NFT News by Thebittimes.Com

Chain LINK ( LINK ) is poised for a substantial price surge, according to a recent tweet by prominent cryptocurrency analyst Michaël van de Poppe. The analyst suggests that Chainlink has awakened from a crucial support area. This indicates that the low is likely in and that a continuation of the upward trend is expected. Van de Poppe goes on to state that he wouldn’t be surprised to see a 150-300% price increase. Also read: VeChain June Price Prediction: Can VET Hit $0.05? #Chainlink woke up from the crucial area of support. Likely, there's going to be continuation and the low is in. From this point, I wouldn't be surprised with at 150-300% price increase. pic.twitter.com/ulweEUpAYV — Michaël van de Poppe (@CryptoMichNL) May 27, 2024 Chainlink’s Recent Price Performance and Expert Predictions Chainlink has been experiencing significant growth in recent weeks. LINK is currently trading up 6.2% in the last 24 hours and an impressive 26...

Chainlink’s early access staking program quickly maxes out, with $632 million in LINK staked, indicating strong community interest. Eligible users staked some 40.8 million Chainlink (LINK) tokens worth an estimated $632 million during the protocol’s early access staking program, signaling strong interest in its v0.2 infrastructure. Stakers filled the allocation within six hours after Chainlink raised its pool limit from 25 million LINK in v0.1 to 45 million under the latest iteration, accounting for 8% of the token’s circulation supply. Chainlink said it would allow general access on Dec. 11, enabling anyone to stake up to 15,000 LINK. This move to provide a revamped staking model is reportedly part of Chain link’ s Economic 2.0 plan. The project said it would expand its ecosystem to new users and reward stakers for on-chain participation.  Specifically, Chainlink Staking enables ecosystem participants, such as node operators and community members, to back the performanc...

With the global crypto market cap down by around 2%, most top coins were trading in red on Tuesday. Like always, exceptions managed to garner the limelight. Decentralized blockchain and oracle network Chain LINK ’s native LINK token defied the broader slump and emerged as the second largest gainer today. The whole ecosystem is currently bearing the brunt of the FTX fallout. Nonetheless, it seems like Chain LINK has benefitted from the same. A recent tweet by Santiment revealed that the network’s active addresses began surging around the time FTX collapsed. In fact, it is currently, hovering around its May 2021 high. Chalking out the same, the analytics platform tweeted, “ The bigger story is the LINK ’s sudden active address surge, which began surging approximately when the FTX fallout occurred, & it is still up at one-year high levels. “ As far as numbers are concerned, over 8k unique addresses interacted—or became direct participants in su...