MATIC, LINK and BAL have yielded massive gains for holders despite the crypto bloodbath. As Ethereum’s Merge draws close, MATIC and DeFi tokens witnessed a price rally.
Also read: JUST IN: Ethereum surpassed 1.7 billion transactions, what’s next for ETH?
MATIC, LINK, BAL price rallies ride the bullish sentiment of Ethereum Merge
DeFi tokens like layer-2 scaling solutions and projects like Chainlink and Balancer are key to ETH holders. The Ethereum community has witnessed a price rally in Polygon MATIC, Chainlink LINK and Balancer BAL. These three cryptocurrencies offered holders 10-20% gains over the past week.
Ethereum’s transition to proof-of-stake, the Merge is key to the ETH ecosystem. Another key factor is the adoption of NFTs by big tech companies like Meta and Ticketmaster. NFTs have emerged as a key part of Ethereum’s ecosystem, therefore their adoption fuels a bullish sentiment among ETH holders. MATIC, LINK and BAL have emerged as top choices among holders in the ETH community.
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