The new reserve program from Chainlink could create a qualitative shift in LINK currency.
With every fee paid for oracle services being directly converted into purchases of the currency, this means there is a constant buying pressure.
Additionally, the massive derivatives market, which exceeds 11 trillion dollars, could add about 340 million dollars annually to these operations, and even short sellers contribute indirectly to the funding of this program.
As the program begins in the first quarter, the Chainlink network, which holds 68% of the oracle market, will resemble an automatic buying machine, which could accelerate price discovery and push LINK to new levels. 🚀
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