Additionally, the RSI is hovering around , indicating neither overbought nor oversold conditions.
The LINK token, an ERC20 token built on the Ethereum blockchain, serves as the currency for compensating Chainlink Node operators. These operators are responsible for retrieving data from off-chain data feeds, formatting it into blockchain-compatible formats, performing off-chain computation, and ensuring uptime guarantees. Moreover, the Chainlink token serves as collateral for node operators, acting as a deterrent against malicious actors.
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