Chainlink, one of the popular altcoin projects, has caught the attention of investors after announcing the release of Staking v0.2 this year. Following the announcement, the Chainlink team officially unveiled their new update. Both developments have led to significant price increases for LINK, making it one of the top-performing altcoins today.
Chainlink Staking v0.2 Launch
The launch of Chainlink Staking v0.2 was announced today, triggering optimism among investors as indicated by recent price surges. According to the Chainlink team, investors will enjoy advantages such as liquid rewards, allowing token holders to claim rewards at any time with zero penalties.
In addition to token sharing, the modular architecture, dynamic rewards, and new oracle services are said to be attractive features for the Chainlink Staking v0.2 launch.
Furthermore, users of Chainlink Staking v0.1 will have early access to Chainlink Staking v0.2. Those on the early access whitelist will have priority access to v0.2 after the v0.1 transition period ends. Early access eligibility will be determined based on on-chain and off-chain activities verified using the Web3 wallet.
LINK Price Performance
The rise in Chainlink’s LINK price is expected to continue due to its advanced staking features such as smart contract expandability, data oracles, decentralized finance (DeFi) dominance, and increased network power. With Staking v0.2, Chainlink provides users with enhanced crypto-economic security and greater flexibility.
So far, LINK has experienced a significant price movement and is currently trading at $10.45, showing a 12.43% increase in the past 24 hours. Data indicates that the altcoin’s price has risen by nearly 40% in the past 7 days. The upward trend has gained momentum, especially with the announcement of Chainlink Staking v0.2’s release.
