Post
TinTucBitcoin
·
--
Chainlink adds 99,000 LINK to reserves, why has the price stagnated?
Chainlink is tightening supply by locking a total of 1.77 million LINK into a reserve fund, but the price has yet to reflect this, raising the possibility that LINK is being undervalued by the market.
Theoretically, when a portion of the supply is "locked," the price per coin tends to increase if demand simultaneously rises. However, despite Chainlink recording the largest accumulation of LINK to date, the scarcity effect has not yet clearly manifested in price fluctuations.
Theoretically, when a portion of the supply is "locked," the price per coin tends to increase if demand simultaneously rises. However, despite Chainlink recording the largest accumulation of LINK to date, the scarcity effect has not yet clearly manifested in price fluctuations.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.