Chainlink experienced a 10% decline amid a broader selloff in the cryptocurrency market, coinciding with the announcement of a new rewards program. The recent downturn in Chainlink’s value reflects a trend affecting various cryptocurrencies as market sentiment shifts. Investors are reacting to the overall volatility, which has led to significant price fluctuations across the sector. In response to these challenges, Chainlink has introduced a rewards program aimed at incentivizing user engagement and participation. This initiative is designed to enhance the platform’s appeal and encourage more users to interact with its services. The rewards program may also serve to stabilize Chainlink’s position in the market during uncertain times.
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