The implementation of Chainlink 2.0 will have a positive impact on the value of LINK<\/strong><\/li>\n<\/ul>\nThe top 1% holders of LINK have accumulated 84.44% of Chainlink’s total supply. This amount translates to roughly 353,811,669 LINK tokens valued at\u00a0 $13.207 Billion using Chainlink’s current value of $37.33. The accumulation by the top 1% of Chainlink holders was observed and shared by the team at Glassnode through the following tweet.<\/p>\n
\ud83d\udcc8 $LINK Percent Supply Held by Top 1% Addresses just reached a 3-year high of 84.440%<\/p>\n
Previous 3-year high of 84.402% was observed on 19 April 2021<\/p>\n
View metric:https:\/\/t.co\/Yu7MgXuKe8 pic.twitter.com\/cqQL0PE2eC<\/p>\n
— glassnode alerts (@glassnodealerts) April 21, 2021<\/p>\n<\/p>\n
Chainlink Edged Out of the Top 10 on Coinmarketcap<\/h2>\n
The accumulation of Chainlink by the aforementioned 1% implies that fundamentals and price action surrounding LINK remain strong. However, the digital asset has been edged out of the top 10 in terms of market capitalization, by other popular digital assets such s Dogecoin (DOGE), Cardano (ADA), and XRP.<\/p>\n
Dogecoin (DOGE) has had the proverbial meteoritic rise due to a large social media following and direct endorsements by Elon Musk and Mark Cuban. With respect to Cardano, ADA has been revitalized in the markets by the prospects of the blockchain finally availing smart contracts to developers. XRP on the other hand has continued to flourish despite the FUD of an SEC lawsuit against Ripple.<\/p>\n
Chainlink 2.0 Will Be Key in LINK Regaining a Footing in the Top 10<\/h2>\n
At the time of writing, Chainlink is ranked 12th on Coinmarketcap, and trading at $37.33.<\/p>\n
Late last week, LINK experienced a local low of $28.8 During the recent crypto market meltdown that saw Bitcoin drop to $50,900. Chainlink has since recovered from the event and is attempting at regaining the $38 price area as support.<\/p>\n
With respect to long-term price growth, Chainlink investors remain optimistic that LINK will continue growing based on the adoption of its price oracles across the blockchain industry and the release of the Chainlink 2.0 whitepaper. The latter document details plans of introducing hybrid smart contracts to the project through a series of improvements over time.<\/p>\n
Therefore, and on a fundamental level, Chainlink remains in bullish territory with a return to the top 10 by LINK very likely in the months to follow.<\/p>\n
Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The top 1% LINK addresses now hold<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n
Chainlink Supply Held by Top 1% Addresses Hits 3 Year High of 84.44% - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/chainlink-supply-held-by-top-1-addresses-hits-3-year-high-of-84-44\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chainlink Supply Held by Top 1% Addresses Hits 3 Year High of 84.44% - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"The top 1% LINK addresses now hold\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/chainlink-supply-held-by-top-1-addresses-hits-3-year-high-of-84-44\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-22T16:13:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/chainlink.png\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/chainlink-supply-held-by-top-1-addresses-hits-3-year-high-of-84-44\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/chainlink-supply-held-by-top-1-addresses-hits-3-year-high-of-84-44\/\",\"name\":\"Chainlink Supply Held by Top 1% Addresses Hits 3 Year High of 84.44% - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-04-22T16:13:38+00:00\",\"dateModified\":\"2021-04-22T16:13:38+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/crypto\/chainlink-supply-held-by-top-1-addresses-hits-3-year-high-of-84-44\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/crypto\/chainlink-supply-held-by-top-1-addresses-hits-3-year-high-of-84-44\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/chainlink-supply-held-by-top-1-addresses-hits-3-year-high-of-84-44\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto\",\"item\":\"https:\/\/precoinnews.com\/category\/crypto\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Chainlink Supply Held by Top 1% Addresses Hits 3 Year High of 84.44%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Chainlink Supply Held by Top 1% Addresses Hits 3 Year High of 84.44% - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/crypto\/chainlink-supply-held-by-top-1-addresses-hits-3-year-high-of-84-44\/","og_locale":"en_US","og_type":"article","og_title":"Chainlink Supply Held by Top 1% Addresses Hits 3 Year High of 84.44% - Pre Coin News","og_description":"The top 1% LINK addresses now hold","og_url":"https:\/\/precoinnews.com\/crypto\/chainlink-supply-held-by-top-1-addresses-hits-3-year-high-of-84-44\/","og_site_name":"Pre Coin News","article_published_time":"2021-04-22T16:13:38+00:00","og_image":[{"url":"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/chainlink.png"}],"author":"mediabest","twitter_card":"summary_large_image","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/crypto\/chainlink-supply-held-by-top-1-addresses-hits-3-year-high-of-84-44\/","url":"https:\/\/precoinnews.com\/crypto\/chainlink-supply-held-by-top-1-addresses-hits-3-year-high-of-84-44\/","name":"Chainlink Supply Held by Top 1% Addresses Hits 3 Year High of 84.44% - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-04-22T16:13:38+00:00","dateModified":"2021-04-22T16:13:38+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/crypto\/chainlink-supply-held-by-top-1-addresses-hits-3-year-high-of-84-44\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/crypto\/chainlink-supply-held-by-top-1-addresses-hits-3-year-high-of-84-44\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/crypto\/chainlink-supply-held-by-top-1-addresses-hits-3-year-high-of-84-44\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Crypto","item":"https:\/\/precoinnews.com\/category\/crypto\/"},{"@type":"ListItem","position":3,"name":"Chainlink Supply Held by Top 1% Addresses Hits 3 Year High of 84.44%"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/122201"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=122201"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/122201\/revisions"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=122201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=122201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=122201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![](\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/chainlink.png\")
![\"Avatar\"](\"https:\/\/secure.gravatar.com\/avatar\/12e7e4f671062cb1cefcc54d75fad365?s=50&d=retro&r=g\")
<\/p>\n