Oh, dear readers, gather ’round and let me spin you a tale of crypto magic and political prestidigitation! 🎩✨ Chainlink, the marvel of the blockchain world, has been dancing merrily at the top of the cryptocurrency charts like a well-fed cat on a sunny windowsill. Let’s dive into the enchanting numbers, shall we?
On the magical date of Friday, Aug. 8, Chainlink (LINK) 🦊 soared with a 9% daily gain, pushing its price above $18.1, as if it had been sprinkled with fairy dust. But what conjured this spell? Two potent potions, my friends: a sprinkle of hope from the great and powerful Donald Trump, who hinted at tariff relief for tech imports, and the grand unveiling of Chainlink’s new strategic on-chain LINK reserve. 🏦✨
The official announcement revealed that the Chainlink Reserve would be filled with both on-chain and off-chain revenues, including the mystical enterprise payments and fees collected via Chainlink’s Payment Abstraction system. 🧙♂️💰
This treasure trove of tokens is now being magically transformed into LINK and stored on-chain, with no plans to withdraw them anytime soon. In fact, the Reserve had already accumulated over $1 million in LINK tokens, proving that the magic of adoption works swiftly and efficiently. 🚀💰
We’re excited to announce the launch of the Chainlink Reserve, a new upgrade centered on the creation of a strategic onchain reserve of LINK tokens.
The Chainlink Reserve is designed to support the long-term growth and sustainability of the Chainlink…
– Chainlink (@chainlink) August 7, 2025
The Payment Abstraction layer has been upgraded to accommodate both off-chain and on-chain revenues, allowing for the seamless conversion of stablecoins and other assets into LINK, which might just give the token a little extra oomph. 💪💸
LINK Eyes $20 Resistance as Rally Clears 20-Day Moving Average
On Thursday, Chainlink (LINK) 🦊 leaped 5.67% to close at $19.52, breaking free from the chains of the 20-day simple moving average, now sitting comfortably at $17.02. 📈🎉
This delightful rally followed a week-long siesta near the $16 support level. With the breakthrough past the 5, 8, and 13 SMAs, LINK is now in an accelerated recovery mode, with the $20 mark looming large on the horizon, last seen in mid-July. 🌈🚀
Chainlink price forecast | LINKUSDT
The Relative Strength Index (RSI) stands at 64.15, well below the extreme overbought threshold of 70. This suggests that LINK has plenty of room to soar higher, especially if daily trading volume continues to rise. 📈🔥
The establishment of the Chainlink Reserve and its token lockup mechanisms could further tighten the supply, adding fuel to the fire of the rally. 🔥💎
To sum it up, the perfect storm of limited short-term supply and a bullish market mood may just propel LINK above the $20 mark, with a potential target near $21.50, the local high from June. 🌟🚀
Solaxy Presale Heats Up as Chainlink Catalyzes Layer-2 Hype
While Chainlink basks in the glory of its on-chain reserve, the Layer-2 realm is abuzz with excitement over Solaxy, Solana’s first native Layer-2 protocol. 🌐🔥
Solaxy Presale
With over $14 million already raised, Solaxy’s presale is offering up to 70% APY for early stakers of its native $SOLX token. As the Solaxy team gears up for major CEX listings and the next phase of their grand plan, early investors are eagerly awaiting the next price tier unlock. 🚀💰
At the time of writing, Solaxy’s official presale website still offers early access to staking incentives and ecosystem rewards, making it a golden opportunity for those who dare to seize the day. 🌞🌟
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2025-08-09 02:33