Chainlink, an Ethereum-based platform that facilitates decentralized oracles, is gearing up for a significant upgrade with the introduction of v0.2. O
Chainlink’s v0.2 upgrade may not yet be fully priced into LINK as the migration is underway. Chainlink's upgrade offers staking opportunities with a 45 million LINK pool size. The falling reserves and rising LINK accumulation signal positivity, while increased net deposits introduce uncertainty. n Friday, LINK is trading in the 24-hour range of $7.27 and $7.69after registering 5% price gain. However, Chainlink might not have fully factored in the impending upgrade into the token's value.
2 upgrade will be fully priced into the LINK token's value after the general access migration from v0.1 to v0.2 concludes. Chainlink's exchange reserves paint positive picture Two critical factors offer a mixed picture for Chainlink's LINK token. Firstly, exchange reserves or LINK tokens with exchanges have continued to fall in the last seven days. A decrease in exchange reserves typically suggests lower selling pressure, bullish for LINK price.
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