LINK Staking v0.2 Launch Imminent, Envisages a Pool of 45M

Crypto News- In a recent revelation by Wu Blockchain, Chainlink (LINK) is on the brink of introducing Staking v0.2, projecting an expansive pool of 45 million LINK tokens, equivalent to approximately $650 million. The allocation breakdown features 40.875 million LINK for the Chainlink community and the remainder designated for node operators. The post details that community members can stake 1-15,000 LINK tokens, while node operators have a range of 1,000-75,000 tokens.

LINK Staking v0.2 Launch Imminent, Envisages a Pool of 45M

Surprisingly, the market response to this imminent staking upgrade has not been entirely favorable, with LINK’s price experiencing a modest 0.98% dip in the last 24 hours. According to CoinMarketCap, LINK is currently trading at $14.42, retracing from a daily high of $15.87. Despite this short-term setback, LINK has displayed a robust performance, boasting a 32% surge in the past week and an impressive 99% increase over the last 30 days.

Analyzing the daily chart for LINK/USDT, the cryptocurrency encountered resistance at the $14.825 level in the past 48 hours, prompting profit-taking and a subsequent price dip. Notably, bulls intervened to prevent LINK from breaching the $13.325 support level, concluding the previous day’s trading at $14.603. Despite the recent blip, LINK’s overall trajectory showcases its resilience and notable gains over extended time frames.