{"id":510772,"date":"2022-12-01T08:37:50","date_gmt":"2022-12-01T13:37:50","guid":{"rendered":"https:\/\/wncen.com\/?p=510772"},"modified":"2022-12-01T08:37:50","modified_gmt":"2022-12-01T13:37:50","slug":"chainlink-is-about-to-launch-staking-next-target-zones-for-link","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink\/chainlink-is-about-to-launch-staking-next-target-zones-for-link\/","title":{"rendered":"Chainlink (LINK) Is About To Launch Staking – These Are The Next Target Zones"},"content":{"rendered":"

While Chainlink staking v0.1 will go live on the mainnet on December 6, the LINK price has shown a strong performance over the past week. At press time, LINK was trading at $7.58, and thus up 13.5% over the last week.<\/p>\n

Still, Chainlink has been going sideways for seven months. However, thanks to dovish comments from U.S. Federal Reserve Chairman Jerome Powell during a speech<\/a> yesterday, the horizon for relief rallies within the crypto market are widening again.<\/p>\n

Looking at the daily chart, Chainlink is still in the middle of its 7-month range, yet the introduction of staking could generate much more interest for the project.<\/p>\n

Related Reading: US Institutional Investors Flocking Back To Bitcoin \u2013 Is The Bottom In?<\/a><\/div>\n

LINK has not made new lows within the 1-day time frame recently, which suggests bull strength<\/a> from a technical perspective. Chainlink (LINK) price has risen 35% since its recent low.<\/p>\n

Nevertheless, the upper end of the 7-month range remains the next crucial target in the daily chart. If LINK is able to break out, the next target could be the zone around $12.30.<\/p>\n

\"Chainlink
LINK price, 1-day chart. Source: TradingView<\/a><\/figcaption><\/figure>\n

On a smaller time frame, LINK is in the middle of its 7-month range, where key resistance zones can also be found. In the 4-hour chart, a correction was recently observed, after which a renewed upswing occurred.<\/p>\n

From a technical perspective, LINK should not fall below $6.70. Once LINK begins to hold here, it is prudent to look at the $8.50 to $9.50 zone, where the next key resistance is located.<\/p>\n

\"Chainlink
LINK price, 4-hour chart. Source: TradingView<\/a><\/figcaption><\/figure>\n

Chainlink Staking As Catalyst For A Price Boost?<\/h2>\n

With Chainlink staking v0.1 released on the Ethereum mainnet on December 6, the project aims<\/a> to complete an iterative approach to developing future versions of staking beyond this initial release.<\/p>\n

Originally, a lock-in period of 12-24 months, based on a conservative release cycle, was planned. However, after discussions with a number of community members and node operators, it is now clear that a faster iteration with frequent releases, each with a compressed scope, will be the final solution.<\/p>\n

Related Reading: Polygon Surges 12%, Edging Bitcoin And Ethereum, In Last 24 Hours<\/a><\/div>\n

The next version of staking (v0.2) is now scheduled for release in 9-12 months. At that time, stakers from v0.1 will be able to unlock or migrate their staked LINK and rewards for the first time.<\/p>\n

On December 6, only a few addresses will initially be eligible for staking. They will be able to stake up to 7,000 LINK worth about $53,000 in a capped staking pool.<\/p>\n

On December 8, the staking pool will be open to all. Again, there will be an initial cap on the pool of 25 million LINK.<\/p>\n

As staking reduces the supply of liquid LINK, it could be a potential price catalyst, boosting the Chainlink price out of its 7-month range. Investors should therefore closely watch LINK’s performance over the next two week.<\/p>\n","protected":false},"excerpt":{"rendered":"

While Chainlink staking v0.1 will go live on the mainnet on December 6, the LINK price has shown a strong performance over the past week. At press time, LINK was trading at $7.58, and thus up 13.5% over the last week. Still, Chainlink has been going sideways for seven months. However, thanks to dovish comments from U.S. Federal Reserve Chairman Jerome Powell during a speech yesterday, the horizon for relief rallies within the crypto market are widening again. Looking at the daily chart, Chainlink is still in the middle of its 7-month range, yet the introduction of staking could generate much more interest for the project. Related Reading: US Institutional Investors Flocking Back To Bitcoin \u2013 Is The Bottom In? LINK has not made new lows within the 1-day time frame recently, which suggests bull strength from a technical perspective. Chainlink (LINK) price has risen 35% since its recent low. Nevertheless, the upper end of the 7-month range remains the next crucial target in the daily chart. If LINK is able to break out, the next target could be the zone around $12.30. On a smaller time frame, LINK is in the middle of its 7-month range, where key resistance zones can also be found. In the 4-hour chart, a correction was recently observed, after which a renewed upswing occurred. From a technical perspective, LINK should not fall below $6.70. Once LINK begins to hold here, it is prudent to look at the $8.50 to $9.50 zone, where the next key resistance is located. Chainlink Staking As Catalyst For A Price Boost? With Chainlink staking v0.1 released on the Ethereum mainnet on December 6, the project aims to complete an iterative approach to developing future versions of staking beyond this initial release. Originally, a lock-in period of 12-24 months, based on a conservative release cycle, was planned. However, after discussions with a number of community members and node operators, it is now clear that a faster iteration with frequent releases, each with a compressed scope, will be the final solution. Related Reading: Polygon Surges 12%, Edging Bitcoin And Ethereum, In Last 24 Hours The next version of staking (v0.2) is now scheduled for release in 9-12 months. At that time, stakers from v0.1 will be able to unlock or migrate their staked LINK and rewards for the first time. On December 6, only a few addresses will initially be eligible for staking. They will be able to stake up to 7,000 LINK worth about $53,000 in a capped staking pool. On December 8, the staking pool will be open to all. Again, there will be an initial cap on the pool of 25 million LINK. As staking reduces the supply of liquid LINK, it could be a potential price catalyst, boosting the Chainlink price out of its 7-month range. Investors should therefore closely watch LINK’s performance over the next two week.<\/p>\n","protected":false},"author":571,"featured_media":502066,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83381],"tags":[16295,16097],"class_list":["post-510772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chainlink","tag-chainlink","tag-link"],"acf":[],"yoast_head":"\nChainlink Is About To Launch Staking, Next Target Zones For LINK<\/title>\n<meta name=\"description\" content=\"Chainlink is still in the middle of its 7-month range, yet the introduction of staking could generate much more interest for the project.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Chainlink (LINK) Is About To Launch Staking – These Are The Next Target Zones","url":"http:\/\/wncen.com\/news\/chainlink\/chainlink-is-about-to-launch-staking-next-target-zones-for-link\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/chainlink\/chainlink-is-about-to-launch-staking-next-target-zones-for-link\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Chainlink-1.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Chainlink-1.png?fit=774%2C388"},"articleSection":"Chainlink","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["chainlink","link"],"dateCreated":"2022-12-01T13:37:50Z","datePublished":"2022-12-01T13:37:50Z","dateModified":"2022-12-01T13:37:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Chainlink (LINK) Is About To Launch Staking – These Are The Next Target Zones\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/chainlink\\\/chainlink-is-about-to-launch-staking-next-target-zones-for-link\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/chainlink\\\/chainlink-is-about-to-launch-staking-next-target-zones-for-link\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Chainlink-1.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Chainlink-1.png?fit=774%2C388\"},\"articleSection\":\"Chainlink\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"chainlink\",\"link\"],\"dateCreated\":\"2022-12-01T13:37:50Z\",\"datePublished\":\"2022-12-01T13:37:50Z\",\"dateModified\":\"2022-12-01T13:37:50Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Chainlink-1.png?fit=774%2C388","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/510772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=510772"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/510772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/502066"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=510772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=510772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=510772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}