Is Zeus Capital Stopping It’s Fight Against Chainlink (Up 14%)?

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Last Updated on 18 January 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Chainlink’s eternal nemesis Zeus Capital seems to have laid off the fraud accusation tweets and social media posts accusing the blue chip DeFi coin as LINK holds near it’s all time high. Meanwhile crypto as a whole had a rather tough weekend, which saw Bitcoin and Ethereum prices drop to their respective current floor. We’ll have to wait if this holds.

Even without any news, the price of Chainlink seems to hold and the whole market seems to be in the green right now, with LINK leading the top 10. Currently, it’s up 14% and trading around $22.46. It also registered an all-time high a couple of hours ago of $23.61. Over the past week, Chainlink has grown some 53%.

Chainlink rose to $20 for the first time during the DeFi hype at the end of last summer. This was also the moment that several influential crypto commentators claimed they were offered money to say anything negative about Chainlink.

DJ and musician Scott Melker, who tweets under the nickname The Wolf of All Streets was the first to report it and others soon followed.

Advertentie.

$100k for fraud news

The blockchain project created by Sergey Nazarov with the goal of connecting smart contracts with data from outside world has been hugely successful in 2020 but continued to hear rumors of fraud spread because of Zeus Capital, the outfit that claimed to have gathered $100k to pay for any fraudulent piece of news on LINK.

Spreading FUD works to drive the price down of any unregulated financial market of course.

On 30 December however, Zeus Capital claimed in a tweet that it was under DDOS attack and has since only retweeted some other comments, with its last entry, a retweet of another commenter, noted on 2 January 2021.