Chainlink ( $LINK ) is a decentralized project that facilitates the connection between networks and the exchange of data between them. As of May 15, 2024, its native token (LINK) has seen a 4.56% correction in the last day, breaking its critical support level of $13,275. Cryptocurrency market volatility has impacted LINK, with bearish pressure evident in its recent price movements.

Among the new features of the project, the connection with MakerDAO stands out to provide stability to DAI and the launch of BENQI, a decentralized lending platform based on Avalanche. Additionally, traditional companies such as FedEx and AccuWeather use Chainlink as a data verification platform. The Chainlink team also collaborates with other DeFi projects and applications, such as AAVE, Compound, and Synthetic.

In terms of tokenomics, $LINK has a maximum supply of 1 billion units, and currently 49% of the total supply is in circulation. Holders can stake LINK to improve the security level of the network. Although the top 100 holders account for 74% of the total supply, staking reduces the likelihood of massive sales taking place.

In summary, Chainlink has interesting potential, but as always, investors should carefully consider their strategy and do thorough analysis before making investment decisions." 🚀🔗💡 $LINK #Altcoins👀🚀 #altcoins