Price Prediction

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
Market cap$4,223,429,368 USD
Circulating supply388,509,556 LINK
All time high$19.85 USD (Aug 16, 2020)
All-time low$0.126297 USD (Sep 23, 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.

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.

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.

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.

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. After the plunge, the price started to grow steadily as it reached $16.08 at the end of November. 

The price continued to sink as LINK was trading at $13.23 in the start of December and further continued to plunge. At the end of December 2020, LINK was trading at $11.61

2021 is an unsatisfactory year for LINK as it began the trading at $11.45 on the first day of January. The trend is in the upward movement as the  price started to increase. By the end of January, the price may reach the range between $15.98 and $16.01.

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 about $28.

According to the expert’s LINK will be trading at $29.20 at the beginning of 2022 and could start increasing further. The price will remain stable in the month of July with fewer fluctuations at the trading price of $38.09. By the end of 2022 LINK’s price would be traded at  $45.22.

With heavyweight 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 $150 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.

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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.

The future involvement of major institutional investors and stronger regulation in the cryptocurrency industry are expected to influence our Chainlink price prediction. The system expects Chainlink to remain at about $28 in 2021 and then reach to about $150 in 2025.

FAQ

Is Chainlink (LINK) a good investment?

As is the case with all cryptocurrencies, investing can be risky. However, if your plan is to buy some Chainlink (LINK) and hold on to it, then many of the price prediction sites recommend buying LINK.

Who created Chainlink and when?

Chainlink ICO was introduced in 2017 by a company known as smart contracts which was developed by Sergey Nazarov.

Will Chainlink price hit $1000?

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.

What will ChainLink be worth in 2021?

LINK price might reach $28.453 by end of 2021

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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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