#LINK🔥🔥🔥

In the rapidly evolving field of blockchain technology, Chainlink has become a key player, setting industry standards for Web3 services. LINK is the native token of the Chainlink network and plays a core role in providing token price information services.

Risks and Opportunities of Chainlink

LINK is the native token of the Chainlink project, with a total supply of 1 billion, launched in September 2017 during the ICO, selling 350 million LINK and raising 32 million dollars, which is 35% of the total supply.

The LINK token is primarily used to pay off-chain data providers, node operators, and other online service providers as service fees.

Each node needs to stake LINK as collateral; nodes providing accurate and fast data feedback receive LINK rewards; conversely, if a node acts maliciously, providing incorrect data or service errors, the staked LINK will be deducted as a penalty.

With a technical development team, one can become a data provider for the Chainlink network, offering different data sources to the ecosystem and earning project rewards; or become a node operator, following the project's development to gain more profits.

Individual players can only pay attention to LINK's development in the secondary market. If oracles become standard technology in blockchain in the future, LINK will undoubtedly have significant price potential. During the bull market in 2021, LINK's price once reached 53 dollars.

Looking at the trend, I think this coin can put an order for a contract at 23.733 for a long position, add more around 22.713, with a stop loss at 21.948. 22.713 is the level where weekly support and resistance swap.