- Chainlink became quite popular among the whales
- Chainlink’s much awaited staking v0.1 Early Access went live on Ethereum mainnet
Цхаинлинк [ЛИНК] recently gained quite some attention from the whales, which led LINK to make headlines. As per Whalestats, a crypto whale tracking Twitter handle, it was revealed that LINK was among the top 10 cryptos in terms of trading volume among the top 1,000 biggest BSC whales. This update reflected the whales’ trust in LINK.
ЈУСТ ИН: $ ЛИНК @цхаинлинк сада у првих 10 по обиму трговине међу 1000 највећих #БСЦ китови у последња 24 часа 🐳
Погледајте 100 најбољих китова овде: https://t.co/hABj9cqU4d
(и ходл $ББВ да видите податке за првих 1000!)#ЛИНК #вхалестатс #бабивхале #ББВ pic.twitter.com/FWPVRtAjFq
— ВхалеСтатс – листа 1000 најбољих БСЦ богаташа (@ВхалеСтатсБСЦ) Декабрь 7, 2022
Читати Цхаинлинк-ово [ЛИНК] предвиђање цене 2023-2024
Interestingly, this development took place shortly after Chainlink’s much-awaited staking v0.1 Early Access went live on the Ethereum mainnet. In the first v0.1 pool, 2.5 million LINK tokens will be assigned and reserved for node operator holders.
Furthermore, 22.5 million LINK tokens will be allocated to community holders on a first-come, first-served basis.
#Цхаинлинк Стакинг в0.1 Рани приступ је сада уживо на главној мрежи Етхереум!
Почетни скуп за улагање од 25 милиона доступан је за рани приступ, зато уложите свој ЛИНК данас да бисте осигурали своје место и зарадили награде за обезбеђење Цхаинлинк мреже и више # Веб3 ецосистем👇https://t.co/Ee65mcHHPX
— Цхаинлинк (@цхаинлинк) Декабрь 6, 2022
Не само ово, већ LINK’s popularity proved itself yet again as it was on the list of the cryptocurrencies that were trending on CoinGecko on 6 December.
⚡У тренду претраге по @ЦоинГецко
КСНУМКС децембар КСНУМКС$МЦРТ $ ФЕТ $ ЛИНК $АПЕ #Аптос $АПТ $ КНТ $ ДОГЕ #Битцоин $ БТЦ #БТЦ #Полигон $ МАТИЦ #МАТИЦ $ АТОМ pic.twitter.com/hODTkOYe7a— 🇺🇦 ЦриптоДеп #СтандВитхУкраине 🇺🇦 (@Црипто_Деп) Декабрь 6, 2022
However, despite increased whale activity and the launch of staking, LINK’s price was not affected positively. As per CoinMarketCap’s подаци, LINK registered negative 2.81% and 6% daily and weekly gains.
A look at LINK’s on-chain metrics shed some light on what was going on and whether a change is imminent.
Time to celebrate with the metrics
ЦриптоКуант'с подаци revealed that a few of the metrics were working in LINK’s favor. For instance, LINK’s exchange reserve was declining, which indicated less selling pressure.
Moreover, the active addresses and transfer volume also went up. Цхаинлинк’s exchange outflow also registered spikes over the last week. This was by and large is a bullish signal, suggesting a possible uptrend in the coming days.
However, the Market Value to Realized Value (MVRV) Ratio supported the bears as it went down over the last week. This could be an indication of increased chances of a continued price plummet.
Will the bulls be victorious?
Surprisingly, LINK’s daily chart revealed that the bulls and the bears were struggling to beat each other. This was because the Exponential Moving Average (EMA) Ribbon revealed that the 20-day EMA and the 55-day EMA were in an attempt to flip each other.
The Chaikin Money Flow (CMF) was resting well above the neutral position, which was bullish. However, the Relative Strength Index (RSI) registered a slight downtick, suggesting that the bears might as well win the battle.
Source: https://ambcrypto.com/chainlinks-staking-v0-1-launch-could-have-this-impact-on-the-future-of-link/