Shiba Inu price has already seen its fair share of collapse due to the ongoing rumors of Alameda’s balance sheet. As a result, Bitcoin, Ethereum and altcoins, including SHIB have witnessed a sell-off.
MATIC price, following most cryptocurrencies, is declining considerably on Tuesday due to the impact of FTT-induced market volatility. The altcoin, however, has been shielded from excessive drawdown thanks to its recent developments. If a similar momentum is maintained going forward, MATIC might even resume its uptrend.
Chainlink price hit a three-month high despite the ongoing uncertainty and volatility in crypto. Rumors of Samuel Bankman-Fried’s FTX exchange’s insolvency have increased the selling pressure on cryptocurrencies in general. Yet Chainlink has defied the negative sentiment and decoupled from cryptocurrencies to break past the $8.60 level.