Chainlink Price Prediction: Can LINK Hit $20 By The End Of May? (2024)
Chainlink, a platform compatible with Ethereum and renowned for facilitating decentralized oracles, has been making significant progress in the cryptocurrency market. Currently, the native asset of the network, LINK, is experiencing a trading range near $16.68, according to the latest data.
CoinGecko data also shows that LINK hasn’t shown much movement in the last 24 hours and is trading in the $16 range. With the market trading in green, here is our price prediction for LINK for May end.
LINK has demonstrated remarkable performance throughout this year, positioning itself as one of the top-performing assets. In the past 30 days alone, this altcoin has recorded a 9% surge in its price. Despite being 68.4% below its previous all-time high of $52.70, the prospect of it reaching double-digit values is more attainable than ever before.
Cryptocurrency experts at Changelly have given their price prediction for Chainlink LINK for May end. According to the analysts, LINK is forecast to reach a minimum of $16.85 and a maximum of $20.54. Additionally, the average price of LINK is expected to be in the range of $18.70.
Looking further ahead, Changelly’s experts predict that LINK could potentially hit the $29 mark by December 2025. This longer-term projection reflects the growing confidence in Chainlink’s ability to establish itself as a leading decentralized oracle solution and capture a significant share of the market.
However, the market can be quite surprising and could go in either direction depending on the overall market sentiment. Unless Bitcoin gains traction and regains the $70,000 level, LINK is likely to exhibit muted performance.
Coinpedia platform predicts Chainlink could reach $213.1 to $253.51 by 2030, and experts from Changelly forecast that it could reach minimum and maximum prices of $30.69 and $38.26 by the end of 2025.
The price of Chainlink (LINK) can potentially reach $100 in the period mid-2025 to mid-2026. The pre-requisites for LINK to move to $100: get past the $16.91 level in 2024, and clear ATH at $52.70. Chainlink (LINK) is an oracle-based network with a large number of partnerships.
Latest predictive research insights indicate Chainlink in 2024 may have a resistance level at $7.55 and support at $0.62. With an average projected price of $2.48, from today's price of $10.485, if LINK drops closer to the lows of the year, it would represent a buy opportunity.
Can LINK Crypto Reach $1000? It's not very likely that LINK will reach $1,000. Though Chainlink can grow in price and has the potential to do so, at $1,000 LINK crypto would have a huge market capitalization, so this is not a likely scenario.
By 2040, the maximum price of the LINK Coin is projected to be around $186.32. Our average price forecast for Chainlink is $182.52 in 2040. Conversely, if the market turns bearish, the minimum price level of LINK Coin could fall down to $177.68 by 2040.
So could Chainlink be the next big thing? Yes, there's a good chance it could. The network provides a solid solution to a real problem, and its use cases will continue to expand as DeFi grows.
Just like the name suggests, the Chainlink network is used to link chains — it uses a decentralized oracle network to connect external data sources to various blockchains. Beyond being an interesting project with solid real-world applications, Chainlink is also a worthwhile investment.
The highest price paid for Chainlink (LINK) is $52.70, which was recorded on May 10, 2021 (over 3 years). Comparatively, the current price is 79.99% lower than the all-time high price.
Chainlink price prediction 2035: Chainlink's price for 2035 according to our analysis should range between $45.15 to $67.72 and the average price of LINK should be around $56.44.
The table above accurately updates our LINK price in real time. The price of LINK is up 0.12% since last hour, down -0.23% since yesterday. The live market cap, measured by multiplying the number of coins by the current price is $10.59B. LINK has a circulating supply of 608.10M coins and a max supply of 1.00B LINK.
Therefore, for one DOT to reach a $1000 valuation, the market cap of DOT has to be at least 1.4 trillion. Since the market cap of the entire crypto market is only $2.19 trillion, it is not yet plausible for DOT's market cap to hit $1.4 trillion. Therefore, DOT can not reach $1000 as per our analysis.
What is the all-time high for Chainlink (LINK)? The highest price paid for Chainlink (LINK) is $52.70, which was recorded on May 10, 2021 (over 3 years).
Introduction: My name is Aron Pacocha, I am a happy, tasty, innocent, proud, talented, courageous, magnificent person who loves writing and wants to share my knowledge and understanding with you.
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