LINK is the token of the ChainLink project, specifically designed to provide external data for smart contracts. It acts like a bridge, securely transmitting information such as real-world prices and weather to the blockchain, enabling reliable operation of applications like DeFi and insurance.
ChainLink employs a decentralized oracle network, with multiple independent nodes verifying the authenticity of data, avoiding single points of failure and tampering. Users pay node operators' fees using LINK tokens.
As one of the earliest oracle projects to be implemented, ChainLink has been adopted by mainstream protocols like Aave, occupying a leading position in the data services sector, giving LINK long-term value support.
This is also a coin that Guo has always been optimistic about.
Recently, it has been very strong, breaking away from the market and developing an independent trend. According to on-chain data, a large amount of funds has been continuously flowing in, with four addresses accumulating $13.86 million worth of LINK in a short period.
Gradually approaching the previous high around 27 and maintaining an advantage, LINK's current price has reached a bottom, and the daily chart has started to show volume after hitting the bottom. The current increase is not too much, so it is possible to find a position to enter with a long-term target of $50!
I will notify everyone in a timely manner when there is a suitable entry position!
