Cryptocurrency Price Prediction

Chainlink (LINK) Price Prediction: Will LINK Price Hit The ATH In 2022?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Jul 2, 2022

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Chainlink is one such protocol, which makes it to the cover page of news, with the rise of Defi projects. Chainlink’s native asset LINK has amassed a large group of enthusiastic followers, including celebrities, and industry proficients, amongst others. 

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The altcoin is presently sailing the tougher tides, for a brief time now. With half a year ahead, marketers are hopeful of LINK price igniting higher levels. In this article, we bring to you, the price prediction and market analysis for 2022 and yonder. Buckle up, as we decode the plausible price predictions for Chainlink.

Overview

Cryptocurrency Chainlink
Token LINK
Price$ 9.1830
Market cap$ 0.0000
Circulating Supply 0.0000
Trading Volume $ 0.0000
All time high$ 0.0000 Jan 1, 1970
All time low$ 0.0000 Jan 1, 1970

Chainlink (LINK) Price Prediction For 2022

Potential LowAverage PricePotential High
$6.749$8.618$10.005

LINK price has made its way to 2022 on a fairly bearish note, with a price tag of $19.07. However, optimism amongst investors led to a healthy spike in volumes, welcoming a 50.5% rise on January 9th. With bears outweighing the bulls, with the start of a new week. The price took a downswing to $13.532 by the 24th of January.

Whilst the altcoin did pose a rebound to $19.542 by the 9th of February. FUD and anxiety from geopolitical tension and rate hikes led to another plunge to the bottom of $11.46. That said, the digital asset had terminated the first quarter at $18.164. The second quarter has been rough for LINK, the altcoin has lost over 65% since the start of the quarter.  

LINK Price Prediction For Q3

SmartCon, Chainlink’s 2-days event will be kicking off on the 7th of September. The initiative could be imperative in boosting optimism in the community. Seeking the needed impetus LINK’s price could propel to a maximum of $7.733. On the flip side, if bears knock down the digital asset, the price could land at $5.36. Conversely, LINK could possibly achieve an average target of $6.615.

Chainlink Price Prediction For Q4

The network’s data feed processing more secure and accurate data could compound gains throughout the year. If the digital asset recall’s its bullish surge from the past. LINK price could close the annual trade at $10.005. However, on the downside, the altcoin could slip down to $6.749. Successively, the crypto asset could breach regular levels of $8.618.

LINK Price Forecast For 2023

If the network boosts the reward levels for its nodes, then it might grab new nodes staking its tokens. This could close the annual trade, on a bullish note at $16.869. However, being a transparent protocol, with usual buying and selling pressures, LINK could claim its average price at $13.353. On the flip side, negative criticism and the lack of volume could land the price of the digital coin at $8.7007.  

Price Prediction Of Chainlink For 2024

Chainlink might find newer adoptions and buyers if the maker’s roll-out developmental and community-building initiatives. In such a case, the price of LINK might propel to its potential high of $28.76 by the end of 2024. In contrast, the ebbing stance in the industry and negative criticism could drag the price down to $14.142.  

LINK Price Trajectories For 2025

By the end of 2025, with more partnerships, a large treasury of reserve funds, and an in-demand service. The platform could be well-poised to handle any challenges that may crop up in time. With new updates in connections to APIs, the utility token can be on cards with a maximum of $45.756 by the end of 2025.

On the other hand, if the market crashes due to controversies on conventional cryptos and blockchain, following other currencies. LINK price may also take a dip to $23.120. If smart contracts can seamlessly process over the years, then the altcoin might move at an average of $34.489.

YearPotential LowPotential High
2023$8.7007$16.869
2024$14.142$28.76
2025$23.120$45.756

What Does The Market Say?

1) Trading Beasts:

Trading Beasts forecasts a rather slow-paced projection. According to the firm. the LINK price may take a leg up to a maximum of $8.355 by the end of 2022. And by the end of 2025, the price may reach a maximum of  $13.693. In case of bullish divergence, the altcoin may slide down to $9.311 by 2025. 

2) Digital Coin Price:

Digital Coin expects that Chainlink (LINK) could be trading at $8.78 at the end of 2022. And the altcoin could leg up to $9.74 by the end of 2023. The website expects the altcoin’s price to close 2025 trade at a maximum of $13.03.

4) Longforecasts:

As per Longforecasts, the price prediction of Chainlink’s LINK. The altcoin could soar to a maximum of $3.08 by year-end. The analysts from the firm have pinned the minimum and average closing targets for the year at $2.48 and $2.67. The firm also hosts predictions for the long term. Accordingly, LINK is foreseen to surge as high as $7.43 by the end of 2025. 

5) Gov. Capital:

According to the firm, the altcoin is anticipated to propel to its potential high of $16.448 by the end of 2022. Whilst a reversal in trends could slash the price down to $12.157. A balance in buying and selling pressures could land the price at $14.303. As per the analysts from Gov. Capital, the altcoin could soar to a maximum of $140.509 by the end of 2025.  

To read our price prediction of Shiba Inu (SHIB) click here!

What Is Chainlink (LINK)?

chainlink labs network was founded in September 2014 by Sergey Nazarov and Steve Ellis. The business model focuses on the creation of smart contracts for the outside world. Chainlink aims to decentralize the Internet to bridge the gap between blockchains and the applications that exist in the real world. It has a decentralized network of Oracles, so that smart contracts can safely interact with off-chain platforms.

Chainlink node operators extract data from off-chain systems and convert it into blockchain-compatible formats. They are awarded LINK cryptocurrency – an ERC-20 token based on ethereum . According to the developers, the price of LINK is closely correlated to the number of node operators. The LINK token powers the process and acts as the blockchain’s fueling agent.

Company Details

Fundamental Analysis

Since both winklink and Chainlink work simultaneously for data conversion, the work might sound arduous. But in reality, it involves just 3 steps! Beginning the process, a smart contract requests data when required. The LINK protocol receives the request and generates a Chainlink Service level Agreement. 

Meanwhile, the agreement will further generate 3 other contracts. One for reputation, which will check the Oracle and verify it. Secondly, the next contract acts as a bridge between the request contract and the nodes that take the requests. The translation of off-chain to on-chain data and vice versa is taken care of by the Chainlink Core.

The request is converted to an off-chain form so that the real-time information can fetch the data via an API. After the accurate information is at the nodes, they are further transcribed to on-chain language and delivered to the nodes. Thus, the Chainlink protocol increases transparency and improves the reliability and accuracy of the data that enters the blockchain.

Our Chainlink (LINK) Price Predictions

Chainlink has the inherent capability to expand smart contracts, allowing data accessibility for events and transactions. Optimism seems to be catching up with the heat 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 might reach a maximum of $10

On the flip side, many critics have begun questioning the purpose of LINK tokens in the project. If it persists, and other celebrities indicate a supporting statement, the price might get afflicted and plunge to $6.75.

Historical Market Sentiments

2017

  • LINK was funded with an ICO and managed to raise $32 million in September 2017.
  • During its private token sale campaign, LINK costed $0.09 per token and $0.11 during its public sale.

2018

  • Then in the year 2018, the coin had a nice start doubling from $0.15 to $0.43 per coin. 
  • It had several price hikes, which increased the price of the currency to $1.

2019

  • The news of potential cooperation with Chainlink and google Cloud pushed LINK’s price from $1.19 to $1.93.
  • The coin grew further to $2.24, following its listing on  coinbase . And was changing hands at $4.45 by the time it appeared on the exchange. 
  • However, by the end of August, the altcoin took a plunge to $1.61.

2020

  • Chainlink saw a significant price movement ranging from January to February, as it grew from $1.74 to $4.6. 
  • It took a fall to $1.74 in March, but it was in April when it climbed back to $3. 
  • On July 7th, the LINK price underwent an impressive surge to its ATH of $5.6.
  • By late September 2020, it saw a pullback before beginning its climb once again into October. 
  • After all the oscillations, Chainlink was seen trading at $11.14, by the end of 2020. 

2021

  • LINK price had initiated its run in January with a trading value of $11.051. 
  • Following a gradual uphill trek, the price escalated to $36.52 by the 19th of February. 
  • After a pullback and beating around the bush, on the 13th of May LINK price brushed levels of $53.109. 
  • However, the thrill was short-lived as the digital asset took a plunge to $15.326, on the 25th of May. 
  • Following its local top at $38.172, on the 10th of November, the altcoin closed the year with a price tag of $19.228.

Click here to read our prediction on Polkadot (DOT) for 2022 and beyond!

FAQs

Q: What are Chainlink Oracles?

A: Chainlink Oracles are bridges that allow several blockchains to interact with off-chain resources such as market data.

Q: Where can I buy LINK?

A: LINK is available for trade across leading cryptocurrency exchange platforms such as Binance, Coinbase, Kraken, and Zebpay, amongst others.

Q:  Is Chainlink a profitable investment for the long term?

A: Yes, Chainlink is a profitable investment in the long term. The strengths of the network such as smart contracts expandability, data feeds, oracles, and Defi give it an upper hand.

Q: How high could LINK price reach by the end of 2022?

A: LINK price could close the annual trade for 2022, with a price tag of $10.005.

Q: What would be the feasible average price of LINK by the end of 2025?

A: LINK price could possibly trade at an average price of  $45.756 by the end of 2025.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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