Problems of LINK investors and how to solve them

Thanks to price feed technology and oracles, Chainlink has made a name for itself in the industry. While the ecosystem is making great strides from a technical point of view, how does it fare from an investment point of view?

What’s new at Chainlink?

The network has been incorporated into many DeFi protocols and GameFi projects, leading to skyrocketing adoption rates. follow notification Officially, the network’s VRF has been incorporated into the Spark Era game to ensure that the in-game random NFT generation is done in a fair and secure manner.

Chainlink Là Gì? Toàn Tập Về Đồng Tiền Điện Tử LINK

Previously was Bonded Finance integrated the network’s prize feed to support loans for altcoins. In addition to these developments, Chainlink CEO Sergey Nazarov. in an interview with Sibos explain:

“I think the most important limiting factor is safe integration. This is something that Chainlink spends a lot of time researching for. “

With Chainlink aiming to solve these problems, is now the time for investors to jump into the bullish hype? It seems so.

Why?

If you look at investor performance, you will find that it is quite strange. Although hopefully these network developments will fix that.

Giải Pháp Oracle Tùy Chỉnh Chainlink (LINK) Mới Này Là Cầu Nối Giữa CeFi Và  DeFi 16/10/2021

Investors have lost a lot of confidence since the 25% decline on September 20. The proof is that the supply of exchanges has increased by more than 10 million LINK.

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Provision of LINK on exchanges | The source: Glass knot

This does not necessarily mean that the investor is selling. However, validators don’t sell either. Their stocks have not decreased. Your balance is currently at 5.162 LINK and has been rising continuously since 9/14.

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Chainlink Validator Balance | The source: mood

It also shows Age of Consumption, an indicator of how many older coins of all ages have been moved recently that long-term (LTH) holders are selling.

Almost 2.5 billion daily coins are destroyed in each peak. This suggests that LTH will continue to take profits, rather than HODL as with other cryptocurrencies.

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Age coin consumed | The source: mood

Fortunately, the medium-term owners are sticking to LINK despite the sluggish growth this month. As a result, the number of addresses rose by 4% (20,000 addresses) after one year.

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Development activities of Chain link | The source: mood

In short, since Chainlink continues to prove itself through regular integrations with other projects, it could soon win back the trust of other investors as well.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Minh Anh

According to AMBCrypto

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Problems of LINK investors and how to solve them

Thanks to price feed technology and oracles, Chainlink has made a name for itself in the industry. While the ecosystem is making great strides from a technical point of view, how does it fare from an investment point of view?

What’s new at Chainlink?

The network has been incorporated into many DeFi protocols and GameFi projects, leading to skyrocketing adoption rates. follow notification Officially, the network’s VRF has been incorporated into the Spark Era game to ensure that the in-game random NFT generation is done in a fair and secure manner.

Chainlink Là Gì? Toàn Tập Về Đồng Tiền Điện Tử LINK

Previously was Bonded Finance integrated the network’s prize feed to support loans for altcoins. In addition to these developments, Chainlink CEO Sergey Nazarov. in an interview with Sibos explain:

“I think the most important limiting factor is safe integration. This is something that Chainlink spends a lot of time researching for. “

With Chainlink aiming to solve these problems, is now the time for investors to jump into the bullish hype? It seems so.

Why?

If you look at investor performance, you will find that it is quite strange. Although hopefully these network developments will fix that.

Giải Pháp Oracle Tùy Chỉnh Chainlink (LINK) Mới Này Là Cầu Nối Giữa CeFi Và  DeFi 16/10/2021

Investors have lost a lot of confidence since the 25% decline on September 20. The proof is that the supply of exchanges has increased by more than 10 million LINK.

shortcut

Provision of LINK on exchanges | The source: Glass knot

This does not necessarily mean that the investor is selling. However, validators don’t sell either. Their stocks have not decreased. Your balance is currently at 5.162 LINK and has been rising continuously since 9/14.

shortcut

Chainlink Validator Balance | The source: mood

It also shows Age of Consumption, an indicator of how many older coins of all ages have been moved recently that long-term (LTH) holders are selling.

Almost 2.5 billion daily coins are destroyed in each peak. This suggests that LTH will continue to take profits, rather than HODL as with other cryptocurrencies.

shortcut

Age coin consumed | The source: mood

Fortunately, the medium-term owners are sticking to LINK despite the sluggish growth this month. As a result, the number of addresses rose by 4% (20,000 addresses) after one year.

shortcut

Development activities of Chain link | The source: mood

In short, since Chainlink continues to prove itself through regular integrations with other projects, it could soon win back the trust of other investors as well.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Minh Anh

According to AMBCrypto

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

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