Chainlink (LINK), one of the major coins that had the best rise season, may have moved towards $ 20 again.
LINK, one of the most prominent coins during the period when BTC increased from $ 25,000 to $ 38,400, continues to attract investors with its effective performance. The major coin, which was traded at $ 10.49 at the beginning of November, reached $ 16.59 in just 10 days, recording an increase of 58.11 percent. As for the current value, it has been rising by 40.46 percent since the beginning of the month.
LINK, which has been correcting recently, showed that it re-targeted $ 20 with its last price move. So, how are things progressing on the technical analysis side?
It came to the fore with the launch of the staking service!
Decentralized computing protocol Chainlink has released Chainlink Staking v0.2 with an expanded pool size of 45 million, upgrading its native staking mechanism. A nine-day “priority migration” period for existing stakers began on November 28. Early access and general access phases will follow on December 7 and December 11, respectively.
According to a statement made by the company, access will also expand to other participants through early access and general access phases starting from December 7 and December 11, respectively, allowing users to stake up to 15,000 LINK.
Chainlink plans to expand its services by increasing the staking pool to 45 million LINK, which is 8 percent of the current circulating supply. These plans will be part of Chainlink’s Economy 2.0 plan, which aims to add an extra layer of security to the network.
One of the clearest star candidates of the Taurus season!
LINK, which managed to be one of the most solid altcoins even during the decline periods, seems to experience sharp rises during the bull season. The popular coin, which also quickly adapted to the increase in BTC at the same time, could head towards $16,627-18,265 and $20,052 respectively if it exceeds $15,212. However, it should not be forgotten that the course of BTC will have a great importance on LINK’s price structure in the short-medium term.
Situations such as BTC failing to settle above $38,000 or LINK pricing below $15,212 will reduce the strength of the pair. In such a scenario, withdrawals up to 13,585 – 12,295 – 11,425 and 10,640 dollars may be seen, respectively.
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