Chainlink’s roadmap update pushes its value up, can it retain momentum?

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Chainlink LINK/USD is a decentralized blockchain platform that enables smart contracts to access real-world data, such as data feeds, APIs, and even banking systems.

This is done through the usage of Oracles, which find, verify and submit the real-world information within the blockchain-based smart contracts.

The LINK cryptocurrency is used as a means of paying the node operators within the system.

The long-term staking roadmap release as a catalyst for growth 

On June 7, 2022, the Chainlink team ended up publishing the documentation regarding  “Long-Term Goals, Roadmap, and Initial Implementation,” which outlined the further stages regarding the data oracle blockchain project.

Specifically, the blog references the “Chainlink Economics 2.0”, which put a specific focus on staking as part of the goal to scale the system and even integrate more blockchain networks.

There are four long-term goals for Chainlink, which ended up launching oracles on Solana as well this month. 

Its primary goal is to increase the security and user assurances of Chainlink oracle services.

The second is to encourage community participation in involvement, and the third is to generate sustainable rewards for long-term use for staking.

Then, the fourth goal is to empower node operators as a means of helping them access higher-value jobs through staking.

The goal here is that, over time, node operators can have greater opportunities when it comes to participating in Decentralized Oracle Networks (DONs), which increase security.

On June 8, 2022, Chainlink (LINK) had a value of $8.36.

link usd

To see what this value point means for the future of LINK, we will be going over its all-time high point of value, as well as its performance throughout the previous month.

The all-time high of Chainlink (LINK) was on May 10, 2021, when the token reached a value of $52.70.

When we go over the performance of the token throughout the previous month, Chainlink (LINK) had its highest point of value on May 5, at $12.22, while its lowest point was on May 12 at $5.79.

This means that the token decreased in value by $6.43 or by 52%.

However, from May 12, 202,2 to June 8, 2022, the token did increase in value by $2.57 or by 44%

With all of this in mind and taken into consideration, Chainlink (LINK) can reach a value of $12 by the end of June 2022, making it a solid token to buy.

The post Chainlink’s roadmap update pushes its value up, can it retain momentum? appeared first on Invezz.

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