Twitter crypto analyst Pentoshi joins chorus talking up LINK price potential


Early Access Eligibility App for Chainlink Staking v0.1 Now Released – Photo: Getty Images

Chain link (LINK) The stake will launch later this year, bringing what the crypto described as a “key crypto-economic security mechanism” and “a mechanism in a broader initiative around Chainlink Economics 2.0.”

The initial beta version of LINK The bet will be launched in December 2022. In preparation for the mainnet, the early access eligibility app for Chainlink Staking v0.1 has been released and can be accessed at stakeout.link.in.the.chain.

Chainlink’s rethinking allows “Decentralized Oracle Networks (DONs) to scale to serve a broader range of higher-value applications and use cases across traditional Web 3.0 and Web 2.0 industries,” the project says.

Chainlink Economics 2.0 involves a variety of programs that “focus on improving data security and utility, reducing the operating costs of Oracle services, increasing user fees paid to Chainlink service providers, and allow a broader range of service providers, such as stakeholders, to participate. in the Chainlink ecosystem.”

LINK to USD

Pentoshi’s Bullish Opinion

The cryptanalyst who goes by the alias Pentoshi, and who has more than 641,000 followers on Twitter, believes that LINK will enjoy a surge in price, with the upcoming staking system acting as a “catalyst” for cryptocurrencies to rise.

Pentoshi added that people may be “calm now” but he doesn’t think that will be the case in the near future.

Investors should do their own due diligence before risking money and remember that analyst recommendations are often wrong.

LINK was priced at $7.75 on November 1 and was down 3.68% compared to the day before, but up 13% compared to a week ago according to CoinMarketCap.

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early access

The Early Access Eligibility App will guide members through a “step by step” process to see if they qualify for early access to the v0.1 Stake Pool. To access this, members must verify their eligibility through the app.

Those deemed eligible for early entry to the betting pool will have the opportunity to wager up to 7,000 LINK on a “first come, first served” basis until the pool limit is reached.

Those who are not eligible for the early start will also be able to wager 7,000 LINK “at least for the start”.

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