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Chainlink Price Prediction 2021 – How High Will LINK Price Reach?

As the world of cryptocurrencies continues to expand, new and interesting projects are emerging in an attempt to cover the gap between the traditional worlds of finance with that of cryptocurrencies.

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One such project is Chainlink (LINK) which is attempting to bring interoperability to the blockchain industry.

In this Chainlink price prediction article, we will get to know the future price prediction of Chainlink and its overall possibilities. Let us look in detail at the LINK price now.

Overview

CryptocurrencyChainlink
TokenLINK
Price$ 36.7200
Market cap$ 15,370,112,599.0000
Circulating Supply$ 419,009,556.4344
Trading Volume $ 1,953,957,625.0000
All time high$ 37.8800     April 14, 2021
All time low$ 0.1482     November 29, 2017

Chainlink is unique compared to other blockchain projects. The business model is solely focused on the creation of smart contracts for the outside world. Chainlink hopes to decentralize the Internet to bridge the gap between blockchains and the applications that exist in the real world.

The Chainlink system has a decentralized network of Oracles, so that smart contracts can safely interact with off-chain platforms. Chainlink was created and formed by an organization called SmartContract, which was founded in September 2014 by its CEO Sergey Nazarov and CTO Steve Ellis.

Chainlink node operators extract data from off-chain systems and convert them 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.

2017

LINK was funded with an ICO and managed to raise USD 32 million in September 2017. During its private token sale campaign LINK cost USD 0.09 per token and USD 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

In June 2019, news broke on Twitter about a potential cooperation with Chainlink and Google Cloud. As a result, the price of LINK jumped from $1.19 to $1.93. Later, the coin grew further to $2.24 when it was listed on Coinbase.

By the time LINK appeared on the exchange, it had reached $4.45. By the end of August, the price of ChainLink had again decreased to $1.61.

2020

ChainLink saw a significant price movement in January 2020 and ended in February. During this period, the coin managed to grow from $1.74 to $4.60 in the short time frame. 

In March, it crucially fell back to its previous price point of $1.74. In April, it managed to recover, climbing back to $3.

Then on July 7, 2020, the LINK price underwent an impressive surge as China’s national blockchain network, the Blockchain Service Network (BSN) was activated with 135 nodes integrated with Chainlink price oracles. 

The news saw the LINK price surge from around $4.87 USD to an all-time high of $5.60 USD, with gains of 15 percent on the day

Chainlink continued an ascending trendline into mid-August, gaining bullish momentum. Into late September 2020, it saw sudden bearish activity before beginning its climb once again into October. 

With the continuation of the bearish trend LINK’s price was trading at $11.17 and further plunged to $10.57. Later, the price started to grow steadily to hit $16.08 at the end of November.  At the end of 2020, Chainlink was trading at $11.14.

Chainlink continued the trading at $11.45 on the first day of January. The price started to rise further. Surprisingly, Chainlink recorded a new All-Time-High by hitting $25.65. The price might rise further if LINK performs well in the upcoming days. 

Chainlink has drawn a lot of attention and attracted new fans to their project. Their activities and appreciation among other industry players have increased trust in the company. By the end of 2021, the coin may reach above $50.

LINK might enter 2022 with a trading price of $60. The price might significantly increase every month as the investors focus on Chainlink. By the end of 2022, LINK might hit $100.

Chainlink 5 Years Price Prediction

With more partnerships, a large treasury of reserve funds, and an in-demand service, it seems as if Chainlink (LINK) is well-poised to handle any challenges that may crop up in time. Chainlink will see exponential development by the end of 2025 and will be tethering about $500 a coin. 

Wallet Investor is highly bullish about the future price of Chainlink. They think the LINK price can go up to $11 in one year. Based on the current market situation, they project the rate jumping to $24 in the next five years.

It rates Chainlink as a solid investment with expectations of soaring prices for years to come. Digitalcoin expects that Chainlink (LINK) could be trading as high as 10.57 USD by the end of the year the price would grow up to $19 in 2021

They expect LINK to fall to $6.64 by August and stay at the same price level till May 2021. Later, they predict that then it will continue its growth. By the end of 2023, the coin may reach about $8.

#4 Cryptorating

As per Crypto Rating’s prediction, Chainlink looks to be an excellent short term investment as the price is expected to climb over 96 percent throughout the next six months, bringing LINK to 12.16 USD. In two years, LINK may be worth 24.27 USD, an increase of almost 300 percent.

During the start of 2021, LINK was trading at $11.45. Later the price dramatically started to pour and reached $26.65 to record a new All-Time-High. The future involvement of major institutional investors might result in a hike in LINK’s price. By the end of 2021, Chainlink is anticipated to trade above $50 and might reach $100 in the future.

FAQ

Is Chainlink (LINK) a good investment?

Chainlink might be a good investment if you plan to invest for a long time.

Who created Chainlink?

Chainlink was created by Sergey Nazarov.

Will Chainlink hit $1000 USD?

For now, though, considering the current Chainlink price of $10.57 USD, it’s unfeasible to expect Chainlink to cross $1,000 USD any time soon.

What are Chainlink Oracles?

These are bridges which allow several blockchains to interact with off-chain resources such as market data.

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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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