The DC Blockchain Summit is an event that took place in May this year. The event looks to bring legislation into the crypto world to stabilise the market and prevent huge swings in value as seen through the current bear market. The DC Blockchain Summit looks to “develop a pro-growth legal and regulatory environment that fosters innovation, job creation, and investment”. This could help cryptocurrencies like Chainlink (LINK) and Mehracki
(MKI) increase stability in the unpredictable world of crypto.
Chainlink (LINK) Shows Incredible Recovery During Bear Market
Chainlink is a decentralised network that helps its users deploy smart contracts on different blockchain systems. The native token, LINK, has numerous uses including staking and other transactions.
Chainlink (LINK) maintains the security standards of blockchain technology while increasing the functionality of smart contracts. It does this by providing them with access to off-chain information and real-world data.
Chainlink (LINK) was a victim of the 2022 bear market as it has seen a 20.16% decrease in value in the past 7 days, according to CoinMarketCap. This, however, has been overshadowed by its impressive recovery in the past 24 hours at the time of this article being written. The crypto heavyweight has seen a 13.44% increase in 24 hours, one of the best recoveries of the 2022 bear market so far. This trend is expected to continue, making now the perfect time to add Chainlink (LINK) to your portfolio.
The DC Blockchain Summit is pressing Congress to establish a US blockchain policy. Through this, they feel it would create numerous job opportunities for the public whilst developing a pro-growth and regulatory environment.
This would benefit established cryptocurrencies like Chainlink (LINK) as it is liable to bear markets.
Mehracki (MKI) is Stunning Crypto Investors With Its Presale
Mehracki (MKI) is a community-driven meme coin that relies on more than just hype, buzz, and influencing marketing to succeed as a meme coin. The Mehracki (MKI) coin, verifies and authenticates transactions on the Mehracki ecosystem. It serves as a unitary value exchange between customers and hospitality businesses.
The excellent use cases of Mehracki (MKI) are what has made it so popular among crypto experts thus far. Most meme coins do not reward their users for adopting the native token. Mehracki looks to change this trend by placing several incentives for adoption and looks to gamify milestones for increased loyalty.
Mehracki (MKI) makes sure its users don’t have to worry about multiple swaps and foreign exchange fees. They achieve this by having an enormous network of partnerships with DeFi-capable NFTs and hospitality outlets.
Being that developing pro-legal growth and a regulatory environment is what the DC Blockchain Summit offers, Mehracki (MKI) can heavily benefit from this. Mehracki (MKI) has real-world applications that it looks to implement in its August launch. If these applications were to receive legislation, Mehracki (MKI) would become increasingly stable in an unpredictable world.
Although cryptocurrencies have helped people create fortunes, they have also seen people lose large sums of money. If the market was to receive legislation as proposed in the 2022 DC Blockchain Summit, the cryptocurrency market would become somewhat stable. This would lead to it becoming more inclusive as people would be increasingly confident to invest their money in useful cryptocurrencies like Chainlink (LINK) and Mehracki (MKI). However, with the current success of Mehracki’s (MKI) pre-sale, you should consider adding this new meme coin to your crypto portfolio now.
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