Tron (TRX) Revenue Skyrockets to New High as Chainlink (LINK) Inks New Partnerships to Boost Tokenization

The crypto market has started Uptober with a steep decline, contrary to what many investors expected. However, the Tron (TRX) network has continued to excel.

Crypto market starts Uptober with a steep decline, Tron (TRX) revenue hits all-time high

The crypto market has started October in the red, with many investors expecting a bull run. However, the market has seen a steep decline instead, as Bitcoin (BTC) fell below the $20K level.

Despite the overall market downturn, some networks have continued to excel. The Tron (TRX) network is one of them, as it has raked in a record-high $577 million in revenue for the third quarter. This is a significant increase from the previous quarter, which saw Tron’s revenue reach $398 million.

The Tron coin is also one of the best-performing altcoins, holding the $0.1500 support level on the weekly chart. As a result, TRX is now the ninth biggest crypto, with a market cap of over $13.3 billion. The technical indicators of the Tron crypto are still very bullish.

The 14-day RSI of Tron (TRX) is around 54.5, showing that there is still room for more uptrend. This is supported by the Tron coin price holding strong above the 50, 100, and 200-day SMAs. If this bullish momentum continues, TRX can aim for $0.20 before the end of October.

Chainlink (LINK) inks new partnerships to boost tokenization

Over the last few months, the tokenization of real-world assets (RWAs) has become a booming sector. Chainlink (LINK) is one of the DeFi projects poised to play a major role in this industry.

In the last weeks, Chainlink (LINK) has announced partnerships with Taurus and ANZ. Taurus will use the Chainlink network to address key challenges in the tokenized asset space, including asset mobility, security, and data accuracy.

ANZ will use the Chainlink (LINK) blockchain to increase the use of tokenized RWAs in traditional financial markets.

Despite the network growth, the Chainlink price performance has been below par. On the weekly timeframe, the price of LINK has dropped by 15% testing the $10 support level. For an uptrend to begin, the Chainlink crypto must recover above key resistance levels at $11 and $13.

IntelMarkets (INTL) raises over $910K as more investors join

Presently, the crypto market is filled with new projects and new technologies, each promising to be the next big thing in the industry.

However, only a few manage to capture the attention of investors and industry experts. One project that has done this in 2022 is IntelMarkets (INTL).

The project has gained immense popularity among investors, who are flocking to the project’s token presale. So far, IntelMarkets (INTL) has raised over $910K from the presale, which is now in stage 3.

As more investors join the project, the INTL coin is set for a huge price pump in Q4. While the price of Tron (TRX) looks bullish and the current outlook of LINK looks very bleak, IntelMarkets is poised to have a major price rally in Q4.

From its stage 3 price of $0.027364, analysts expect a 15x price surge, making it one of the best coins to invest in now.

Discover More About IntelMarkets:

Presale: https://intelmarketspresale.com/

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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