Chainlink Sees Significant Holder Growth

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 4 days ago

KAS-0.54%

W+1.6%

LINK+1.214%

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Surge in Holder Count: Chainlink's total number of non-empty wallets has reached 892,800, with over 8,000 new holders added in just five days; if this growth continues, it could surpass 900,000 by the weekend, drawing increased market attention to its potential.
Ecosystem Expansion: Despite LINK's price remaining near historical lows, Chainlink is strengthening its market position through various institutional initiatives, including DTCC collateral infrastructure and 24-hour equity data services, indicating that network participation is improving and may set the stage for future price rebounds.
Buyback and Inflows: Over the past 90 days, Chainlink has repurchased $15 million worth of LINK without any token unlocks, with current reserves holding 4.5 million LINK and cumulative inflows reaching $49.5 million, reflecting a healthy financial status.
Technical Confirmation Needed: While LINK's price has formed an ascending channel around $7.28, analysts note that buyers must reclaim the $8.80 to $9.20 range to boost market confidence; failing to maintain above current support could intensify bearish sentiment.

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Technical Analysis for KAS

Technical Sentiment Analysis for Kaspa (KAS). As of , Kaspa (KAS) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for KAS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, KAS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Kaspa (KAS) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0213	0.024	0.0268	0.0294	0.0322	0.0349	0.0377
Fibonacci	0.024	0.0261	0.0274	0.0294	0.0315	0.0328	0.0349

About KAS

Kaspa is a proof-of-work (PoW) cryptocurrency which implements the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel, rather allows them to coexist and orders them in consensus. The Kaspa blockchain is actually a blockDAG. This generalization of Nakamoto consensus allows for secure operation while maintaining very high block rates (currently one block per second, aiming for 10/sec, dreaming of 100/sec) and minuscule confirmation times dominated by internet latency.The Kaspa implementation includes a lot of cool features such as Reachability to query the DAG's topology, Block data pruning (with near-future plans for block header pruning), SPV proofs, and later subnetwork support which will make future implementation of layer 2 solutions much easier.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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