Chainlink Launches v0.2 Update, Expanding Staking Pool and Enhancing System

One sentence summary – Chainlink has launched an update to its staking ecosystem, increasing the staking pool from 25 million LINK to 45 million LINK, which brings enhancements to the system and allows more participants to take advantage of it, potentially leading to a shortage in the supply of LINK tokens and impacting its price, while market indicators suggest a potential shift in the ecosystem and its impact on supply, demand, and market price.

At a glance

  • Chainlink has expanded its staking pool from 25 million LINK to 45 million LINK
  • The v0.2 update brings greater flexibility, improved security guarantees, and a dynamic reward mechanism
  • The release of the v0.2 beta upgrade allows more participants to access Chainlink’s staking ecosystem
  • The increase in the staking pool could potentially lead to a shortage in the supply of LINK tokens, increasing demand and impacting its price
  • Market indicators suggest a significant shift in Chainlink’s staking ecosystem and potential impact on the LINK token’s supply, demand, and market price

The details




News Article

Chainlink has recently launched an update for its staking ecosystem, expanding the staking pool from 25 million LINK to 45 million LINK.

This update, known as v0.2, brings several enhancements to the system.

These enhancements include greater flexibility, improved security guarantees, and the implementation of a dynamic reward mechanism.

Release of v0.2 Beta Upgrade

The release of the v0.2 beta upgrade will gradually provide access to a wider range of participants.

This allows more individuals to take advantage of Chainlink’s staking ecosystem.

However, this increase in the staking pool could potentially lead to a shortage in the supply of LINK tokens.

This shortage could subsequently increase demand, which may impact its price.

As of last week, LINK experienced a decline of over 4%, reaching a trading price of $5.91.

LINK currently holds a market capitalization of approximately $3.1 billion.

Market Indicators

Notably, market indicators such as the Relative Strength Index (RSI) and the Money Flow Index (MFI) are entering the oversold zone.

This could potentially result in increased buying pressure.

Additionally, the Moving Average Convergence Divergence (MACD) indicates the possibility of a bullish crossover.

Meanwhile, the On-Balance Volume (OBV) remains relatively low.

These developments suggest a significant shift in Chainlink’s staking ecosystem.

They also suggest a potential impact on the LINK token’s supply, demand, and market price.

It is important to closely monitor these changes as they unfold.


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ambcrypto.com
– Chainlink has launched an update for its staking ecosystem, increasing the staking pool from 25 million LINK to 45 million LINK.
The update, v0.2, introduces greater flexibility, improved security guarantees, and a dynamic reward mechanism.
The release of the v0.2 beta upgrade will progressively expand access to a broader scope of participants.
The increase in the staking pool could cause a shortage in LINK’s supply and increase demand, potentially impacting its price.
– LINK was down by more than 4% last week and was trading at $5.91 with a market capitalization of $3.1 billion.
– Market indicators such as the RSI and MFI were entering the oversold zone, which can increase buying pressure.
The MACD displayed the possibility of a bullish crossover, but the OBV remained low.

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