Chainlink (LINK) Price Prediction (June 2023)
With an economic recession on the global horizon, the demand for digital currencies has increased. So, running through this Chainlink (LINK) price prediction is crucial before you invest in this valuable coin.
An expert Chainlink (LINK) price prediction forecasts it to reach $32.01 by 2025. This growth rate is exciting, considering Chainlink’s interoperability in the blockchain sector.
However, Crypto Ground’s algorithmic analysis gives a much higher value to this cryptocurrency by 2025. Its prediction places Chainlink at $76.56, which is above double the price prediction of $32.01.
Chainlink’s interoperability in the blockchain sector is noteworthy, allowing swift information exchange between two blockchain networks. The absence of intermediaries means projects like Bitcoin and Ripple can communicate with each other.
Chainlink enables the swift execution of smart contracts, and blockchain solutions can flow unhindered. With such a capability, it is the leading enabler of smart contracts.
Many regard LINK as one of the less risky coins to own. However, the coin tumbled from $53 to $5.50 in 2021.
Factors like market sentiments, economic outcomes, and government regulations contribute to LINK’s rise and fall. Nevertheless, with increasing appeal among developers and Oracle functionalities, the Chainlink (LINK) price prediction in the coming years looks promising.
We will show you the predictions for one year, 2025, and 2030. Also, you will find an in-depth historical analysis of Chainlink (LINK) and the best platforms for the coin.
Our Chainlink (LINK) price prediction will ground you adequately before you invest in the coin. So, let us begin with the one-year forecast.
Chainlink (LINK) 1 Year Prediction
Chainlink’s current price (August 1st, 2022) is around $8, with $7.73 as the lowest price. However, with a downward swing from $13.532 in January, it looks like the season is not favourable.
Regardless of the Chainlink (LINK) price prediction, the oracle network has a few strengths that may tilt the scales favourably. Its market-leading functionality places it ahead of most tokens in its sector. Also, the network incorporates Proof of Authority consensus.
Chainlink is not a rush network, and its price will soon reflect that. It should witness massive growth throughout 2022. Predictions look to the return of LINK’s bullish run in 2021, which led to extensive adoption and trades.
With Chainlink bulls in continuous play, the price could hit $50 in 2023 or 2024. While the crypto space remains highly volatile, LINK can ride on its technology and utility advantage, unlike some “meme” coins.
Trading Beast’s Chainlink (LINK) price prediction forecasts the token to sell for $23.692 at the end of 2022. It further predicts a marginal increase of $9.272 in 2023.
Currently, Chainlink Node Operators have surpassed 19,000 in number. With such a trajectory, Chainlink is fast on its way to becoming a fully decentralized oracle network. The promise of getting there in no time may initiate a bullish run that will cause the price to increase.
Another thing you should consider is the token’s adoption. As the day rolls by, celebrities, industry professionals, and enthusiasts at large adopt or buy LINK.
Chainlink (LINK) Price Prediction for 2025
With interoperability capability, we expect Chainlink to have a strong run in the coming years. However, the price is still subject to the larger economic turnout.
Anyone can access Chainlink’s external data feeds, giving it a boost in functionality and dependence. People with the know-how can use the universally connected smart contracts through the network.
With such strong foundations, Chainlink should sell at an average price of $27.41 in 2025. It can extend to $32.01 as the maximum price for the year, while the minimum value will be $26.64. This Chainlink (LINK) price prediction comes from Changelly and shows a favourable trend.
Chainlink’s open nature allows app and software creators to plug in and utilize the ecosystem. Also, with an expected Bitcoin halving in 2024, we cannot neglect a potential high of $100 for the token in 2025.
Long Forecast seems to have a different opinion on LINK’s price in 2025. It predicts that the token will begin the year at a maximum of $14.99 and end at $12.95. That trend shows a downward spiral even though it starts at an already low value.
While Long Forecast’s Chainlink (LINK) price prediction looks disappointing, it is also feasible. 2025 is enough time for rivals to develop better oracle networks and draw users to themselves.
Nevertheless, if the global adoption of the token continues and the global economy stays bullish, LINK will go past $30 in 2025.
Chainlink (LINK) Price Prediction 2030
Chainlink’s current stats are impressive and point to a promising future. The network ranks 23rd in the crypto space, with a circulating supply of 469 million LINK and a $1 billion total.
The exciting figures extend to a market capitalization of $3.59 billion. However, 2030, eight years from now, is far in the future, making it tricky to forecast the price.
Given its current run and stats, Changelly believes LINK will hit a high of $221.04 by the end of 2030. It will begin the year at a high price of $124.19. Jumping to almost $100 more by December 2030 will be an impressive move.
Digital Coin has a more modest Chainlink (LINK) price prediction for 2030. It forecasts the token to begin the year at $33.93 and end at $36.23.
Following Digital Coin’s prediction, investing in the token may be an unprofitable move with a low return. Wallet Investor also believes LINK is a bad long-term investment.
However, you should consider the functionality it brings to the crypto space. With such ease of communicating with multiple blockchains, adoption will be on the increase among developers.
While $221.04 will be an exciting price for LINK in 2030, $36.23 is still an increase from today’s value. Nevertheless, there could be a remarkable shift as new laws and regulations come into play.
Chainlink (LINK) Historical Analysis
Chainlink began its journey in 2017, and it is only proper that we start our analysis from there. While historical data in no way predict the future, it plays a pivotal role in assessing the Chainlink (LINK) price prediction.
A detailed historical analysis, like the one you are about to read, will show the foundation of a network. So, let us begin our breakdown in 2017 and walk back to our current year, 2022.
2017
Chainlink launched in 2017, and the founders raised $32 million in September for the network. This move shows its humble beginnings despite the strong Chainlink (LINK) price prediction for the future.
LINK sold for $0.09 per token when it debuted in the private token sale campaign. The figure rose to $0.11 when it became available to the public.
2018
The coin started its 2018 run on a solid footing, costing $0.43, up from 2017’s $0.15 end. Chainlink had a bullish run, considering that most digital assets hit their peak this year.
Several price hikes resulted in the token going for $1. However, a steep free-fall hit the altcoin market, and billions of dollars disappeared from the market. Many altcoin projects did not survive the downward spiral.
Chainlink was among the few that survived, pulling off an impressive comeback the following year. The result was a positive outlook on the Chainlink (LINK) price prediction. Today, many altcoins sell at one-half or even one-fourth of their all-time high.
2019
Chainlink had a remarkable run in the first half of 2019. Several factors boosted its market value to a high of $4.45, though the Chainlink (LINK) price prediction was skeptical.
The first was a proposed collaboration between the network and Google Cloud. This news boosted its price from $1.19 to $1.93.
The token grew further after pioneering DApps on the network and being listed on a few exchanges, including Bitbox and Coinbase. On June 24th, 2019, LINK’s market value reached an all-time high of $4.540.
However, the bullish rally soon ended as the altcoin plunged to $1.61 by the end of August. It remained at this level till the end of the year.
2020
2020 was the year Chainlink began building momentum in the crypto space. Thanks to the 2020 DeFi rush, it edged past Bitcoin and Ethereum to become the top performer among cryptocurrencies.
2020’s price run gave the altcoin a positive Chainlink (LINK) price prediction. It went from $1.74 in January to $4.6 in February. However, this significant increase fell in March to $.174.
It did not take long for the altcoin to rally back, hitting $3 in April. The price value sustained through May and June before climbing to its highest so far, $5.6 on July 7th. While that was a fair value, the token did not end July at that price.
It peaked at $8.40 in July before climbing to almost $20 in subsequent months. Notwithstanding, rejections pushed its price back to $12 before it ended the year at $11.14.
Its functionalities and a brilliant run in 2020 led to a blooming Chainlink (LINK) price prediction for 2021. So, let us see how the altcoin fared in the subsequent year.
2021
LINK began 2021 trading at $11.051 with a strong bull run catapulting it to $36.52, an impressive record by all means. The altcoin reached this value on February 19th, marking a positive Chainlink (LINK) price prediction for the coming months.
At $36, Chainlink faced solid resistance, which it ultimately gave way to, plunging to $23.50. However, it quickly bounced back after the plunge to hit the $30 mark.
LINK pulled off an impressive run in May, hitting its all-time high of $53.109. The remarkable feat did not last long as it fell to $15.326 by May’s end. Though it did manage to go above $30 to $38.172 in November, it invariably ended the year at $19.228.
2022
2022 has not been a great year for this altcoin, resulting in a bleak Chainlink (LINK) price prediction. Since hitting its all-time high of $53.109 in May 2021, it has not come close to even half of that value.
Despite healthy optimism among investors, LINK was bearish, falling to $13.532 on January 24th. This downswing came after an impressive 50.5% rise in volume on January 9th. February saw a brief rebound to $19.542 on the 9th, but several factors sent it downwards in a few days.
Among the factors were geopolitical tension and a hike in rates. The altcoin dropped to $11.46 but ended the first quarter of 2022 at $18.164.
Things looked rather bleak for the cryptocurrency, seeing it lose over 65% in the second quarter. With the downward spiral, the Chainlink (LINK) price prediction has not been favourable in the short term.
Best Platforms for Chainlink (LINK)
The following are the best platforms to buy or sell Chainlink (LINK):
You might also like…