Overview of Chainlink (Link) Price
Chainlink works on the principles of decentralization and is backed by Oracle Network. It essentially connects smart contracts on blockchain to real-world events and data. Some of its core features include providing verifiable sources of randomness, supporting decentralized data feeds, and validating data from Oracles. Needless to say, the actual list expands way wider. Chainlink was founded by a trio – Sergey Nazarov, Steve Ellis, and Ari Juels – back in 2017.
This article highlights price predictions for LINK from 2024 to 2030, further attempts to bring out technical analysis of the digital asset.
Here are some key highlights from our latest analysis on Chainlink’s price movement and future projections.
- The live price of Chainlink is $13.45143 (LINK/USD).
- The price has increased by 82.126% in the last year.
- Our recent LINK price forecast indicates that its value will increase by 3.51% and reach $14.99589 by August 1, 2024.
- Our technical analysis indicators signal Bearish market sentiment on Chainlink.
- Chainlink has had 14/30 (47%) green days and 4.93% (Medium) price volatility.
Let’s dive into the detailed yearly Chainlink price predictions for 2024-2050 based on historical price movements, technical analysis, and LINK halving cycles.
Chainlink Price Overview (Statistics)
Cryptocurrency | Chainlink |
Token | LINK |
Price | $13.45143 |
Price Change (24h) | 2.77% |
Price Change (7d) | -1.42% |
Market Cap | $8,409,912,672.98 |
Trading Volume | $253,862,060.07 |
Circulating Supply | 587,099,970 LINK |
All-Time High | $52.89 (May 10, 2021) |
All-time Low | $0.126297 (Sept 23, 2017) |
Volatility | 4.93% (Medium) |
Fear-Greed Index | 68 (Greed) |
Sentiment | Bearish |
Green Days | 14/30 (47%) |
Moving forward, the article presents Chainlink price prediction from 2024 to 2030. It is important to note that LINK price prediction is only for reference and should not be taken as a core outcome, especially amid high fluctuations and volatility.
Chainlink Price Predictions 2024-2030
Let us look at Chainlink (LINK) price prediction for the upcoming years, based on the historical price movements, technical analysis and LINK halving cycles.
Year | Minimum Price | Average Price | Maximum Price |
2024 | $13.241667 | $26.554833 | $39.867999 |
2025 | $14.345758 | $56.820192 | $99.294626 |
2026 | $15.255666 | $43.113561 | $70.971456 |
2027 | $13.434546 | $17.303089 | $21.171633 |
2028 | $14.934666 | $29.398066 | $43.861466 |
2029 | $31.085546 | $88.338606 | $145.591666 |
2030 | $30.941554 | $68.95755 | $106.973546 |
Chainlink Price Predictions 2024
Based on the technical analysis of Chainlink prices for 2024, the minimum cost of Chainlink is projected to be $13.241667. The Link price could reach a maximum of $39.867999, with the average trading price expected to be around $26.554833.
Chainlink Price Predictions 2025
After analyzing Chainlink prices from previous years, it is estimated that in 2025, the minimum price of Chainlink will be approximately $14.345758. The LINK price could reach a maximum of around $99.294626, with an average trading price of about $56.820192.
Chainlink Price Predictions 2026
According to the technical analysis by cryptocurrency experts, Chainlink prices in 2026 are expected to have a minimum of approximately $15.255666 and a maximum of $70.971456. The average trading price is anticipated to be around $43.113561.
Chainlink Price Predictions 2027
Cryptocurrency experts have reviewed the historical prices and fluctuations of Chainlink over previous years. It is projected that in 2027, the minimum LINK price could decrease to $13.434546, with a potential maximum of $21.171633. On average, the trading cost is expected to be approximately $17.303089.
Chainlink Price Predictions 2028
According to crypto experts’ analysis of Chainlink’s costs, the anticipated LINK prices for 2028 are expected to range between $14.934666 (minimum) and $43.861466 (maximum). The average trading price is projected to be around $29.398066.
Chainlink Price Predictions 2029
Crypto experts continually analyze Chainlink’s fluctuations. According to their predictions, the average estimated LINK price is around $88.338606. It could potentially drop to a minimum of $31.085546but may also reach as high as $145.591666 throughout 2029.
Chainlink Price Predictions 2030
Annually, cryptocurrency experts forecast Chainlink’s price trends. In 2030, LINK is projected to fluctuate between $30.941554 and $106.973546, with an anticipated average cost of approximately $68.95755 throughout the year.
Chainlink Market Cap
Crypto market cap prediction 2030 for Chainlink is $15 billion. This is a safer assumption, considering a jump from $7.52 billion would be rather convenient than a struggle. Plus, it is backed by the fact that there is growing recognition and adoption of LINK and other cryptocurrencies across the world. LINK market cap can alternatively jump to $25 billion in the next 5-6 years.
It first remains crucial for the token to mark support at levels that are projected for short-term. A thorough follow-up in later years would then set the stage for a higher market cap. It also remains to be seen how the global market cap surges. It is currently at $2.14 trillion, with a decline of 0.29% while this piece is being drafted.
There are two situations that may happen: either Chainlink gains a higher market share, or the overall market cap jumps significantly so that LINK can see the transformation. The former situation can bring a rise in the ranks, while the latter situation may or may not mean that.
History of Chainlink
Chainlink is an open-source, decentralized, permissionless network that securely connects smart contracts with off-chain data and services. Chainlink ecosystem was created in 2017, and the Mainnet was officially launched in 2019. In 2014, Sergey Nazarov and Steve Ellis co-founded ‘SmartContracts,’ which integrates smart contracts with external data, later converted to Chainlink labs.
In April 2021, the Chainlink team published a whitepaper on Chainlink protocol 2.0. According to the team, Chainlink will evolve to contribute to the blockchain ecosystem. Chainlink network stands to enhance reliability, speed, confidentiality, preserving universal connectivity and computation for hybrid smart contracts. Team vision to add high-integrity-blockchain-grade data to systems.
The protocol acts as secure middleware for developing and executing a decentralized Oracle network (DON). Oracle is a third-party service that provides real-world data, and DONs supply smart contracts with trusted data and computation not available on-chain. In addition to that, Chainlink Oracles offer benefits like delivering external data, sending commands to external networks, and executing off-chain codes. Chainlink works with EVM chains, Solana, and Terra blockchains and functions towards a better cross-chain interoperability protocol for bringing a multichain ecosystem.
As of now, more than 1170 projects rely upon the LINK ecosystem, and the network supports more than 700 Oracle networks. Chainlink offers weather data, sports data, price feeds, other market data, and many more real-world data to associated projects and enterprises.
Features of Chainlink
- Chainlink enables blockchain application developers to use Oracle that connects smart contracts with off-chain data like price feeds. Oracle helps DeFi protocol, NFT, and gaming apps to provide new features and scalability.
- Chainlink is the most famous Oracle solution across major smart-contract areas such as DeFi, NFT, blockchain, gaming, and insurance. It is used to expand smart contracts, provide data access, and help secure projects.
- Chainlink can support any blockchain or layer two solutions at its native working conditions and cost. Chainlink is integrated across Ethereum, Avalanche, Solana, BSC, Polygon, Arbitrum, Optimism, Polkadot, and many more blockchains.
- Chainlink is infinitely scalable and fully customizable to include any type of data, computation, and security configuration.
- Chainlink is secure middleware that empowers enterprises and traditional data contributors to participate in on-chain markets. Chainlink can easily connect backend infrastructure to smart contracts on any blockchain and permission control.
Chainlink has five different products that help cryptocurrency projects and blockchain technology companies.
- Market and data feed: Accurate, quality-assured, decentralized data feeds for DeFi, sports and weather.
- VRF: Verifiable tamper-proof random number generator for NFTs and the gaming industry.
- Keepers: Cost-efficient DevOps automation and off-chain computation for enhancing smart contracts development.
- Proof of Reserve: On-chain and off-chain reserves for reliable and timely audits.
- Cross-chain bridging is an open-source standard for secure cross-chain applications and bridges.
Further, the Chainlink market is a resource hub for smart contract developers, node operators, and data givers. The network provides a data visualization tool named ‘Chainlink Oracle reputation’ (COR), by which users can display complete Oracle reports. ‘Fiews’ is a Chainlink tool that provides ‘Ethereum as a Service’ (EaaS) for Chainlink nodes. Users can find the latest news reports and partnership updates in the ecosystem.
Price History of Chainlink
Past performance data shows that Chainlink cryptocurrency was launched at around $0.169 and traded sideways between $0.16 and $0.475 in 2017. The first spike was noted at $1.37 on Jan 08, 2018. The following upward trend resulted in a price hike towards $3.5 by June 2019 and gave significant returns to holders within a month. The subsequent withdrawal resulted in a price swing between $1 to $5 for more than a year.
In Aug 2020, LINK surged to $19, giving a 4X return to investors within a short time. Chainlink cryptocurrency gave numerous swing opportunities to traders throughout 2020. A noticeable upward momentum started from January 2021, which hit $34 and tested resistance.
LINK had formed higher highs on the daily chart with enormous volume support, excluding slight pullbacks. The surge catapulted LINK to mark its all-time high at $52.88 in May 2021. Every value addition of the project is not reflected in Chainlink’s price.
LINK lost momentum at the highest price and started falling, the typical breakdown after a hike. Sharp fell from $52 to $19 and took support at $19. After taking support at $19, the price further fell to $14 levels. However, it immediately started an up-move, and the price went up to $16 levels.
LINK has formed a triple top pattern on the daily chart and traded sideways in the range of $13 to $35 from July 2021 onwards. Chainlink’s price range is substantial, and LINK faces an emphatic rejection at $35, which has been tested by four swing highs but failed to cross.
Technical Analysis of Chainlink
The cryptocurrency market had initiated a bullish momentum after the economic disruption; the Russia-Ukraine war was a primary reason for global market volatility. Total market capitalization had plunged with significant selling volume during the downfall. The severe downfall had made crypto lovers lose a huge part of their invested capital in the market.
LINK is trading at $7.47, with a 24-hour volume of $432,897,140 while writing. The current market capitalization is $8,409,912,672.98 and ranks 15th in the market. The current price is 85.70% less than the all-time high.
After the high of Nov 10, the price has been continuously falling. From $38, the price gradually fell to $15 in just 25 days. After that, the price started to recover and reached $25 resistance but failed to cross it. The coin has touched the $12.6 support level multiple times and was able to sustain it until a few days back. The price broke its long-time crucial support of $12 and has moved below it. After looking at the global status of the crypto market, the coin may continue the downtrend it started on Apr 04, 2022.
LINK shows a bearish signal on technical analysis charts. Immediate resistance is noticed at $13.4, and if bulls are strong, LINK may be pushed towards crucial resistance of $16 from the immediate resistance. Once the LINK price climbs above $16, it will face major resistance at $21 and $23. Bulls need to kick a potent price action supported by huge volume to leap over the decisive hurdle at $29 before tackling the all-time high.
On the opposite side, the immediate support is placed at $6.25. If the bulls fail to push the price from the previous support range, traders can sell Chainlink below the first support level because it is eyeing the $5 zone after that. Significant support is placed at $3.48, but the price reaching such a low level is not expected anytime soon.
LINK is trading below 20 EMA, 50 EMA, and 200 EMA, showing that the coin does not have much strength. The MACD line is trading below the Signal Line, demonstrating a negative momentum. The Relative Strength Index (RSI) is 31, also indicating bearish momentum.
Currently, the volatility is moderate as per the Bollinger Bands. ADX is at 42, strengthening the bull’s hand. The F&G is at 4, indicating extreme fear in the market amongst investors and traders.
Chainlink technical analysis indicates that investors may hold their coins for at least some time. However, new investors should not buy at this moment and wait for a clear trend indication. High-risk takers can check for an entry above the primary support levels but be aware of strict stop loss.
Chainlink Price Prediction by Experts & Analysts
Several experts have put on the table their version of Chainlink price analysis. This includes the likes of TradingBeasts and Digital Coin Price.
- TradingBeasts believes that LINK is demonstrating a cautious approach and it could continue to do so. This stems from the fact that fluctuations are within control, and will be within control even if there is a drop across the crypto market. January 2024 would be a crucial year for the near future. It will determine if Chainlink analysis comes true, or if the market has to keep its fingers crossed for a favorable outcome.
- Digital Coin Price is confident about the bullish scenario of LINK. Digital Coin Price has suggested that the average price will be around $30 this year. This is in line with broader speculation where the maximum it can go to is $98.
Chainlink price predictions by experts are too subject to volatility and should not be taken as a definite outcome before the event has happened. Do research and risk assessment before allocating funds to Chainlink’s LINK or any other cryptocurrency for that matter.
FAQs
What is Chainlink?
Chainlink is a decentralized Oracle network. It connects smart contracts to real-world data plus events and has several core features like verifiable sources of randomness and validating data from Oracles.
How to buy Chainlink?
$LINK can be bought using fiat currency like the US Dollar. Interested users are first required to create an account on an exchange platform and then proceed to complete the formalities of setting up an account. Once completed, the platform automatically guides investors and traders to buy Chainlink’s native token. One can easily reach out to the support team of Chainlink in case any issue persists.
What is chainlink crypto?
Chainlink crypto (LINK) is a digital asset that allows data providers to connect blockchain smart contracts with external data sources. The network essentially uses hybrid smart contracts to combine on-chain code and off-chain code.
What does chainlink do?
Chainlink connects smart contracts with external data sources like enterprise systems, web APIs, and payment systems.
Why is chainlink going up?
Chainlink is going up because it houses a bull run for the future. LINK is speculated to surge significantly in the times to come. Needless to say, this is merely a speculation and not a guaranteed outcome. Hence, a cautious approach is highly recommended.
How high can chainlink go?
Chainlink can go as high as $100 in 2024. Alternatively, it can go as high as $39.76. While the difference is broad, it is drawn depending on the kind of investor one looks up to. The milestone of $39 is rather more realistic; however, the majority of community members expect the token to breach the level of a hundred dollars.
Where to buy chainlink?
$LINK can be bought from exchange platforms that are hosting the token. Some of them are Binance, KuCoin, Kraken, OKX, and PrimeBXT. Choosing an exchange platform is an individual choice and must be done so after understanding or trying a platform’s demo account. It helps to understand its interface and tools.
How does chainlink work?
Chainlink leverages the ability of hybrid smart contracts to connect smart contracts on blockchain to real world data and events. Smart contracts securely access external events and data.
Where to stake chainlink?
Chainlink Staking helps holders and node operators to earn rewards in native currency. Chainlink Staking can be done on Binance, OKX, and KuCoin, among other platforms.
How does chainlink make money?
Chainlink makes money through different revenue models. This includes node operators, Oracles, aggregation contracts, enterprise products, and network revenue share. The majority of the payments within the ecosystem happen in LINK. Their price in fiat currency depends on the ongoing exchange rate.
Is chainlink a good investment?
The goodness of Chainlink can be determined as per one’s trading preferences and strategies. Long term holders may not find it fit to invest for only 30 days, or even 6 months for that matter.