📍The driving force behind Chainlink's price increase is Chainlink Staking v0.2?

✅In the short term, Chainlink Staking v0.2 allows staking of 45 million LINK, equivalent to 4.5% of the maximum total supply and 8% of the circulating supply.

This is about LINK worth 360 million USD (Price 7 USD/LINK).

With a current 24-hour trading volume of 1 billion USD out of a total capitalization of 5.1 billion USD. That may be the reason LINK has increased sharply in recent times.

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🛑 However, actual Staking activities have not helped the Chainlink network much at the present time.

👇As you can see in the image below, Staking v0.1 only supports providing price data of ETH/USD but no other data.

=> So its impact on the network is still quite small.

📍How many people can Chainlink Staking reach?

💰 With a total pool of 45 million LINK. In there:

✅ 40,875,000 LINKs for the Community, each wallet has a maximum of 15,000 LINKs => Equivalent to a maximum of 2,725 wallets.

✅ 4,125,000 LINKs for Node Operators, each node has a maximum of 75,000 LINKs => Equivalent to a maximum of 55 node operators.

🚀 This number has increased from 31 Node Operators in v0.1 and reaches at least 2,725 community wallets that v0.1 does not have!

📍Does Chainlink CCIP bring value to LINK?

Answer: Both YES and NO

🛑 No, because projects using Chainlink CCIP do not need to pay fees with LINK but can pay with blockchain coins. This unintentionally reduces the applicability of LINK coin.

✅Yes, because CCIP's development will bring positive effects to the Chainlink Economics 2.0 network in general.

=> From there, it reflects on the price of LINK in the future (long term).

📍Should I buy LINK now?

👀 In my personal opinion, no. You shouldn't be FOMO!

💎 If you want to buy, the best time is when the sideway price is at $6-$7, which is also the time when I wrote a comprehensive analysis of Chainlink (with 5 parts).

Now that it has just increased strongly, you should wait for the wave to return to the $8 support zone because Chainlink is still a good project and will be there for a long time to invest in.
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