Successfully took down $LINK short position 🚀🚀🚀!
1. LINK is the native token of the Chainlink network, based on the Ethereum blockchain and follows the ERC-677 standard. Its total supply cap is 1 billion tokens, with approximately 630 million currently in circulation.
2. As a payment method, it is used by smart contract developers to purchase data services from node operators; it also serves as an incentive and staking tool, where nodes earn LINK rewards for providing accurate data, and staking LINK ensures service quality and data reliability.
3. Chainlink is a leader in the decentralized oracle space, with LINK widely used in over 400 protocols, holding the largest market share in the oracle sector and securing a place among the top 20 cryptocurrencies by market capitalization.
LINK has been something I have been closely watching; I noticed large holders concentrating on selling, so I informed fans to enter short positions around 13.67, and we took this wave!
I will continue to prepare for the next order to recover losses.