Chainlink Lost 10% in Value; New Reward Program Announced

Chainlink (LINK) dropped by 10% to $15 during heavy trading on Monday morning. This decline marks the lowest level since the crash that occurred in October.

Technical analyses indicate that the risk of the Chainlink token falling to $14.5 remains if it cannot regain the $16 level. This creates a situation that investors should monitor closely.

On the other hand, Chainlink announced a new reward program called Rewards Season 1. This program will offer token incentives to eligible users staking LINK starting next week.