Cryptocurrencies Price Prediction: Nvidia, Chainlink & Avalanche – European Wrap 20 November
FXstreet
20 Nov 2023 12:52 PM
In addition to the Sam Altman controversy, the graphic card manufacturer NVIDIA’s earnings are set to be released on Tuesday, which has added a tailwind to these tokens. ...
- Avalanche (AVAX) Layer 1 blockchain token is down 2% on the day.
- The upcoming event of 9.54 million AVAX token unlock will increase the circulating supply, leading to rising selling pressure on the asset.
- ChainLink (LINKUSD) remains in strong recovery mode and is trading in wave (3) with potential gains towards the 20-25 area.
- The article contains forward-looking statements and advises conducting thorough research before making investment decisions.
- The author has no position in any stock mentioned and has not received compensation for writing the article.
The sentiment of the article is neutral. It provides information about the current state of Avalanche and ChainLink tokens without expressing a positive or negative bias.
You May Ask
What is the current performance of Avalanche (AVAX) Layer 1 blockchain token?How will the upcoming event of AVAX token unlock impact the circulating supply?What is the current state of ChainLink (LINKUSD) and its potential for gains?What cautionary advice does the article provide for investors?Does the author have any financial interests or compensation related to the mentioned assets?Please note that the answers to these questions are based on the information provided in the input article and may not reflect the most up-to-date or comprehensive analysis.