Positive price movements during bear markets are notable primarily because they can help identify projects that have a good chance of surviving until the next bull cycle.
Overall, June price action has been flat for most of the crypto market as traders are nervous about Bitcoin (BTC) hovering around the $30,000 support level, but there have been some strong showings.
Data from Cointelegraph Markets Pro and TradingView shows that three of the biggest gainers in the month of June have been Chainlink (LINK), Ocean Protocol (OCEAN), and Helium (HNT).
Chainlink introduces staking
The Chainlink protocol is the most widely adopted oracle network in the cryptocurrency ecosystem, allowing blockchains to securely interact with external data sources for the proper functioning of smart contracts.
Earlier this week, the project first revealed a roadmap and indicated that LINK staking would launch soon. Cointelegraph Markets Pro’s NewsQuakes™ alert system managed to catch the staking announcement for LINK on June 7, before the recent price surge.
As seen in the chart above, following the NewsQuakes™ alert for LINK that was posted at noon on June 7, the price of LINK proceeded to increase by 29.55% over the next two days.
Ocean Protocol introduces data NFTs
Ocean Protocol’s native token OCEAN has also been a strong performer this week and data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.1965 on June 3, OCEAN’s price has rallied 64, 53% to reach a daily high of $0.3233 on June 9.
OCEAN’s price increase follows the release of the data marketplace, Ocean ONDA v4, which debuted the release of NFTs of data that can be used to model the copyright or exclusive license of a data asset.
Along with the introduction of data NFTs, the protocol has also introduced Ocean Data Framing which allows token holders to lock their OCEAN tokens and earn up to 125% APY.
Helium holders vote to support the new networks
The Helium protocol is a project focused on the 5G Internet of Things that supports low-power wireless devices to communicate with each other and send data through their network of nodes.
Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $6.35 on May 29, HNT price has risen 79.14% to hit a daily high of $12.28 on June 9, while its volume of operations in 24 hours soared 249% to USD 126.7 million.
The breakup of HNT came about when the Helium community voted on HIP-51, a proposal that covered the economic and technical constructs needed to scale the Helium Network to support new users, devices, and different types of networks, including cellular, VPN, WiFi. and LPWAN.
Voters finally approved the proposal on June 8, with 96.94% approving of the transition to making Helium a “network of networks.”
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