Chainlink (LINK) caught the attention of investors when it hit $52 in May 2021, but many crypto enthusiasts had already had their eyes on this token long before that.
This innovative project enables universally connected smart contracts and does it in a fully secure, reliable, and efficient way. 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. In this article, we will present our Chainlink price forecast for 2021-2030.
|Current / Total Supply||456M / 1B LINK|
Chainlink is a decentralized oracle network that was built on Ethereum. Its token LINK is an ERC-677 token, which is an extension of ERC-20. The Chainlink network is used to facilitate secure and reliable transfer of data between off-chain sources and on-chain smart contracts.
Chainlink (LINK) tokens are what feeds the data from off-chain sources to smart contracts. LINK tokens can be stored in any ERC-20-compatible digital wallets, as the ERC-677 standard has the same functionality as the ERC-20 one.
The network is supported by a large number of data providers, node operators, security auditors, smart contract developers, and many others. Chainlink promises decentralized participation for all users that interact with the platform — anyone can become a node operator on the network.
Chainlink’s new whitepaper, which was posted back in April 2021, outlined some new features and capabilities of the network, including but not limited to:
- crypto-economic staking;
- off-chain computation;
- numerous privacy-preserving features.
Chainlink is a rather special project. It was one of the first networks that allowed off-chain data to be transferred to on-chain smart contracts, and its innovative nature has attracted quite a lot of partners and data providers, such as Huobi.
Who are Chainlink competitors?
As a cryptocurrency, Chainlink technically competes against the entire cryptocurrency market. As a project, however, Chainlink doesn’t have that many competitors — the three main ones are Band Protocol, API3, and WINKlink.
As the main purpose of oracle networks, such as Chainlink and those three mentioned above, is connecting other projects, making them compatible with each other and the real world, the most important metric for them is the number of acquired partners. And Chainlink is far ahead of its competition: it has ten times as many partnerships and integrations as those three combined. It is undoubtedly the number one oracle network.
Chainlink Price Analysis
Now, let’s take a look at Chainlink price history.
Chainlink is unique as it doesn’t follow the usual altcoin price movements. It didn’t have an explosive start like many other smaller coins or tokens, and it managed to recover from the sell-off that followed its first mooning.
LINK had been unable to overcome the $5 price level for almost two years, actually spending most of that time stuck below the $1 mark. Its first big break came in the summer of 2020: Chainlink managed to hit $19 in August. After that, LINK went through a brief correction period and started rising again at the beginning of 2021.
Chainlink price in 2021 followed the crypto market, rising in mid-spring, reaching its peak in early May, and then slowly but surely declining back to its pre-mooning numbers. However, unlike many other coins and tokens, LINK managed to recover, hovering around the $26 mark now. The current Chainlink price is $27.
Chainlink Price Today
Let’s take a look at what industry experts think about Chainlink (LINK) price and its future. Here’s the result of TradingView’s Chainlink technical analysis.
TradingView has a bullish outlook on the token, giving it a “Buy” signal. According to their Chainlink price forecast, this cryptocurrency still has room for growth. Their technical analysis shows that LINK is going to rise in the future.
Gov Capital is also bullish on this token: according to their Chainlink price prediction, LINK has a potential to reach $215 in the next few years. Many other experts, including the ones at Trading Beasts and Wallet Investor, have less optimistic price predictions, but their LINK forecasts are still overall positive — they expect the token to continue rising both in the short and the long term.
Chainlink Future Price Prediction 2021-2030
Chainlink Price Prediction by the End of 2021
As the market sentiment for Chainlink is currently bullish, this token is likely to rise before the end of the year. Current LINK price predictions, however, are rather conservative.
Chainlink Price Prediction November 2021
According to our Chainlink forecast, the token will probably hover around the $31 mark in November 2021. LINK may go up to $35, but it is also just as likely to drop to $25.
Chainlink Price Prediction December 2021
If the bullish trend lasts, Chainlink price will continue to slowly and steadily go up in December 2021. We think that some sharper price movements are likely to occur in December, as it will be the end of the year; although according to our Chainlink price forecast, the token will manage to hold on to at least the $30 price level.
Chainlink Price Prediction 2022
While investors are currently bullish on Chainlink, it is possible that the token will go through a correction sometime early next year. Because of this, we expect Chainlink price to go down to as low as $15, but we also think it will be able to rebound soon afterwards.
According to our Chainlink price prediction, this cryptocurrency has a potential to hit the $60 mark in 2022, but it will likely hover around the $40 price level for the majority of the year.
Chainlink Price Prediction 2023
Considering Chainlink has a history of innovative upgrades to its functionality, there’s a possibility that its devs will continue to substantially improve the project in the future. Such updates could cause LINK price to skyrocket.
Chainlink may have its next mooning in 2023: as the project accumulates more partners, the token that powers it will only become more valuable. Additionally, as smart contracts become more sought-after by real-world businesses, projects like Chainlink may gain even more attention than they already have.
According to our Chainlink forecast, the token has a potential to hit $100 in 2023, but it is unlikely to stay at that price for a long time. LINK token price may go down to as low as $20 after a major sell-off and a correction period, but it will likely remain at $50 for most of the year.
Chainlink Price Prediction 2024
If the market continues to view LINK in such a positive light, the token may reach the $80 price level in 2024 and stay in the $75-85 range. However, drastic price movements are the bread and butter of the crypto market, so LINK will likely experience some sharp ups and downs, going to as low as $30 and as high as $97.
Chainlink Price Prediction 2025
Chainlink price predictions for 2025 are overall extremely positive: most investors are bullish on LINK in the long term. The token is expected to hit $150 sometime in the next 5 years, and, according to our Chainlink long-term price forecast, 2025 could be the year LINK achieves that milestone.
Chainlink Price Prediction 2030
As long as the Chainlink team continues to amass partners, push out updates, and evolve further, both its price and market capitalization will remain competitive. However, it can always lose its value due to unforeseen external circumstances, such as stricter crypto regulations.
For now, in line with our Chainlink price prediction, LINK might be able to cross the $100 mark and strengthen its position at that price level, while also possibly reaching $300.
Will Chainlink ever reach $100?
A hundred dollars is actually a rather achievable price for Chainlink. Some experts are predicting that it will hit double that in the next few years, though most don’t see it rising that high. We think that a $100 peak is possible for LINK, but the token is unlikely to stay at that price level for long.
Can Chainlink reach $1,000?
Well, it technically can, but we think that Chainlink price is unlikely to ever reach $1,000. It will require the token’s price to be able to comfortably stay at the very least at the $100-300 price level, which currently seems unachievable.
Can Chainlink reach $10,000?
While everything is possible, it is highly unlikely that the price of Chainlink will ever reach $10,000 — not even the most optimistic LINK price predictions expect that.
Is Chainlink a good investment in 2021 and 2022?
Chainlink is a good investment for both the short and the long term. Most Chainlink price predictions expect this token to rise in the near future and stay strong in the next few years, so it seems to be a profitable investment.
How much will Chainlink be worth?
It’s hard to say how much exactly Chainlink (LINK) will be worth in the future, but we expect it to strengthen its position and not only rise back up to the $50 price level, but also to possibly cross the $100 mark.
Is Chainlink better than Ethereum?
Chainlink and Ethereum are both good projects and good investment options, but Ethereum is slightly better. However, as Ethereum price is unlikely to experience drastic price movements, Chainlink (LINK) will be a better choice if you want to add a “high reward, high risk” type of asset to your portfolio.
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