Tue. Jul 5th, 2022

  • Chainlink, Waves and Audius are the Solana projects to watch right now.

  • LINK, WAVES and AUDIOS are at a solid buying point.

  • Each of them has the potential to reach a higher score by the end of December.

Chainlink is an Oracle protocol specifically used for trading binary options which through Solana's architecture can perform price updates every 400 ms. Its price feeds went live on Solana due to its high performance as well as its inexpensive blockchain network.

Waves is an agnostic interchain DeFi ecosystem that has been integrated into Solana, which has enabled it to work with other integrated chains, Oracle systems, and data providers.

A music streaming and sharing platform that aims to bring power back to content creators, Audius is part of the Solana ecosystem.

Should you buy Chainlink (LINK)?

On December 20, Chainlink (LINK) was valued at $ 18.36.

To get a better idea of what exactly this means for the LINK token, we will compare its current value with its all-time high as well as its performance in November.

Chainlink (LINK) hit its all-time high on May 10th when the token hit a value of $ 52.70. At its ATH value point, the price of the token was $ 34.34, or 187%, higher than it is today.

If we look at the token's performance over the past month, we can see that the token had its highest value of the month at $ 38.12 on November 10th.

However, its lowest reading was on November 28th, where the value fell to $ 23.23.

Here we can see that the token lost $ 14.89, or 39%, in value over the course of November.

With that in mind, now is a good time to buy LINK as it has the potential to hit $ 20 by the end of December.

Should You Buy Waves (WAVES)?

On December 20, Waves (WAVES) was valued at $ 15.20.

To get a better idea of what exactly this means for the WAVES token, we will compare its current value with its all-time high as well as its performance in November.

If we look at the all-time high value of the WAVES token, it hit a value of $ 43.01 on May 4th.

The token was $ 27.81, or 182% higher than it is today at its ATH value point when compared to December 20.

If we go through the token's performance over the past month, we can see that the token was valued at $ 27.33 on November 1st, which was its highest point of value.

Its lowest value was on November 28th when the token fell to $ 18.5.

The value of the token fell by USD 8.83 or 32% in November.

If WAVES goes above $ 16 in value, this is a solid buy as it has the potential to hit $ 20 by the end of December. However, if it falls below $ 15, then the buying decision should be reconsidered.

Should you buy Audius (AUDIO)?

On December 20, Audius (AUDIO) was valued at $ 1.39.

To get a better idea of what exactly this means for the AUDIO token, we will compare its current value with its all-time high as well as its performance in November.

The AUDIO token hit its all-time high of $ 4.95 on March 27th.

At its all-time high, the value of the token was $ 3.56, or 256%, higher than it was on December 20.

If we look at the token's performance over the past month, we can see that its highest value was on November 18th when it hit $ 3.41.

However, its lowest point was on November 22nd when its value fell to $ 2.04.

Here we can see that the token has lost $ 1.37 or 40% in value.

With that in mind, AUDIO has the potential to climb to $ 2 by the end of December, making it a solid buy.

The post Top 3 Solana projects to buy on December 20th: LINK, WAVES and AUDIO appeared first on BitcoinMag.de .

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