#LINK🔥🔥🔥

In the rapidly developing 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 an ICO in September 2017, selling 350 million LINK and raising 32 million USD, accounting for 35% of the total supply.

LINK tokens are mainly used to pay for 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 will receive LINK rewards; conversely, if a node acts maliciously, providing incorrect data or experiencing 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, providing different data sources for the ecosystem and gaining project rewards; or become a node operator, following project 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, then LINK will undoubtedly have significant price potential. During the 2021 bull market, LINK's price once reached 53 USD.

Looking at the trend, I think this coin can place a single contract with a head position of 23.733, supplementing around 22.713, with a loss at 21.948; 22.713 is the support-resistance exchange point on the weekly chart.