Thread by @Eric_the_Strait

1) LINK on-chain data & staking strategy
Showing the benefits of joining Chainlink Staking Early Access as well as chart analysis using on-chain data indicators offered by sentiment in light of the impending launch of the Chainlink Staking service.

#LINK #Staking #APE #INJ

2) ChainLink price forecast based on analysis of on-chain data

The price increases after large deposits, according to the exchange deposit volume indication. Two sizable exchange deposits have occurred, and the price has increased accordingly.

3) Recently, on November 23, or roughly two weeks before the staking service launched, the third sizable exchange deposit took place. This time around, there could be another price hike.

4) But try to avoid sudden drops in the short term. Price declines when there is a divergence between price and MVRV. Although it is slight, there has recently been a divergence between price and MVRV, so you need to be careful as there may be a short-term downtrend.

5) Due to the staking service, we can expect a short-term uptrend, but we have to be careful when the price reaches that level, as it has met resistance three times at the $9.4 level.

6) Let's see Price change after launch of token staking service of other projects like $APE, $INJ

Announcing upcoming launch of APE staking service:

On Nov 22nd, $APE continues to rise after announcing that the staking service will be launched, and the launch is on Dec 5th.

7) Announcement of INJ Binance Custody Staking Service

After announcing the staking service on Nov 29th, a slight price rise

In general, you can see the price increase after the announcement of the staking service, and LINK can also expect a price increase by this

8) LINK Early Access
blog.chain.link/chainlink-stak…

Chainlink Staking v0.1 is initially capped at 25M LINK, with plans to expand to a maximum of 75M LINK over time.

Early Access eligibility criteria (you only need to meet one criterion)

9) Go to eligibility check: staking.chain.link

Participation benefits of Early Access

1. Priority access to v0.1 staking pool
2. Opportunity to directly stake up to 7,000 LINK up to the full cap on a first-come, first-served basis

10)
3. Chainlink node operators will be given the opportunity to individually stake from a minimum of 1,000 LINK to 50,000 LINK
4. Provide user fee compensation
5. Partner Growth Program (PGP) provides additional benefits

Roadmap Planned for Chainlink Staking Progress

11) Risk Hedging method during staking LINK

Users can use a futures exchange such as Binance or KuCoin to build a 1X short position equal to the amount of LINK staked to prevent loss from a drop in the price of the asset being staked and safely earn only staking profits.

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=> In general, you can see a price increase with launch of staking service.

=> An increase in the price of LINK can be expected through the Exchange Inflow indicator, but a divergence between price and MVRV has occurred, so be careful of a sharp drop in the short term.

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=> To safely take only staking profits, use the futures exchange to open a short position to prevent losses due to price drops.