Investors Transitioning from Polkadot, Chainlink, and Algorand to Zig Network

As the general crypto market has pulled out of the neutral index for the first time since July 31, investors are looking for gains beyond Polkadot (DOT), Chainlink (LINK), and even Algorand (ALGO). Zig Network (ZIG) has already garnered the attention of those seeking new growth opportunities. Could this be the next crypto to disrupt the rankings? Investors seem to think so.

Polkadot (DOT) Sinks Further and Further

Over the past month, Polkadot has struggled to sustain above $5. The DOT token reached a $4.96 high towards the end of September before crashing below $4.45 in August.

Worse, analysts have ruled Polkadot out from profitable movement after an inflation rate as high as 52%. Down -92% from its all-time high, Polkadot DOT sentiments have started tilting bearish.

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Chainlink (LINK) Netflows Take a Hit

Similarly, Chainlink (LINK) has barely kept afloat after scarcely 2.6% growth in the past month. Despite its 0.56 correlation with Bitcoin (BTC), Chainlink (LINK) has been left behind in market progression.

At press time, 60% of Chainlink (LINK) holders are recording losses as total exchange netflows hit -$33.72 million. Chainlink (LINK) holders have taken to Zig Network (ZIG) to hedge their investments and protect capital.

Algorand (ALGO) Leaves Holders To Dry

Algorand is currently dubbed one of the worst-performing tokens of 2024 after being outperformed by 66% of top cryptocurrencies in one year. With 16 red days in the last 30 days, ALGO trades below its 100-day SMA.

Moreover, an astounding 90% of ALGO holders are in losses. It last had a positive movement in May 2024, and as such, many of its users are migrating to Zig Network.

Zig Network (ZIG) Headlines New DeFi Model

There’s a buzz among crypto enthusiasts and analysts keen to explore the possibilities with Zig Network (ZIG). This platform has been lauded as the closest attempt DeFi has at matching traditional finance.

The best implementation has to be ZIG’s day-to-day integration. With the ZIG debit card, the users can now make purchases and have their ZIG wallets debited. It has highlighted itself as a platform that intends to erase DeFi restrictions.

Additionally, investors can earn on the side from staking, as Zig Network rewards top ZIG holders via its shared governance system. All these features strengthen Zig Network’s edge over other projects, such as Polkadot, Chainlink, and Algorand.