Chainlink Gains Momentum, Cardano Holds Support, but ZKP’s $5M Giveaway Steals the Spotlight This January

5 mins mins

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The crypto market is showing strong movement this week. Chainlink is picking up pace as Bitcoin dominance softens, while Cardano continues to protect an important support zone after a solid bounce. At the same time, Zero Knowledge Proof (ZKP) is gaining attention as the next big crypto, with its presale auction live and a structured $5M reward campaign.

These moves highlight how the market is shaped by more than one driver. Some assets are measured by charts and indicators, others by how well they defend key levels, while early-stage projects are judged on how clear and fair access looks before public trading starts.

Chainlink Moves Higher Toward $14 as Market Conditions Shift

Chainlink is showing fresh momentum, trading close to $14.03 after rising more than 6% in the last 24 hours. With daily trading volume near $952M and a market value around $9.95B, interest has increased as traders begin to look beyond Bitcoin. As Chainlink moves higher, analysts point to changing market conditions where altcoins often perform better when Bitcoin dominance eases.

Technical studies suggest LINK has closed recent sessions with a positive tone. Analysts watching the LINK pair against Bitcoin believe more upside may follow if Bitcoin dominance keeps cooling. A move above $16 is seen as a key step, with some outlooks pointing to faster action toward higher resistance levels if momentum continues.

On shorter time frames, LINK has shown some swings, including signs of a possible pullback. Even so, the wider view remains steady. Weekly indicators show momentum leveling out, with selling pressure fading. As Chainlink tries to build a base, traders are watching whether the price can stay near current levels and push toward nearby moving averages that sit slightly higher.

Cardano Maintains $0.38 After a Sharp Bounce

Cardano has shifted into a steadier phase after regaining the $0.34 support area. The bounce from this level was strong, showing clear buying interest rather than a slow grind higher. This move improved the short-term structure and opened the door for a test of higher prices.

Price has since rotated back toward $0.38, a level that previously acted as resistance. Holding this area as support is an important signal for traders. When the Cardano price stays above former resistance, it often shows that buyers are ready to defend higher ground instead of allowing another drop.

Volume has backed this setup as well. Higher activity during the rally and through the support hold points to active participation rather than light trading. As long as the Cardano price remains above $0.38, the next key zone traders are watching is near $0.48, which marks a higher resistance area and a potential test for further recovery.

Why ZKP’s Presale Auction Is Drawing Fresh Attention

ZKP is being reviewed from a different angle than Chainlink or Cardano. Its presale auction is live, and what is pulling interest is the way access is organized. Along with the presale auction, a $5M reward campaign is running through a Gleam competition that is designed to reward early supporters. ZKP is now being talked about as the next big crypto because this structure focuses on access, not price swings.

The entry steps are clear and easy. Participants need to hold at least $100 worth of ZKP, complete a few simple actions, and refer others to boost their entries in the giveaway. Ten winners will each receive $500,000 worth of ZKP each. This setup keeps the reward pool fixed while promoting steady involvement as the presale auction remains live.

Referrals are an important part of the system. Participants earn 20% from referrals, while new users receive 10%. This builds a compounding effect without increasing the total rewards. The design centers on fair participation and reach instead of speed or wallet size, which is why ZKP is being viewed by some early-access watchers as the next big crypto during its presale auction phase.

For readers following early-stage projects, transparency is key. ZKP stands apart because the rules are clearly set, and the presale auction is the only active phase at this time.

In Summary

Chainlink and Cardano show how established networks react to changing market conditions. Chainlink is trying to rebuild momentum as Bitcoin dominance cools, while Cardano is working to hold key support levels to confirm a wider recovery.

ZKP, however, is moving along a different track. With its presale auction live and a $5M reward campaign underway, attention continues to rise as buyers look past short-term price action. Taken together, these examples show how different parts of the market are measured in different ways, helping traders decide whether ZKP could be the next big crypto to watch right now.