. Players can monetize their rare and powerful Cosmic Kittens by selling them while using earned CKIT tokens to acquire new kittens, customizations, or virtual goods within the game’s ecosystem. Cosmic Kittens’ play-to-ear model has also attracted widespread attention as it lets players earn tokens from trading NFTs. It also comes with a coin staking and tiered reward system, which allows players to earn special rewards depending on their level of loyalty to the Cosmic Kittens’ ecosystem. With a sustainable play-and-earn model and potential for digital scarcity, Cosmic Kittens offers an attractive investment opportunity in the growing NFT gaming and collectibles market.

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Purchase CKIT Tokens Today

Investing in Cosmic Kittens (CKIT) presents a significant opportunity. As NFTs continue to reshape the landscape of digital ownership and collectibles, early investments in gaming-related NFTs can yield substantial returns. Its ongoing presale has become a hot talking point in the market, as experts agree it is a golden opportunity for early investors to witness the appreciation of their coin holdings. Analysts now say early adopters will witness impressive growth, expecting an increase to $5 after getting listed on an exchange.

CKIT is selling at $0.0055 as it just entered stage one of its presale and is currently offering a 20% sign on bonus.