Chainlink Price Prediction: Is LINK Crypto a Good Investment? (2024)

Chainlink (LINK) is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, enterprise systems, cloud services, IoT devices, payment systems, other blockchains, and more. The project remains one of the most promising on the market. Can it eventually hit $1,000? Discover the long-term LINK price prediction in StealthEX’s latest article.

Chainlink (LINK) Overview

Chainlink is an oracle network that supports a range of Web3 and cryptocurrency-related initiatives, protocols, and blockchains. Chainlink enables complicated real-world interactions and transactions in the Web3 ecosystem by safely and reliably supplying real-world data into these contracts.

Chainlink ensures the accuracy and dependability of the data input into smart contracts by forming partnerships with many trustworthy data suppliers. Decision-making procedures in insurance, DeFi, and other Web3 industries depend on this. Chainlink’s technology is supported by a thriving and expanding community of users, developers, and partners. Because of the community’s support, Chainlink is frequently chosen for Web3 projects and fosters innovation and acceptance. One of the unique features of Chainlink is its oracles that sign the data they input on-chain with a unique cryptographic signature, allowing users to prove its origin as being from a specific oracle node.

Chainlink was founded in September 2017 by a group of people led by Sergey Nazarov, Steve Ellis, and Ari Juels. The team initially began working on Chainlink as a solution to this problem and eventually released the first version of the Chainlink network in May 2019. The project is managed by a corporation registered in the Cayman Islands, Smartcontract Chainlink, Ltd., and the Chainlink Labs organization.

Chainlink Features

Chainlink offers a number of features within the crypto space. These are:

1. Supporting decentralized data feeds. Data from many sources can be securely collected and processed for hybrid smart contracts.
2. Providing verifiable sources of randomness. Applications such as games that require cryptographically secured randomness can use Chainlink.
3. Enabling automation. Chainlink smart contracts can automate critical functions and event-driven tasks for enterprises.
4. Supporting cross-blockchain interoperability. Chainlink can connect blockchain platforms to support the exchange of messages, tokens, and specific actions.

Chainlink (LINK) Price History Highlights

• 2017-2018: During the token’s September 2017 debut, one billion tokens were created. A public sale was held for about 35% of the total, with a price range of $0.09 to $0.11, raising $32 million. Over two years after the token’s debut, the price never rose over $1.30.
• 2019: In 2019, with a rush of new alliances with companies including Reserve, Polygon Network, and Google Cloud, link costs shot up to $5, a 489% increase.
• 2020-2021: Link’s price broke $20 for the first time in August 2020 after a series of other collaborations, one of which involved Provide. Link’s price increased by more than six times between December 2020 and May 2021, when it hit an all-time high of $52.88.
• 2022: The worst performing year for Chainlink was 2022 when the price dropped by -71.50% from $ 19.54 to $ 5.57.
• 2023: The comparison of Chainlink close price on October 22, 2023 ($8.89) vs November 21, 2023 ($14.51) reveals that the closing price of LINK has increased by 63.12%. Looking at the value of Chainlink traded volume, we can see that on the first day of the 1-month period, $731,164,195 worth of LINK were traded. Compared to the last day’s volume ($612,750,610), there’s a clear 16.20% drop.
• 2024: During the short bull ruin in March 2024, LINK price went as high as $21.75. At the moment, its price hovers between $10 and $11.

Chainlink (LINK) Price Chart

CoinMarketCap, August 14, 2024

Chainlink Price Prediction: 2024, 2025, 2030-2040

LINK Price Prediction 2024

DigitalCoinPrice experts believe that in 2024 LINK coin’s price might go as low as $8.39 (-10%), while at its high it can reach $20.59 (+120%).

PricePrediction crypto analysts expect that in 2024 LINK coin is going to hover within a tight price frame: $13.26 (+42%) at its low vs $15.12 (+62%) at its peak.

Telegaon crypto experts give an optimistic price prediction for LINK in 2024: in December 2024 LINK might drop to $22.83 (+144%), while at its peak it can go as high as $28.85 (+209%).

Chainlink Price Prediction 2025

According to DigitalCoinPrice, the price of LINK will continue to rise. Based on the experts’ predictions, in 2025, LINK might reach $24.23 (+159%) per coin at its highest point. Its lowest price might drop to $20.09 (+115%).

Based on the experts’ forecasts at PricePrediction, in 2025, LINK crypto can go as high as $22.73 (+143%) as its lowest price might drop to $18.8 (+101%).

Analysts at Telegaon expect that in 2025, LINK coin will rise in price: it can reach a maximum price of $46.56 (+399%), while at its lowest point it can drop to a minimum of $34.89 (+273%).

Chainlink Price Prediction 2030

DigitalCoinPrice crypto experts think that by 2030, LINK coin’s price will grow in price even more: its minimum price level is expected to be around $63.31 (+578%), while its maximum price will go as high as $70.1 (+651%).

PricePrediction analysts believe that by 2030, Chainlink’s progress in terms of price will be even more prominent: according to them, the crypto’s lowest price will hit $120.69 (+1,193%), while at its peak it might reach $143.61 (+1,439%).

Telegaon price predictions estimate that by 2030, Chainlink is going to reach $97.14 (+941%) at its minimum and might trade at a maximum of $125.32 (+1,243%).

Chainlink Price Prediction 2040

According to PricePrediction forecasts, in 2040 LINK will reach staggering price levels: its minimum price is expected to be a whopping $6,028 (+64,508%), while its maximum price is going to hit $7,600 (+81,357%).

According to Telegaon forecasts, by 2040 Chainlink will continue further rising in price. This website believes that the coin can go as high as $274.45 (+2,841%). It can also drop in price to a minimum of $235.78 (+2,427%) per coin.

Chainlink (LINK) Price Prediction: What Do Experts Say?

When it comes to data, compute, and cross-chain services, Chainlink has one of the highest aggregates of demand. This is significant since supply and demand typically follow in marketplaces. Chainlink technology continues to improve and become more widely used by various companies. Just recently, 21Shares, one of the world’s largest issuers of crypto exchange-traded products (ETPs), integrated Chainlink’s Proof-of-Reserve (PoR) system to create more transparency for its Core Ethereum exchange-traded fund (ETF).

Some experts think that even if Chainlink faces downward movement, it is still part of the grand plan. For instance, AMBCrypto claims that addresses holding between 1 million and 10 million LINK have accumulated since late July and ramped up a buying spree in August. They now control 19% of the LINK supply. According to this website, the current sell pressure seems to come from addresses holding up to 1 million coins. Many crypto analysts believe that the ongoing price dump may be just the beginning of a new bullish upward movement.

LINK USDT Price Technical Analysis

Tradingview, August 14, 2024

Now that we’ve seen possible price predictions for LINK, let’s find out a bit more about the factors that can influence its price.

What Does the Chainlink Price Depend On?

Similar to numerous other cryptocurrencies, speculation and market mood impact the price of Chainlink. Positive announcements about partnerships or successful protocol changes can create excitement and encourage speculative buying, which can drive price increases.

The price of the token is greatly influenced by the expansion and advancement of the Chainlink ecosystem. The demand for LINK tokens is anticipated to rise as more developers create services and apps on top of the Chainlink network, thereby increasing their cost. By understanding these factors influencing Chainlink’s (LINK) token price movements, investors and traders can make more informed decisions regarding their involvement in the Chainlink ecosystem.

When assessing LINK coin as an investment, keep the following considerations in mind:

• Supply and demand;
• Market sentiment;
• Expanding market for DeFi solutions;
• Wider adoption;
• Partnerships;
• Economic environment;
• Regulatory decisions.

Risks and Opportunities

Chainlink was a first-mover in the decentralized oracle network space and has emerged as the dominant player in the oracle landscape. The project continues to innovate and remain competitive in a fast-moving industry, as evidenced by the 2021 Chainlink 2.0 whitepaper. In addition to refining its staking mechanism, Chainlink has released a suite of new features and services. This includes Verifiable Random Functions (VRFs), Off-chain Reporting (OCF), Keepers, and even its new Cross-Chain Interoperability Protocol (CCIP), which features a cross-chain message relaying service, and as a cross-chain token bridge.

The potential expansion of the cryptocurrency market and DeFi usage overall, along with the rising implementation of smart contract technology in older systems, could be advantageous for Chainlink. Despite this, this cryptocurrency remains quite volatile and unpredictable, especially in the current market conditions. Moreover, despite the network’s inarguable success, the token (LINK) has drastically underperformed other successful projects, such as Ethereum.

Is Chainlink a Good Investment?

In actuality, Chainlink offers and possesses incredibly valuable and helpful technologies. As blockchain technology becomes more generally used, the ability to connect on-chain and off-chain data as well as networks will probably become more and more valuable.

Is Chainlink Worth Investing In?

It depends. Like any cryptocurrency, Chainlink can be a good choice for an investor with high risk tolerance.

How High Can Chainlink Go?

PricePrediction expects LINK to go as high as $7,600 in 2040.

What Is the Price Target for LINK in 2024?

DigitalCoinPrice believes that in 2024 LINK can hit $20.6 at its peak.

What Will Chainlink Be Worth in 2025?

Telegaon experts believe that in 2025 Chainlink can hit a maximum of $47.

What Will Chainlink Be Worth in 5 Years?

According to PricePrediction, LINK will reach $24 at its highest point.

What Is the Price Target for Chainlink in 2030?

Telegaon analysts think that in 2030, LINK crypto can hit a maximum of $125.

Where Will Chainlink Be in 5 Years?

It’s hard to say, however, most predictions state that Chainlink will develop further and rise in price.

How Much Will Chainlink Cost in 2040?

Telegaon assumes that in 2040, LINK will jump to $274.

What Will Chainlink Be Worth in 2050?

PricePrediction analysts believe that in 2050 Chainlink will hit $9,689 at its highest point.

Is Chainlink Good for the Long-Term?

Based on most LINK price predictions, it may be a profitable investment, and its future price is expected to grow. However, it’s still advisable to do your own research and keep in mind that cryptocurrencies are extremely volatile.

Can Chainlink Reach $100?

It’s possible as LINK has already hit $50. Though past results do not guarantee future success, LINK definitely has potential to go higher.

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.

Why Is Chainlink So Popular?

Chainlink has positioned itself as a reliable project that’s grown steadily over the years as it proposes and possesses very useful and valuable technology.

Will Chainlink Be the Next Bitcoin?

It may be, however, the competition is tight.

Is Chainlink Better than Polkadot?

In reality these two networks serve different purposes. The goal of LINK is to create a cohesive network by connecting disparate networks. The DOT network, for example, is a chain ecosystem that can exchange messages and protect confidential information.

Conclusion

Chainlink bridges the gap in the market by offering a platform for oracle trading. With the help of Chainlink, smart contracts will be able to advance significantly thanks to a hybrid on-chain/off-chain design. Chainlink 2.0’s expanded Decentralized Oracle Networks will enable hybrid smart contract developers to create the scalable and privacy-preserving decentralized applications that mainstream users have been waiting for, just as Chainlink’s secure data oracles have unleashed innovation throughout the DeFi ecosystem.

Where to Buy Chainlink (LINK) Coin?

StealthEX is here to help you buy LINK crypto if you’re looking for a way to invest in this cryptocurrency. You can buy LINK privately and without the need to sign up for the service. StealthEX crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy Chainlink Crypto: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

• Choose the pair and the amount you want to exchange — for instance, ETH to LINK.
• Press the “Start exchange” button.
• Provide the recipient address to transfer your crypto to.
• Process the transaction.
• Receive your crypto coins.

Follow us on Medium, Twitter, Telegram, YouTube, and Publish0x to stay updated about the latest news on StealthEX.io and the rest of the crypto world.

Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.

Tags: Chainlink crypto price prediction LINK coin price analysis price prediction

BRETT Coin Price Prediction: Will Brett Go to $1?

According to the Brett coin price prediction, by the end of 2030, the BRETT crypto price is expected to reach…

Solana Liquid Staking Grows, UK Crypto Bill, IndoDax Hack

Solana's liquid staking expands, UK classifies digital assets, IndoDax suffers $20.5M hack, and ENS partners with PayPal and Venmo for…