Chainlink Staking Program Exceeds Expectations, Drives LINK Price Up By 12%
2023年12月9日 - 11:00AM
NEWSBTC
In a significant development for the blockchain data-oracle
project, Chainlink (LINK) has witnessed a significant response to
its enhanced crypto-staking program, amassing over $632 million
worth of its LINK tokens within a remarkably short period.
The company announced a recent press release highlighting the
“overwhelming demand” during the early-access period, which filled
the staking limit in just six hours. Chainlink Unveils Staking v0.2
Chainlink, recognized as the industry-standard decentralized
computing platform, unveiled Chainlink Staking v0.2, the latest
upgrade to the protocol’s native staking mechanism. The Early
Access phase has commenced, inviting eligible participants to stake
up to 15,000 LINK tokens. This phase will last four days before
transitioning into the General Access phase, enabling investors to
stake up to 15,000 LINK tokens as long as the staking pool remains
unfilled. Per the announcement, the upgrade introduces an
expanded pool size of 45,000,000 LINK tokens, equivalent to 8% of
the current circulating supply. This enlargement aims to enhance
the accessibility of Chainlink Staking, enabling a more diverse
audience of LINK token holders to participate. Related
Reading: Bitcoin Has Been In A Class Of Its Own For The Last 10
Years, Top Expert Says Staking forms an integral part of Chainlink
Economics 2.0, which brings an additional layer of cryptoeconomic
security to the Chainlink Network. Specifically, Chainlink Staking
empowers ecosystem participants, including node operators and
community members, to support the performance of Oracle services by
staking LINK tokens and earning rewards for contributing to network
security. While v0.1 served as the initial phase of the Staking
program, v0.2 has been restructured into a fully modular,
extensible, and upgradable Staking platform. Building upon the
lessons learned from the previous release, the v0.2 beta version
focuses on several key objectives. Chainlink is introducing
several new features to enhance its staking program. These include
a new unbinding mechanism that provides more flexibility for
Community and Node Operator Stakers. Additionally, security
guarantees for Oracle services are being reinforced by slashing
node operator stakes. A modular architecture is being adopted to
support future improvements and additions, and a dynamic rewards
mechanism is being introduced to seamlessly accommodate new
external sources of rewards in the future, such as user fees.
Following the conclusion of the Early Access phase on December 11,
2023, the v0.2 staking pool will transition to General Access. At
this stage, anyone will have the opportunity to stake up to 15,000
LINK tokens. LINK Surges To New Yearly High Given Chainlink’s
successful upgrade, LINK, the native token of the decentralized
computing platform, experienced a significant surge of 12%,
reaching a price as high as $17.305. This price level has not
been seen since April 2022, signifying a new yearly high for the
cryptocurrency. However, LINK has retraced slightly and is
currently trading at $16.774. Crypto analyst Ali Martinez has
highlighted a critical support zone for Chainlink. Martinez noted
that over 17,000 addresses purchased 47 million LINK tokens from
$14.4 to $14.8. This accumulation by many addresses suggests
strong buying interest in this price range, potentially acting as a
support level for the token. Related Reading: Dogecoin Above $0.1?
Crypto Analyst Lists Reasons Why DOGE Price Will Continue To Rally
While the support zone may hold and trigger a rebound in the price
of LINK, Martinez cautions that investors should remain vigilant.
Any signs of weakness, such as a breach of the support zone or
negative market sentiment, could prompt investors to sell their
LINK holdings to avoid losses. It remains to be seen whether LINK
can maintain its position above these critical levels and whether
the broader cryptocurrency market will enter an accumulation phase
or experience a retracement after the significant upward movement
witnessed in recent weeks. Such a retracement could
potentially impact LINK’s price and lead to a test of the support
above levels. On the other hand, the token faces immediate
resistance at $17.483, $18.069, and $18.910. These represent the
final hurdles to overcome before LINK reaches the $20 milestone.
Featured image from Shutterstock, chart from TradingView.com
Dogecoin (COIN:DOGEUSD)
過去 株価チャート
から 6 2024 まで 7 2024
Dogecoin (COIN:DOGEUSD)
過去 株価チャート
から 7 2023 まで 7 2024