Chainlink is one of the major cryptocurrency projects that has seen continuous adoption despite the bear market. Recently, Moonbeam adopted Chainlink Price Feeds to provide real-time market data to developers on the platform.
Chainlink is a popular decentralized oracle network that provides real-world data to smart contracts on the blockchain. Oracles share information such as price feeds in a decentralized but tamper-proof way.
Last month, the developers released a report containing the roadmap plan for the staking of Chainlink native token LINK. As a result, the Chainlink price rose over the week, but can staking sustain the momentum?
The price of Chainlink is around $6.49, and $3.03 billion market capitalization from a circulating supply of 467,099,970.53 LINK tokens. LINK is down over 23% in the last 30 days and over 87% from the all-time high.
Wallet Investor expects a long-term increase for Chainlink. It predicts that the price could reach $30.793 by the end of 2022. The website also forecasted that LINK might rise to $38.565 in 2023 and as high as $57.079 in 2025.
Digitalcoinprice predicts that Link might trade in a range-bound manner, with its value reaching as high as $43.19 and as low as $32.02 by the end of 2022. It says LINK will have a good trading year in 2023, with the price reaching up to $56.24, but an average value of $10.84 in 2023, $10.97 in 2024, and $14.30 in 2025.
Chainlink might hit $20 by the end of 2022, according to PricePrediction. In 2023, LINK price is expected to rise to $32, followed by a slight decline over the subsequent few years, like $26 by 2025 and $24 by 2026.
Based on the current price, LINK is predicted to reach a minimum of $8.1 in 2022. Overall, the long-term LINK price predictions from various sites are almost unanimously bullish.
With several analyses, cryptocurrency experts are quite optimistic that LINK might have a good year in 2025. LINK is expected to trade at a $26.64 minimum price, while its maximum can reach $32.01. On average, the trading price will be around $27.41.
LINK price is predicted to reach a minimum price of $182.88, with the possible maximum peak at $221.04. On average, the price of LINK is expected to trade at around $188.11 in 2030.
LINK is expected to grow in the coming years, alongside the cryptocurrency market. However, there are a number of factors that could lead to a rise or fall in prices. So, anyone investing in LINK should do so cautiously and only after doing their research.
It is not possible to say definitively whether Chainlink prices will rise or fall in the future. However, as the cryptocurrency market is forecast to grow in the coming years, LINK prices will likely increase.
Please take these price predictions as suggestions of some market experts/analysts. Prediction with tools may not turn out perfect due to the unpredictability of certain factors such as public sentiment and market conditions.