{"id":1283931,"date":"2026-08-11T11:59:50","date_gmt":"2026-08-11T08:59:50","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1283931"},"modified":"2026-08-12T20:11:09","modified_gmt":"2026-08-12T17:11:09","slug":"crypto-corner-can-chainlink-clear-9","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-can-chainlink-clear-9\/","title":{"rendered":"Crypto Corner: Can Chainlink Clear $9?"},"content":{"rendered":"

The Daily Breakdown takes a closer look at Chainlink as it approaches a multi-month high, while diving deeper into Biconomy and IoTeX.<\/p>\n

Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. <\/span><\/i>To keep getting our daily insights<\/i><\/b>, all you need to do is <\/span><\/i>log in<\/span><\/i><\/a> to your eToro account.<\/span><\/i><\/p>\n

Crypto Corner<\/b><\/h2>\n

We\u2019re continuing our talk about the ins and outs of the crypto market, helping investors become more familiar with the <\/span>110+ cryptoassets offered by eToro<\/span><\/a>. Today we\u2019ll discuss Biconomy and IoTeX.<\/span><\/p>\n

Biconomy (BICO): Trading near $0.038 with a market cap of ~$39 million<\/b><\/h4>\n

Biconomy<\/a> is Web3 infrastructure that simplifies on-chain apps. Its Nexus smart accounts and Modular Execution Environment support gas sponsorship, transaction automation, and cross-chain workflows. BICO is used for staking, network security, governance, and incentives, but provides no equity, dividends, or claim on protocol revenue. After rallying about 200% last week, BICO has pulled back notably over the past few days.<\/span><\/p>\n

IoTeX (IOTX): Trading near $0.002 with a market cap of ~$24 million<\/b><\/h4>\n

IoTeX<\/a> is an EVM-compatible Layer-1 network and modular platform for decentralized physical infrastructure networks (DePIN). It connects real-world devices and data to blockchain through tools for identity, off-chain verification, hardware integration, and app-specific chains. IOTX pays gas and service fees, secures the network through staking, and supports governance and device registration. It provides utility and participation rights, not equity, dividends, or shared protocol revenue.<\/span><\/p>\n

Check out these crypto offerings \u2014 and many more \u2014 on <\/b>eToro\u2019s Discover page<\/b><\/a> and consider adding them to your watchlist. <\/b>\u00a0BICO and IOTX are not currently available for NY users. <\/span>Learn more<\/span><\/a>. <\/span><\/p>\n

Want to receive these insights straight to your inbox?<\/strong><\/p>\n

Sign up here<\/a><\/p>\n

The Setup \u2014 Chainlink<\/b><\/h2>\n
\"Daily
Chart as of 8:00 a.m. ET on 8\/11\/2026. Source: eToro ProCharts, courtesy of TradingView.<\/em><\/figcaption><\/figure>\n

Chainlink<\/a> is up about 20% since the start of the third quarter, including this morning\u2019s roughly 4% gain \u2014 about double Bitcoin\u2019s return and in line with Ethereum. Bulls now want to see LINK clear the $9 area, which would put it above the 200-day moving average and last month\u2019s high, potentially adding momentum to the rally. However, if $9 remains resistance, Chainlink could pull back or continue consolidating below this key level.<\/span><\/p>\n

What Wall Street’s Watching<\/strong><\/h2>\n

RKLB<\/b>
\n<\/span>Rocket Lab<\/a> is dipping in premarket trading after its quarterly loss was wider than expected, overshadowing a revenue beat. However, backlog reached $2.36 billion, topping estimates, while third-quarter guidance calls for continued revenue growth. <\/span>Check out the charts for RKLB<\/span><\/a>.<\/span><\/p>\n

NVDA<\/b>
\n<\/span>Nvidia<\/a> is partnering with six Wall Street firms to mobilize more than $500 billion for AI infrastructure. The plan would treat GPUs and data centers as financeable assets, helping Nvidia customers fund hardware purchases without tapping their own balance sheets. Check out our most recent <\/span>Deep Dive into NVDA<\/span><\/a>.\u00a0<\/span><\/p>\n

ONON<\/b>
\n<\/span>On Holding<\/a> is tumbling in premarket trading after quarterly revenue missed estimates and the company tempered its full-year sales outlook. Earnings narrowly beat expectations, while direct-to-consumer sales jumped 26% and its gross-margin forecast improved. <\/span>Dig into ONON<\/span><\/a>.<\/span><\/p>\n

Disclaimer:<\/i><\/b><\/p>\n

Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

The Daily Breakdown takes a closer look at Chainlink as it approaches a multi-month high, while diving deeper into Biconomy and IoTeX. Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in to your eToro…<\/p>\n","protected":false},"author":130,"featured_media":819735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6894],"tags":[],"asset_type":[],"class_list":["post-1283931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-breakdown"],"acf":[],"yoast_head":"The Daily Breakdown's Crypto Corner: Can Chainlink Clear $9?<\/title>\n<meta name=\"description\" content=\"The Daily Breakdown takes a closer look at Chainlink as it approaches a multi-month high, while diving deeper into Biconomy and IoTeX.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1283931\" 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