There is an important development for two altcoins today. Moreover, both cryptocurrencies are traded on the leading cryptocurrency exchange Binance. Let’s look at the details.
Huge move for Altcoin Aelf (ELF)
aelf (ELF) announced a $50 million venture fund today. This strategic move by Altcoin Aelf Ventures has already triggered a positive momentum for ELF. The launch of aelf Ventures marks a significant milestone for aelf, a project known for its high-performance Layer 1 technology and multiple sidechains offering unlimited scalability.
The newly established aelf Ecosystem Fund is worth $50 million. It also seamlessly aligns with altcoin aelf’s inclusive mission. It invests strategically in leading teams that are at the forefront of the Web2 to Web3 transition. On the other hand, it catalyzes an efficient and interactive future.
A groundbreaking initiative
This groundbreaking initiative expands its support to innovative blockchain projects both within the altcoin aelf ecosystem and the broader multi-chain environment. Also, aelf Ventures is moving towards a world decentralized Web3 era. On the other hand, it aims to be a guiding light for extraordinary minds and groundbreaking projects. Hazel Zhang, President of aelf Ventures, expressed the fund’s visionary purpose. In his words;
“aelf Ventures is moving towards a decentralized Web3 era. On the other hand, it stands as a beacon that sheds light on extraordinary minds and groundbreaking projects. Our mission is clear: to invest in passionate and thoughtful founders whose ideas align with the essence of altcoin aelf. Also, supporting those who share our vision.”
With $50 million on hand, altcoin aelf Ventures will be well positioned to support and drive innovation in the Web3 ecosystem, enabling a seamless transition from Web2 to the decentralized and interactive web of the future.
Whales collect altcoin LINK
Santiment highlights the gradual revival of altcoins. Santiment’s latest report points to increased activity on Chainlink’s whale addresses. According to Santiment, these influential addresses have accumulated approximately $10 million worth of altcoin LINK in the last three days. Notably, there are currently 3,127 wallets holding between 10,000 and 100,000 LINK.
Santiment points to a significant number of wallets holding LINK in the range of 10,000 to 100,000. Accordingly, it underlines the intensity of altcoin Chainlink’s accumulation frenzy. On the other hand, these addresses purchased $9.6 million worth of altcoin LINK in just three days. Additionally, this data shows that investors are strategically increasing their LINK token holdings. Experts interpret this accumulation as a promising indicator of the upward trend for Chainlink (LINK).
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