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Chainlink Price Prediction 2024-2033: A Strong Buy Sentiment for LINK?

chainlink price prediction

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Chainlink Price Predictions 2024-2033

No one could say if — and when — the crypto winter is ending. We can regard some successful strategies as “green shoots” to create hope for the crypto industry. ETH witnessed three consecutive weeks of inflows after 11 straight weeks of sell-off, according to a CoinShares report. Fear not, and let’s explore Chainlink Price Prediction.

How much is LINK worth?

Today’s Chainlink price is $20.10 with a 24-hour trading volume of $650,923,428. Chainlink is down 2.16% in the last 24 hours. The current CoinMarketCap ranking is 14, with a live market cap of $11,743,868,253. It has a circulating supply of 587,099,970 LINK coins and a max. supply of 1,000,000,000 LINK coins.

Chainlink Price Analysis: LINK’s Price Devalues Below $21.00 As Bearish Pressure Intensifies

  • Chainlink price analysis is bearish today
  • LINK has declined by 2.16% over the past 24 hours
  • Immediate support rests at the $19.98 level

Chainlink’s price analysis for 4th March 2024 suggests that LINK has been under pressure from increased selling in the market. Over the past 24 hours, LINK has dropped by 2.16 percent and is currently trading at $20.10 per coin. Immediate support for LINK lies at the $19.98 level; however, further losses can be expected over the coming days if this fails to hold. Resistance is seen at $20.86.

Chainlink Price Analysis 1-day Chart: Bears In Control of The Short-term Outlook

The 1-day chart shows that LINK has decreased over the past few days as selling pressure intensifies. The bears have taken control of the short-term trend and pushed LINK lower toward the $20.10  level.

LINK/USD 1-day price chart;  TradingView

Technical indicators on the 1-day chart are slightly bearish. The Relative Strength Index is trading at 56.44, dropping from the overbought region, suggesting that LINK could head to the neutral in the short term. The Moving Average Convergence Divergence (MACD) line has crossed above the signal line, indicating further upside potential for LINK. LINK is trading just below the upper Bollinger band at $21.16, indicating it is currently in a neutral position on the Bollinger band.

Chainlink 4-hour Chart: What Is The Further Downside Potential For LINK?

The 4-hour chart for LINK/USD shows bears in full control of the market. LINK price has been dropping steadily over the past few hours and has now gone beyond the $20.00 level, just above the immediate support at $19.98.

LINK/USD 4-hour price chart; TradingView

Looking ahead, technical indicators on the 4-hour chart are bearish. The Relative Strength Index is at 46.18 level, suggesting that LINK could be oversold in the short term if the trend continues. The moving average convergence divergence (MACD) line is trending below zero, indicating a downtrend in LINK. Furthermore, LINK is trading just below the middle upper Bollinger band at $21.56 on the Bollinger bands, suggesting that LINK could have more downside if this level breaks.

What To Expect From Chainlink Price Analysis

To conclude, Chainlink’s price analysis suggests that LINK has been under pressure from increased selling in the market. Immediate support for LINK lies at the $19.98 level; however, further losses can be expected over the coming days if this fails to hold. Technical indicators on the 1-day and 4-hour charts display a bullish reversal, suggesting that LINK could continue its uptrend journey soon if the bears don’t persist.

Recent News and Opinions on Chainlink

Chainlink Enhances Web Security in Partnership with Telefonica

Chainlink, a decentralized oracle provider, has joined forces with Telefonica, a global telecom giant, to fortify security within Web3 environments. This collaboration aims to bolster the resilience of smart contracts on the Polygon network against SIM swap attacks, a common threat in the realm of hacking.

The integration of Telefonica’s SIM Swap API with Chainlink Functions introduces a novel approach, enabling seamless communication between carrier functions and Web3 applications. By leveraging the standardized GSM Association Open Gateway SIM Swap API, the alliance empowers Polygon apps to verify the last SIM card change associated with a mobile number.

The groundbreaking feature, set to be implemented by Vivo, Telefonica’s subsidiary in Brazil, promises enhanced security without compromising user experience. It anticipates reducing fraud instances, fortifying 2FA processes, safeguarding against identity theft, and facilitating automated transactions for financial institutions.

Johann Eid, CBO at Chainlink Labs, emphasizes the blockchain implementation of Telefonica’s APIs, presenting new use cases that elevate industry security, ultimately protecting users and their assets.

Chainlink Whales Amass $112M in LINK Tokens, Fueling Price Surge

Chainlink, one of the leading altcoins in the crypto market, has witnessed a notable resurgence in the wake of a significant drawdown. Currently trading at $20.18, the token has experienced a modest 0.6% price surge over the past 24 hours, signaling a positive shift in momentum.

With a market cap soaring to $11,847,469,369, Chainlink’s trading volume has surged by 24% to $797,371,569. Notably, data from Lookonchain reveals a remarkable 15% price jump in LINK since the initiation of accumulation by a mysterious whale.

This enigmatic figure has amassed a staggering 5,587,368 LINK tokens, valued at around $112 million, through 55 different addresses on Binance within just 6 days. Other substantial LINK accumulations have been observed, including one withdrawal of 495,057 LINK worth $7.5 million on multiple occasions at an average price of $15.12.

While these individual accumulations do not wholly represent broader trends within the Chainlink ecosystem, data from IntoTheBlock suggests a total whale accumulation of $176.98 million in the past 24 hours, marking a substantial increase of 13.44%.

The influx of whale accumulations underscores a profound belief in the Chainlink protocol, hinting at a potential bullish upturn in its price trajectory. Chainlink’s pivotal role as a dominant oracle provider within various Web3 systems underscores the token’s immense utility and value proposition.

Chainlink has been diligently upgrading its protocol to enhance decentralization and community participation. Last year, the Chainlink Staking update’s implementation bolstered decentralization while fostering a more robust reward scheme.

Coupled with the broader bullish sentiment prevailing in the market, these developments have contributed to Chainlink’s resurgence. As investors continue to show confidence in the protocol’s prospects, Chainlink remains poised for further growth in the evolving crypto landscape.

Chainlink Price Prediction 2024-2033

YearMinimumAverageMaximum
2024$24.50$25.39$29.14
2025$34.91$36.18$42.61
2026$49.75$51.56$60.16
2027$72.85$74.91$84.25
2028$102.72$85.06$125.55
2029$155.96$161.24$177.47
2030$218.92$225.37$268.11
2031$324.87$333.89$381.46
2032$468.41$485.10$556.56
2033$658.56$677.96$809.40

Chainlink Price Prediction 2024

In 2024, Chainlink (LINK) is anticipated to maintain its upward momentum with a minimum price projection of $24.50, an average forecasted price of $25.39, and a maximum trading price of $29.14. This positive trend is expected to be driven by the continued growth in the smart contract sector, as Chainlink plays a vital role in providing reliable data and oracle services to decentralized applications.

Chainlink Price Prediction 2025

The outlook for 2025 suggests that Chainlink could experience significant growth, with a minimum price estimate of $34.91, an average price forecast of $36.18, and a maximum projected price of $42.61. This reflects the increasing importance of Chainlink in the decentralized finance (DeFi) ecosystem, as it continues to expand its network of partnerships and adoption.

Chainlink Price Prediction 2026

In 2026, Chainlink (LINK) is predicted to trade within the range of a minimum price of $49.75 and a maximum price of $60.16, with an average forecasted price of $51.56. This aligns with Chainlink’s increasing traction in the DeFi space and its growing role in providing critical oracle services to the blockchain industry.

Chainlink Price Prediction 2027

The bullish trend for Chainlink is expected to continue in 2027, with a minimum price projection of $72.85 and an average forecasted price of $74.91. The maximum trading price for LINK in 2027 is anticipated to be $84.25. The adoption of smart contract technology and the significance of Chainlink’s decentralized Oracle network are key drivers for this optimistic forecast.

Chainlink Price Prediction 2028

Looking ahead to 2028, LINK is forecasted to reach a minimum price of $102.72, with an average price projection of $105.72. The maximum trading price for LINK in 2028 is estimated to be $125.55. The project’s standing in the DeFi community and its continued technological innovations are expected to fuel this demand.

Chainlink Price Prediction 2029

Continuing its upward trend in 2029, Chainlink (LINK) is expected to have a minimum price of $155.96, an average price forecast of $161.24, and a maximum trading price of $177.47. The growing adoption of blockchain technology is likely to further enhance the importance of Chainlink’s oracle services.

Chainlink Price Prediction 2030

The 2030 forecast suggests that Chainlink (LINK) could achieve a minimum price of $218.92, with an average price projection of $225.37. The maximum trading price for LINK in 2030 is estimated to be $268.11. The growing adoption of blockchain technology and the increasing demand for reliable data oracles are expected to drive Chainlink’s growth.

Chainlink Price Prediction 2031

For 2031, the price of Chainlink (LINK) is anticipated to range from a minimum of $324.87 to an average of $333.89, reaching a maximum trading price of $381.46. The continued expansion of the DeFi ecosystem and the importance of Chainlink’s oracle services could contribute to these price levels.

Chainlink Price Prediction 2032

In 2032, Chainlink is projected to achieve a minimum price of $468.41, an average price of $485.10, and a maximum trading price of $556.56. The potential widespread adoption of blockchain technology in various industries could significantly boost demand for Chainlink’s services.

Chainlink Price Prediction 2033

In 2033, Chainlink is expected to reach a minimum price of $658.56, an average price of $677.96, and a maximum price of $809.40, highlighting the continued growth and importance of Chainlink in the blockchain and DeFi space

Chainlink Price Prediction by Technewsleader

Chainlink price prediction by Technewsleader estimates the price of LINK to experience enormous growth. It could attain a yearly turnaround of a minimum of $37.96 and a maximum trading price of $95.36 by 2029. The market analyst states that LINK could attain a maximum price of $170.80 in the next ten years, with a minimum forecast price of $290.26 by the end of 2032.

Chainlink Price Prediction by Coincodex

According to Coincodex’s Chainlink price predictions, in the short term, Chainlink (LINK) is expected to experience a 4.90% price increase, reaching $16.11 by February 16, 2024. The current sentiment is described as Neutral, and the Fear & Greed Index indicates Extreme Greed at 76. Over the past 30 days, Chainlink has recorded 14 green days and exhibited 5.10% price volatility. Coincodex’s forecast suggests that it could be an opportune time to consider buying Chainlink.

Looking ahead, based on historical price movements and Bitcoin halving cycles, the annual low price prediction for Chainlink in 2025 is estimated at $15.36, with a potential high of $96.17. Furthermore, the Chainlink price predictions for 2026 range from $28.54 to $67.95, indicating a potential gain of 350.64% by 2026 if LINK reaches the upper target. In 2031, Chainlink’s price is anticipated to fluctuate between $30.43 and $52.66, offering a potential gain of 249.26% if it attains the upper price target.

Chainlink Price Prediction by DigitalCoinprice

Coincodex is another website with a bullish outlook on LINK’s short-term and long-term prospects. The Chainlink price prediction suggests a bullish outlook with expectations of significant growth. By the end of 2025, Chainlink is forecasted to increase by approximately 254.91%, reaching a value of $27.67. However, the current Fear & Greed Index reflects extreme fear in the market. Over the next few years, gradual price rises are anticipated, with 2024 ending around $16.79, followed by $19.67 in 2024. By 2032, the price could reach $149.15, indicating long-term optimism.

Chainlink Price Prediction by Market Experts

Market experts have varying opinions on Chainlink’s price potential in the coming years. The outlook for Chainlink appears to be influenced by several positive and negative factors. On the positive side, Chainlink is actively implementing network upgrades, including the Cross-Chain Interoperability Protocol (CCIP) and Chainlink Economics 2.0, which are expected to enhance blockchain interoperability and the overall value proposition of the Chainlink Network. Additionally, partnerships with institutions like Swift, Amazon Web Services, Associated Press, and Google BigQuery indicate growing institutional adoption and demand for Chainlink’s services.

However, concerns exist, such as the perceived aggressive selling of LINK tokens by the Chainlink team and node operators, which can exert selling pressure and dampen price potential. Nonetheless, Chainlink Economics 2.0 aims to address these issues.

Market experts and enthusiasts have expressed optimistic sentiments regarding Chainlink’s (LINK) future price potential. Michaël van de Poppe believes that Chainlink in the $6-9 range represents a remarkable opportunity. Johnny predicts that Chainlink will continue to be a top-performing asset. Additionally, Simon anticipates a bullish catalyst for LINK with Chainlink staking in December. The community also sees this as an opportune time to accumulate LINK at a lower price, aiming to build substantial stacks.

For the near term, the price prediction for Chainlink ranges from lows of $11 to highs of $19, with an average price of $15. Looking further ahead to 2025, experts anticipate potential lows of $20, highs of $28, and an average price of $24.

More Crypto Online notes that there is resistance around $7.88, and if LINK breaks below that level, it could signal a bearish trend with a potential target of $7.23. The analyst mentions an alternative bullish scenario, where LINK might break out of the range if it surpasses $9.50. He emphasizes the importance of monitoring key levels, such as $6.19 and $5.30 for potential breakdowns, and $9.50 for potential upside movements.

Chainlink Overview

Chainlink Price History

Chainlink’s all-time performance

2018 began with a strong bullish rally, and most digital assets were at their summit. Chainlink token was not an exception. However, after that, a sharp freefall in the altcoins market resulted in billions of dollars being wiped out of the market.

We are currently witnessing a somewhat similar situation. Most altcoins are currently at one-half to one-fourth of their all-time high.

Not many altcoin projects managed to survive the famous crypto winter season. Some altcoins like Ethereum price and Chainlink price managed to endure the dark moment, and their price began rising.

2019 was a very significant year for Chainlink. Its token LINK was performing very impressively in the market. The performance is heavily associated with the pioneering DApps on the Chainlink network and listing by a few crypto exchanges, such as Bitbox, the previous year.

This drove the LINK price from $0.3 at the beginning of the year to a record $1.13 by May 2019. The oracle coin broke its ATH twice more that year, and on June 24, 2019, LINK’s price reached a record $4.540. The bullish rally was heavily driven by the release of the Chainlink network on the Ethereum main network.

In 2020, the Chainlink project emerged as the top performer of all cryptocurrencies beating significant cryptocurrencies like Bitcoin and Ethereum for the second year in a row. Bitcoin price The massive rally was heavily connected to the 2020 DeFi craze.

LINK began trading at around $1.70 and hiked toward $4.570 in February. LINK remained quiet until mid-July when the LINK price rallied towards a new ATH at $8.40. The rally continued, and Chainlink’s digital asset price almost hit $20 but faced rejection and pulled back to under $12.

In 2021, Chainlink’s price enjoyed a strong bull run as wave-like bullish activity caused the price to rise from the $12.00 mark to the recent highs of $36.00.

Chainlink’s price faced strong resistance at the $36 mark, which it could not break through and ended up being rejected from the level. The rejection caused the price to fall to the $23.50 mark before the price bounced back to the $30 support level.

Afterward, in May, the coin reached its all-time high of $52.88, and from thereon, it started to fall. The fall in the price of Bitcoin affected Chainlink until it was $30.

More on Chainlink

What is Chainlink?

Chainlink is known as a decentralized oracle network or blockchain abstraction layer. Chainlink uses blockchain technology to securely enable computations on and off chain, supporting what it calls hybrid smart contracts.3 Enterprises using Chainlink can access any major blockchain network, including Ethereum and Solana.

Chainlink Applications

Due to the way the smart contracts of Chainlink were developed, Chainlink has the prospect of fitting into every facet of our lives. Chainlink’s smart contracts were developed to solve the issue with Oracle. The Oracle problem is that blockchains were disconnected from the outside world.

The smart contracts for Ethereum and other crypto assets could only fetch data that was already stored on the blockchain. However, non-deterministic data (data outside the blockchain database) could not be fetched. However, the introduction of Chainlink introduced a middleware solution that could fetch data from outside a blockchain database. 

It was done by creating decentralized networks of Oracles, and the fascinating thing here is that the blockchain is not in any way affected.

The ground-breaking development raises the prospect of Chainlink through the roof, and the technology is applicable in the following areas: using satellite imagery in the military for information gathering; triggering insurance payouts; global trade; direct transactions which cut out intermediaries for post-trade processing; paying your workers or getting paid in real-time for services rendered; can be used during elections to vote; can be used for trading on gaming platforms, etc.

Where to buy Chainlink (LINK)?

To use Chainlink’s Oracle system, you need to have Chainlink’s native token, LINK, as a payment means for the service. Chainlink network is built on the Ethereum network and utilizes ERC677, which obtained its efficacy from ERC 20 token standards and enables token transfer to comprise a data payload.

The ERC677 is also utilized for settlement with a Chainlink node operator who supplies and feeds data into the network, paid for by the buyers. The vendors decide the cost of the service after bidding.

Many investors are wondering where to buy the token Chainlink. Apart from earning Chainlink tokens by participating as an oracle or a node operator, they can also be acquired from a cryptocurrency exchange.

Top crypto exchange platforms such as Binance, Coinbase, and Gemini allow individuals to buy LINK using fiat currency via a credit card or debit card, bank transfer, etc. Use a hardware wallet to store LINK tokens securely.

When did Chainlink reach its all-time high?

The popularity and demand for smart contract technology surged in 2021 due to the heightened proliferation of blockchain tech and the Ethereum blockchain’s upgrade. On January 23, LINK’s price reached a new all-time high of $52.

The price of Chainlink continued the positive momentum, and a little later, it was trading at record levels above the $30 price level. On February 14, 2021, LINK peaked at $35.58, setting a new all-time high, but it has since retraced lower.

The coin surged after a small downward trend, reached another all-time high, and traded at $52.43 on May 10. This was the new all-time high set by Chainlink in May.

It couldn’t continue this price growth; shortly afterward, it fell nearly half this price. Chainlink’s price today is just above 25 USD.

What drives LINK price?

Certain prominent elements affect the market value of any cryptocurrency. Such factors include economic news, market sentiments, and government regulations. Apart from these popular asset price influencers, we have identified some more factors responsible for the price actions of LINK.

  • Chainlink Future Developments

Chainlink continues to garner significant appeal among developers, and it has completed over 300 integrations with nodes, data providers, DeFi, and blockchain-based projects. To date, every single Chainlink integration has bolstered LINK’s market capitalization, and continued growth is expected.

The more projects linked to Chainlink, the higher the market price of LINK, especially if the projects boom with impressive scalability. In 2021 alone, Chainlink had over 700 partnerships, integrations, and collaborations; in the first quarter of 2022, the project added 140 more.

  • Speculations and Interests

The surge in the price of LINK is often tied to rising interest in the coin and significant DeFi developments. It is no hidden secret in the crypto market that when institutional investors turn to an asset, its price goes up.

Similarly, speculations play a significant role in the price of any asset. The value of LINK will respond to rumors in the crypto space, news, and discussion in public columns among miners, investors, and devs.

More importantly, DeFi migration for centralized finance systems will undoubtedly generate massive speculative interest in blockchain projects like Chainlink.

  • Oracle Services Functionalities

The output of a smart contract is only as good as its external data sources. Hence, if the data source is malicious, the smart contract outputs inaccurate outcomes.

Ensuring the validity and accuracy of data sources is one colossal concern that Chainlink solves via its Oracle services. The expansion of Chainlink’s functionality could significantly impact LINK’s market value, as seen in 2019 when Google announced a Chainlink integration that led to a giant leap in the coin’s value.

More future integrations and real-world applications will definitely affect LINK’s price.

Where to store LINK

You can use a software wallet (e.g., MetaMask, Trust Wallet) or a hardware wallet (e.g., Ledger, Trezor). When it comes to using a crypto wallet vs. an exchange to store your coin, crypto wallets are generally preferred. However, these options are a bit more cumbersome and do come with their own risks. For example, if you lose your wallet keys, nobody will unlock them for you. But crypto investors still recommend using these wallets because they give you full control over your coins and are less likely to get hacked.

Conclusion

Chainlink theoretically faces off against the entire cryptocurrency market as a cryptocurrency. However, there are only three major rivals to Chainlink as a project: Band Protocol, API3, and WINKlink. As connecting other projects is the primary function of Oracle networks like Chainlink and the three listed above. The most crucial parameter for them is the number of partners they have got, making them compatible with one another and the outside world. Chainlink has ten times more collaborations and integrations than those three combined, putting it far ahead of its rivals. It is unquestionably the best.

The long-term price projections indicate LINK will probably reach new all-time highs as crypto adoptions intensify in the coming years. However, these are our Chainlink price predictions based on deep analysis and the tracking of historical data, so they are not investment advice. Do your own research before taking an investment option.

FAQs

Is Chainlink a good investment?

At present, the cryptocurrency market is forecast to grow in the coming years, with LINK prices expected to rise along with it. However, there are a number of factors that could lead to a rise or fall in prices. These include advances in technology, changes in market conditions, and the actions of governments and regulatory bodies. As such, anyone investing in LINK should do so with caution and only after doing their own research.

Will Chainlink coin crash?

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, it is likely that LINK prices will also increase.

Where can I buy and sell LINK?

LINK can be bought and sold on a number of exchanges; Binance, FTX, Huobi Global, KuCoin, Kraken, Gemini, Gate.io, Coinbase Exchange, Bitstamp, Bybit, FTX US, etc.

Can Chainlink reach $1,000?

It is possible, but predictions and algorithms cannot anticipate the news and industry developments that ultimately inform a coin’s price.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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John Palmer

John Palmer is an enthusiastic crypto writer with an interest in Bitcoin, Blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience.

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