Index
Indicators
Information about Chainlink (LINK)
Chainlink is a platform that aims to bridge the gap between smart contracts based on blockchain technology (widely popularized by Ethereum) and real-world applications. Since blockchains cannot access data outside their networks, oracles must act as data feeds in smart contracts. In the case of Chainlink, the oracles are connected to the Ethereum network.
LINK is a cryptocurrency derived from the Chainlink decentralized oracle network, used to pay node miners. Because the Chainlink network has a reputable scoring system, node providers with many LINKs can be rewarded with larger contracts, but failing to provide accurate results will result in a token deduction. After the $32 million LINK ICO in 2017, 32% of LINK tokens were sent to node operators to incentivize the ecosystem, and 30% stayed on Chainlink for development (35% were sold during the public token sale).
News
Angie Walker, head of Banking and Capital Markets at Chainlink Labs, will be a panelist at the upcoming Euroclear conference alongside other financial giants. The event aims to address the future of private market funds and innovations in finance.
Chainlink is recognized for its advanced technology that facilitates proof of reserves and interoperability among various blockchain networks, contributing significantly to the discussions at the conference.
Chainlink is trading near 14.6 USD support and 16 USD resistance, with significant accumulation by long-term holders indicating a potential rally.
Approximately 65 million LINK is held at the 14.6 USD level, showing strong support. Investors appear to be positioned for long-term rather than short-term trades.
Technical analysis shows LINK under both 50-day and 200-day moving averages. However, the recent bounce from 12 USD could signal a potential bottoming pattern.
Aave is deploying Chainlink’s SVR to recover Oracle-related MEV lost in liquidation events. The integration supports cross-chain payments and converts service fees into LINK cryptocurrency.
In the first six months, the recaptured value will be split 65% for Aave and 35% for Chainlink. This setup aims to benefit the ecosystems generating the value.
Experts emphasize the Aave-Chainlink collaboration’s significance in enhancing DeFi financial security while optimizing liquidation algorithms.
Bitcoin’s price has reached over 88,000 USD, accompanied by impressive gains from various altcoins. The market sentiment appears stable as the Fear & Greed Index approaches neutral territory.
Michael Saylor intends to burn the keys to 17,000 BTC after his death, while North Carolina is contemplating a 5% investment in Bitcoin. GameStop has also established a Bitcoin reserve to enhance its financial health.
BlackRock is broadening its scope to include SOL within its money market operations, and Fidelity is preparing to launch a SOL ETF and introduce a stablecoin. Additionally, Chainlink is working on stablecoin regulation with the government.
People also own