As the volatile market sees a boost in the recent correction phase, the altcoins are collapsing below crucial levels. Amidst this situation, the LINK price trend is showing a correction phase that is fast approaching solid support.
Furthermore, the sentiments are turning bearish with the Bitcoin crashing to the $57,000 level. This could ignite a broader market decline and send LINK prices below $10.
So, this brings us to the most important question: “How high will LINK jump in 2024?”
With Chainlink prices closely watched by analysts and whales, we’re here to give you the lowdown. In our Chainlink Price Forecast 2024-2030, we make calculated predictions and determine – Will LINK prices reach $100 by 2025?
So, read on and get ready for a seat on the spaceship launching LINK to the MOON!
Overview
3.54% LINK Price Forecast August 2024
With a sideways trend above $12, the bullish trend fails to surpass the $22 peak. During the broader market last week, the altcoin dropped to the $12 support zone. However, with a double bottom reversal, the LINK price overcomes the trend line and the 50D EMA.
With the recovery rally, the LINK price jumps 16% and challenges the 200D EMA. If the altcoin falls below the 50D, the downfall could reach the $12 support zone. On the upside, a potential target of $21 is possible by the end of this month.
Click here to read VeChain Price Prediction 2024, 2025 and 2030
What are Chainlink Oracles?
Chainlink Oracles are bridges that allow blockchains to communicate with off-chain resources such as market data. They provide reliable, tamper-proof data to smart contracts, enabling them to access external information necessary for their execution. This integration enhances the functionality of blockchain applications by connecting them to real data and events.
Chainlink’s network displays a TVL of $563.15 million with a market cap of $7.774 billion. The token price stands at $12.81, with a VAT of $12.785 billion. Over the past 24 hours, the token volume has reached $301.15 million. The amount at stake is $563.15 million, representing 7.24% of the market capitalization. The network also has $82.41 million in token liquidity, generating annualized fees of $9,09,669 and annualized revenue of $92,171. Chainlink has raised a total of $32 million, highlighting its strong financial and operational status.
Chainlink Price Prediction 2024
With a market capitalization of $9.674 billion, Chainlink has been an exceptionally good performer in the market recovery of 2024. It is currently ranked 13th in terms of market capitalization in the crypto world. However, LINK prices are 67% below its record high of $54.40.
The recent jump in LINK price teases a bullish breakout of a flag pattern in the daily chart to surpass the crucial resistance at $17.
The unleashed captured momentum will boost the altcoin prices if the LINK prices reach higher above the $20 mark. The breakout rally and the highly anticipated altcoin season of 2024 will push LINK prices to a new high of $60.
In the event of a pullback in mid-2024, a correction to retest $20 is possible.
Chainlink (LINK) Price Prediction for 2025
With partnerships, reserve funds and an in-demand service, LINK could reach $103.13 by 2025. However, if the market crashes, it could drop to $41.44. If smart contracts continue to process seamlessly, it could average $72,285.
Chainlink (LINK) Price Prediction 2026-2030
Chainlink Price Prediction 2026:
As per Chainlink Price Prediction 2026, the high price may be $129.2, the low may reach $107.3. That makes the average about $118.25.
Chainlink Price Prediction 2027:
Moving into 2027, Chainlink Price Prediction predicts to possibly reach a high price of $160.37. With a low of $139.99 and an average of $150.18.
Chainlink Price Prediction 2028:
Moving to 2028, Chainlink Price Prediction predicts a high price of $192.89. On the other hand, the low may drop to $174.59, and the average is expected to be around $183.74.
Chainlink Price Prediction 2029:
According to Chainlink Price Prediction 2029, LINK’s high price is predicted to be $225.58, with a low of $182.1 and an average of $203.84.
Chainlink Price Prediction 2030:
Finally, according to Chainlink Price Prediction 2030, LINK’s price may reach a high price of $253.51. With a low of $213.1 and an average of $233,305.
Chainlink (LINK) Price Prediction 2024 – 2030
Market analysis
*The aforementioned targets are the average targets set by the respective firms.
CoinPedia’s Chainlink (LINK) Price Predictions
Chainlink has the inherent ability to extend smart contracts, enabling data accessibility for events and transactions. Optimism is heating up on a long-term price forecast for the platform.
According to Coinpedia’s formulated prediction, if the network updates in cryptography and starts new partnerships. LINK price can reach a maximum of $60.
On the other hand, many critics began to question the purpose of LINK tokens in the project. If this continues, and other celebrities indicate a supporting statement, the price could suffer and fall to $20. This gives us the average trading price of the token at $40.
We expect the LINK price to peak at $60 by the end of 2024.
Historical market sentiments
To determine whether Chainlink can reach $100 by 2025, we need to examine how market conditions have affected its price in the past. At the end of 2017, when blockchain oracles became popular, the cost of LINK closed the year at almost $0.488.
However, as bearish sentiments took over in 2018, it ended 2018 at around $0.2995. Since early 2019, as real-world usage has increased through notable partnerships, the mood has turned more bullish. This resulted in LINK 2021 ending at around $19.75.
As of January 2022, it traded between $15 and $21 for most of the year. For LINK to reach $100 per token by 2025, sustained optimism must continue to drive over the next few years. Based on past swings in line with overall crypto market cycles, LINK will require bullish sentiments to maintain its upward price trajectory to close 2024 above $50 and 2025 at or beyond the $100 mark.
Final Thoughts
Based on Chainlink’s past performance and growth, its price may reach $100 by 2025. However, much depends on the adoption of blockchain technology and its applications. Since cryptocurrency markets are highly volatile, investors should only invest what they can afford to lose. The fundamentals are strong for Chainlink to play a leading role in smart contracts.
If adoption exceeds expectations over the next few years, $100 could be achievable. Overall, while reaching $100 cannot be guaranteed, Chainlink looks well positioned for future growth if market conditions are favorable and it maintains current momentum. Investors should conduct further research and make investment decisions accordingly.
What was the initial price of Chainlink (LINK)? The initial price of Chainlink (LINK) at the ICO was $0.11.
What is the all-time low (ATL) price of Chainlink (LINK)? The overall lowest price of Chainlink was $0.1263 on September 23, 2017.
What is the highest price (ATH) of Chainlink (LINK)? The highest price of Chainlink was $52.88 on May 10, 2021.
What is the year-to-date (YTD) performance of Chainlink (LINK)? Chainlink has a year-to-date (YTD) decline of 13%.
Frequently Asked Questions
Chainlink Oracles are bridges that allow multiple blockchains to communicate with off-chain resources such as market data.
Chainlink tokens called LINK serve as currency to pay Chainlink network operators for retrieving and preparing off-chain data and performing calculations.
Yes, Chainlink is a profitable long-term investment. The strong points of the network such as smart contracts extensibility, data feeds, oracles, and Defi give it an upper hand.
LINK price can close the annual trade for 2024, with a price tag of $12.73.
LINK price can trade at an average price of $103.13 by the end of 2025.
With the ICO sale round at $0.11 in public sale, the $100 invested in LINK would be worth approximately $6418.18. In short, the $100 investment would have increased by 6318.18%.
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Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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