{"id":273766,"date":"2022-11-28T09:00:13","date_gmt":"2022-11-28T03:30:13","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=273766"},"modified":"2022-11-27T18:32:03","modified_gmt":"2022-11-27T13:02:03","slug":"chainlinks-social-mentions-see-a-spike-can-link-holders-benefit","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/chainlinks-social-mentions-see-a-spike-can-link-holders-benefit\/","title":{"rendered":"Chainlink&#8217;s social mentions see a spike- Can LINK holders benefit?"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Chainlink saw a high percentage increase in its social mentions in the last seven days<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Upcoming LINK staking, Proof of Reserve services, and multiple partnerships could be responsible for the surge in social mentions<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The native token of the <a href=\"http:\/\/ambcrypto.com\/chainlink-assessing-links-behind-the-curtain-scenario-amid-its-recent-rally\/\">Chainlink<\/a> network, <a href=\"http:\/\/ambcrypto.com\/has-chainlink-begun-a-rally-toward-9-4-here-are-some-levels-to-watch-out-for\/\">LINK<\/a>, has witnessed a spike in social mentions, according to data from Lunar Crush. The network recorded over 3,000 mentions per hour, which was 586% more than the 7-day average. Were there any specific factors that caused this interest?<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcca INSIGHT: <a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LINK<\/a> social mentions measured hourly hit 3.01K, 586% above the 7-day average.<\/p>\n<p>&mdash; LunarCrush (@LunarCrush) <a href=\"https:\/\/twitter.com\/LunarCrush\/status\/1596544419985256448?ref_src=twsrc%5Etfw\">November 26, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><span style=\"font-weight: 400;\">\u00a0 <\/span><\/h3>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read <\/span><a href=\"http:\/\/ambcrypto.com\/predictions\/chainlink-price-prediction\"><span style=\"font-weight: 400;\">Chainlink&#8217;s (LINK) Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> for 2022-2023<\/span><\/p>\n<hr \/>\n<h3><strong>Social dominance metric ticks upward<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Chainlink&#8217;s social dominance indicator increased slightly on 26 November, according to Santiment. Before that, LINK had also received a respectable number of social mentions; on 19 November, the measure reached above 1%. Additionally, it revealed an increasing interest in Chainlink and LINK. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Data from Lunar Crush corroborated Santiment&#8217;s chart.\u00a0<\/span><\/p>\n<figure id=\"attachment_273773\" aria-describedby=\"caption-attachment-273773\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/ChainLink-on-Ethereum-LINK-11.43.25-27-Nov-2022.png\"><img decoding=\"async\" class=\"size-full wp-image-273773\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/ChainLink-on-Ethereum-LINK-11.43.25-27-Nov-2022.png\" alt=\"Could these Factors be Responsible for the Surge in Chainlink\u2019s Social Mentions? Decoding Details\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/ChainLink-on-Ethereum-LINK-11.43.25-27-Nov-2022.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/ChainLink-on-Ethereum-LINK-11.43.25-27-Nov-2022-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/ChainLink-on-Ethereum-LINK-11.43.25-27-Nov-2022-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/ChainLink-on-Ethereum-LINK-11.43.25-27-Nov-2022-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/ChainLink-on-Ethereum-LINK-11.43.25-27-Nov-2022-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/ChainLink-on-Ethereum-LINK-11.43.25-27-Nov-2022-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-273773\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h3><strong>What are some possible triggers for the rise of Chainlink?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The recent upward trend in LINK&#8217;s price is one potential factor that could be responsible for the heightened interest. Looking at LINK in the daily timeframe revealed that it had had a successful run. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the chart, the asset was in an uptrend and had increased by over 20% since 21 November. Around $5 served as the prior support level, while approximately $7 was the support price, at the time of writing.<\/span><\/p>\n<figure id=\"attachment_273771\" aria-describedby=\"caption-attachment-273771\" style=\"width: 1791px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/LINKUSD_2022-11-27_11-43-41.png\"><img decoding=\"async\" class=\"size-full wp-image-273771\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/LINKUSD_2022-11-27_11-43-41.png\" alt=\"Could these Factors be Responsible for the Surge in Chainlink\u2019s Social Mentions? Decoding Details\" width=\"1791\" height=\"678\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/LINKUSD_2022-11-27_11-43-41.png 1791w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/LINKUSD_2022-11-27_11-43-41-300x114.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/LINKUSD_2022-11-27_11-43-41-1024x388.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/LINKUSD_2022-11-27_11-43-41-768x291.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/LINKUSD_2022-11-27_11-43-41-1536x581.png 1536w\" sizes=\"(max-width: 1791px) 100vw, 1791px\" \/><\/a><figcaption id=\"caption-attachment-273771\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The forthcoming staking feature that Chainlink is poised to <a href=\"https:\/\/blog.chain.link\/chainlink-staking-launch-details\/\">introduce<\/a> may have contributed to the chatter centered around LINK. On 21 November, Chainlink declared that the beta version of Chainlink Staking (v0.1) would launch on the <a href=\"http:\/\/ambcrypto.com\/what-does-the-state-of-ethereum-look-like-comparisons-with-stablecoins-imply\/\">Ethereum<\/a> mainnet on 6 December. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The capped v0.1 staking pool would allow addresses that are eligible for Early Access to stake up to 7,000 LINK. Holders of LINK could secure the network and collect rewards simultaneously, thanks to its staking feature.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Chainlink has positioned itself as a provider of Proof-of-Reserve (PoR) services in the wake of the <a href=\"http:\/\/ambcrypto.com\/ftx-sbf-and-a-political-inside-track-making-sense-of-it-all-one-day-at-a-time\/\">FTX<\/a> collapse and the rising need for exchanges to produce evidence of their reserves. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a thread on Twitter posted on 10 November, Chainlink Labs hailed its Proof-of-Reserve product as a solution for upcoming trust difficulties in the cryptocurrency exchange market.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> is at a crossroads.<\/p>\n<p>Will crypto continue to repeat the mistakes of the traditional black-box financial industry? Or will a better system emerge?<\/p>\n<p>A better system is possible, &amp; Proof of Reserve is one way <a href=\"https:\/\/twitter.com\/hashtag\/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw\">#Chainlink<\/a> is providing the transparency that users demand.<\/p>\n<p>\ud83e\uddf5\ud83d\udc47<\/p>\n<p>&mdash; Chainlink (@chainlink) <a href=\"https:\/\/twitter.com\/chainlink\/status\/1590805758643519488?ref_src=twsrc%5Etfw\">November 10, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The ongoing alliances and integrations that Chainlink has been forming could be causing LINK&#8217;s rising prices. The offer of further incentives for <a href=\"http:\/\/ambcrypto.com\/assessing-what-chainlinks-link-improved-popularity-could-mean-for-its-price\/\">LINK<\/a> holders through staking, beginning in December, goes hand in hand with this. Lastly, the growth in social media mentions of the Oracle network and its native coin could also have contributed to the rise.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink saw a high percentage increase in its social mentions in the last seven days Upcoming LINK staking, Proof of Reserve services, and multiple partnerships could be responsible for the surge in social mentions The native token of the Chainlink network, LINK, has witnessed a spike in social mentions, according to data from Lunar Crush.<a href=\"https:\/\/ambcrypto.com\/chainlinks-social-mentions-see-a-spike-can-link-holders-benefit\/\">Continue reading <span class=\"sr-only\">&#8220;Chainlink&#8217;s social mentions see a spike- Can LINK holders benefit?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":273807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[410],"class_list":["post-273766","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view","tag-link"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chainlink&#039;s social mentions see a spike- Can LINK holders benefit? 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She has always been fascinated by how the tides of finance and technology shape communities across demographics. 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