Chainlink surges 35% in a week as over $100M LINK leaves exchanges

Chainlink surges 35% in a week as over $100M LINK leaves exchanges
фото показано с : cryptoslate.com

2023-10-23 16:00

Chainlink’s native token, LINK, emerged as one of the top performers in the past week, surging 35% in value. This meteoric rise marked the highest weekly close for LINK in over 18 months.

The asset broke through critical resistance levels, hitting highs not seen since May 2022. At its peak, LINK traded at around $11 per token, shattering expectations amid a broader market rally before retracing some of its gains.

While the reasons behind the pump were initially unclear, the launch of Chainlink Staking v0.2 later this year has generated immense hype and optimism for the project’s future potential.

Chainlink Staking v0.2 will introduce features like flexible withdrawals, liquid rewards, modular architecture, and dynamic rewards. These innovations aim to enhance user experience and incentivize participation in the network.

Adding further momentum, over $100 million worth of LINK has come off exchanges in the past 30 days, marking one of the most significant outflows of the year. This supply shock indicates investors are potentially locking up tokens in anticipation of staking rewards from the upcoming v0.2 release.

Chainlink exchange balance outflows (Glassnode)

Liquid rewards allow stakers to claim yields as they accrue rather than waiting for set schedules. The modular architecture will enable seamless upgrades, and dynamic rewards will open new revenue streams.

Chainlink exchange balance(Glassnode)

With prices hitting multi-month highs, all eyes are now on Chainlink as it capitalizes on its technical breakthroughs and cements its status as an industry pioneer. Its long-term capacity to sustain this growth may signal its readiness for mainstream adoption.

The post Chainlink surges 35% in a week as over $100M LINK leaves exchanges appeared first on CryptoSlate.

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ChainLink (LINK) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $17.68
Капитализация $0 Rank 99999
Цена в час новости $ 10.02 (-100%)

link chainlink week through asset broke months

Источник: cryptoslate.com

link chainlink → Результатов: 126


Открытый интерес к фьючерсам на Chainlink приблизился к $110 млн

Стоимость альткоина Chainlink (LINK) за неделю выросла почти на 9%. Он оказался одним из самых результативных на крипторынке за последние 24 часа. В ночь на пятницу, 8 сентября, LINK подорожал до $6,34.

2023-9-8 00:10


Фото:

Chainlink упал до $7,5 из-за ослабления активности крупных трейдеров

За последние семь дней капитализация Chainlink (LINK) увеличилась почти на 6% до $4,087 млрд. В начале недели альткоин укреплялся, благодаря активизации адресов, контролирующих от 100 000 до 10 млн LINK.

2023-8-11 00:51


Chainlink Price Pattern Formation: What It Means For Its Price Action

In recent trading sessions, Chainlink (LINK) has exhibited a bullish trend. It experienced a significant rebound from its $5 support level and has since continued on an upward trajectory. Related Reading: Litecoin Whales Deposit Big To Exchanges, Bearish Sign? Over the past week, LINK has surged more than 12%, although its daily chart indicates a slowdown in gains.

2023-7-19 03:00


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