Chainlink (LINK) has become the backbone of many DeFi protocols and services that require external data. With the DeFi sector expected to expand massively over the next few years, how much could LINK be worth? Let’s take a quick overview of Chainlink.
|Price Change 24h||-2.49%|
|Price Change 7d||-4.42%|
2021 was a momentous year for Chainlink as it was for the crypto market in general. But now investors are wondering what price LINK could hit in 2022 and beyond. So, what is Chainlink expected to reach?
Could Chainlink’s prospects really be so great? We certainly think so. Read on to see how Chainlink could reach these new highs.
If you want to buy Chainlink quickly and easily, with a 0% commission, check out the eToro Exchange!
LINK — Coin Of The Oracles
It’s often said that Chainlink, which was built on the Ethereum (ETH) platform, has no direct competitors. This ERC-20 token describes itself as a ‘decentralised oracle service’ because it was created to connect smart contracts with the outside world, using blockchain oracles (digital pathways) to bridge the internet and real-world applications.
There is a max supply of 1,000,000,000 LINK tokens. LINK, like most ERC-20 tokens, can be broken down into 18 decimal places. The smallest denomination of LINK is called a ‘juel’. Chainlink is sometimes styled as ‘ChainLink’.
Some of Chainlink’s rivals include:
What’s The Point Of Chainlink?
Cryptos such as Ethereum use smart contracts to power transactions. Smart contracts are sections of code that contain the details of a particular transaction — for example, the name of the parties involved and the amount of money or crypto that is being transferred. These help to make digital payments more secure and are widely considered to be one of the most desirable characteristics of crypto platforms.
However, smart contracts have one key downfall: they can’t link up to real-world applications. Essentially, this means that their real-world use cases are severely limited — something that Chainlink aims to change.
Some of Chainlink’s benefits include:
- Rewards participants for being data providers.
- The most used oracle network for smart contracts.
- A distributed network of oracles results in more reliable data.
- Highly popular in the crypto community and outside the crypto community — Chainlink has even forged partnerships with Google!
Who Is Behind Chainlink?
Chainlink was created by Chainlink Labs which was co-founded by CEO Sergey Nazarov who had previous experience in creating peer-to-peer marketplaces.
Chainlink was launched via an initial coin offering (ICO) in 2017, which makes it a third-generation cryptocurrency. During its ICO, the asset raised more than $32 million from investors, gaining attention for its unique approach to decentralised finance (DeFi).
What Is Chainlink Used For?
As its name suggests, Chainlink enables its users to send and receive data to and from off-chain APIs (application programming interfaces). This means it can act as a middleman software (Chainlink is referred to as ‘middleware’), transferring information onto the blockchain even if it wasn’t created on the chain.
Chainlink is proof-of-stake though staking is yet to be implemented. Once it is, Chainlink will increase its utility. Users can earn LINK by providing data to the network.
Who Uses Chainlink?
Chainlink is massively popular in the crypto market powering some of the top DeFi projects, including Aave (AAVE), Compound (COMP), and Synthetix (SNX). Chainlink also operates on the Binance Smart Chain, Solana (SOL), Polygon (MATIC), Avalanche (AVAX), and Terra (LUNA), as well as several other chains.
According to Etherscan, 655,408 wallets hold Chainlink, but as LINK operates on multiple blockchains, the total number of wallets is likely higher.
Outside the crypto market, Chainlink has partnered with the Associated Press, Google, FedEx, AccuWeather, SWIFT, and FlightStats.
Read Also: The 5 Best Ways To Buy Chainlink (LINK)
Technical Analysis Of Chainlink’s (LINK) Price Movements
Chainlink was first available to investors via its ICO on the 18th of September 2017, where one LINK sold for $0.11. Shortly after, CoinMarketCap started tracking the price of LINK on the 21st of September 2017 trading at $0.1697. A few days later, Chainlink hit its all-time low of $0.1263 on the 23rd of September 2017.
At the beginning of 2021, Chainlink traded for $11.87, reached an all-time high of $52.88 and ended the year at $19.59. Chainlink’s current 52-week low is $11.50.
Chainlink Price Chart
LINK/USD price chart. Source: Coinmarketcap
Expert’s Take On Chainlink Price Predictions
Chainlink price predictions are generally positive — only WalletInvestor and Trading Beasts expect Chainlink to decline.
DigitalCoinPrice: “The price of 1 Chainlink (LINK) can roughly be [up to] $20.50 USD in 1 [years’] time a 2X nearly from the current Chainlink price”.
Coinskid: “Our Forecast System predicts that Chainlink could possibly increase in value in the short term by -2% to $15.11 from $15.43. The system forecasts a +7% move from $15.43 to $16.47 over the next month, Chainlink has a price prediction of $25.19 in over a [years’] time”.
CryptoGround: “The price of ChainLink (LINK) after 5 years (from today) will be around $76.4671”.
WalletInvestor: “The price of ChainLink may drop from 15.249 USD to 11.971 USD. The change will be -21.495%”.
Price Prediction: “The price of 1 Chainlink is expected to reach [a] minimum level of $65.03 in 2025. The LINK price can reach a maximum level of $75.26 with the average price of $67.28 throughout 2025”.
Coin Price Forecast (2024-2028): “These five years would bring a significant increase: Chainlink price would move from $26.45 to $60.76, which is up 130%. Chainlink will start 2024 at $26.45, then soar to $28.38 within the first six months of the year and finish 2024 at $31.00. That means +102% from today”.
Gov Capital: “Future price of the asset is predicted at $45.899793206658 (202.012% ) after a year according to our prediction system.
This means that if you invested $100 now, your current investment may be worth $302.012 on 2023 March 02, Thursday”.
Trading Beasts: “according to our forecasts, the Chainlink price is going to decrease. Now the Chainlink price is $15.280, but by the end of 2022, the average Chainlink price is expected to be $14.556”.
ICOcreed: “The price of Chainlink is expected to reach [a] minimum value of $359.33 in 2030 . The Chainlink price could reach a maximum value of $405.67 with the average trading price of $368.91 throughout 2030”.
Chainlink (LINK) Price Predictions
Our Chainlink forecast suggests that the median price may trade above $15 within the first six months and reach $21 by the end of the year. According to experts' price predictions, the average price will stay above $75 in 2025 and the LINK price may rise to a maximum of $550 in 2030.
There are several factors to consider when mulling over Chainlink price predictions, here are some.
One of the key factors that can affect the price of Chainlink is the number of transfers that are processed by its blockchain platform. According to data from AMBCrypto last year, the number of Chainlink transfers reached a monthly low of 663.857 at the end of February 2021 — a figure that coincided with the asset’s 27% decline from its ATH of nearly $40 to around its current price of $29.
Although the predictions all look incredibly positive, it could be that we’ll start to see a more bearish trend if the amount of Chainlink activity doesn’t pick up.
Another factor is the DeFi sector. DeFi refers to financial services that are removed from centralised bodies such as banks or global firms. With a few notable exceptions, for example, Ripple XRP (XRP), the majority of cryptocurrencies are decentralised and Chainlink is no exception.
In an interview, Chainlink CMO Adelyn Zhou said: “Deterministic smart contracts will become more attractive in a world where trusted, “brand-based” contracts have begun to fail. If we take this hypothetical to its extreme end – a world where these trusted contracts have failed entirely – DeFi becomes not just a parallel financial and legal system, but is instead the default standard”.
Since Chainlink enables people to use smart contracts with greater freedom, extending their real-world application, it’s clear that the crypto platform is in a prime market position to take advantage of this growing sector. As demand continues to increase, the use of the Chainlink blockchain may also increase, thus driving up the asset’s price.
Two other significant factors include supply and demand — LINK has a limited supply, which means it has a scarcity factor — and the price of Bitcoin, which as the largest crypto, can bring the entire market up or down.
Chainlink is well-positioned to take the world by storm both in the crypto market and outside the crypto market. This makes it an excellent short-term investment and long-term investment. Here are our Chainlink price predictions for 2022 to 2030.
Chainlink (LINK) Price Prediction 2022
As per our short-term technical analysis and Chainlin price prediction, the LINK crypto price could be around $20 in 2022. The coin might reflect a bull run and Chainlink price might increase in the long term. Based on experts' price forecasts, the LINK coin can hit a max of $28.56 and a low of $15.70.
Chainlink (LINK) Price Prediction 2023
The growing DeFi market will mean more services will require access to Chainlink’s oracles, increasing demand for this crypto. As per our Chainlink forecast and price chart for the average price prediction, Uniswap price might record price movement during 2023, as it will catch up with other tokens. Chainlink price might reach somewhere around its previous all-time high at $52. The coin will be worth a top price of $56.64 and a low of $27.09.
Chainlink (LINK) Price Prediction 2024
The 2024 Bitcoin halvening will spur another bull run and take Chainlink to higher highs. Our Chainlink price prediction model calculates that in 2024 LINK will accomplish an average of $65.97, a high of $81.31 and a low of $43.49. The end of year price of Chainlink will be $71.11.
Chainlink (LINK) Price Prediction 2025
As per our long-term technical analysis and Chainlink price prediction, the leading DeFi cryptocurrency could be around $101 in 2025. Based on experts' price forecasts, Chainlink can hit a max of $124.65 and a low of $72. The average is a 51% increase on it’s current all-time high.
Chainlink (LINK) Price Prediction 2026
Expanding beyond crypto, by 2026 Chainlink will become one of the world’s No. 1 places for oracle services. Chainlink will achieve a record price of $294.77 in 2026 as it cements an average of $210.65 and ends the year at $233.76, as determined by our Chainlink price prediction. The lowest price prediction for Chainlink in 2026 is $198.20.
Chainlink (LINK) Price Prediction 2027
Have you ever wondered what the price of the LINK coin will be in the next five years? In 2027, we believe that the price of Chainlink will start rising at a good rate. If this is the case, then the coin may be priced as high as $350 in 2027. The average price prediction for the end of 2027 is $300.
Chainlink (LINK) Price Prediction 2028
Technical enhancements and the 2028 Bitcoin halvening will see Chainlink continue to rally upwards. Our Chainlink price prediction surmises that LINK will start 2028 at $331.77 and end the year at an average price of $450.45. The maximum LINK can achieve is $500.47 and the predicted minimum is $307.94.
Chainlink (LINK) Price Prediction 2029
Institutional investors will begin to splurge on Chainlink like never before by 2029. Our long-term Chainlink price prediction expects LINK to rally to $561.16 at the highest and $393.51 at the lowest. Chainlink will then wrap up 2029 at an average of $515.86, according to our Chainlink price prediction.
Chainlink (LINK) Price Prediction 2030
Chainlink future average price will be $650.40 in 2030. We do not expect that the price of the asset will fall at this time. Rather, it should reach $710.34 within the first six months of the year. Chainlink's price is expected to improve further to reach the $800 mark by the year-end.
Conclusion: What Could Chainlink Be Worth?
Chainlink price predictions are unmistakably positive for the rest of the decade but that doesn’t mean that LINK is a perfect investment. Any investor needs to also consider the potential downsides.
Regulation is of course a major potential issue Chainlink, and the entire crypto market could face in the next few years. So far, regulation has been very relaxed, but it remains a cloud over the crypto market until clear regulation is formed, and no one at this point is sure what it will look like.
Furthermore, we may see additional regulations being drawn up around DeFi protocols, which depending on how strict they could end up being, could have a massive impact on the price of Chainlink, which provides oracle services to many DeFi projects.
Elsewhere, it is also important to keep an eye on Chainlink’s rivals. There are many other smart contract platforms utilising oracles and providing oracle services. Chainlink must remain on top of this if it wishes to succeed.
What Will Happen To The Price Of Chainlink (LINK) In 2022?
Chainlink will continue to perform well in 2022 and will achieve an average of $25.60. Chainlink is not expected to crash in 2022, though it is predicted to hit lows of $10.70.
Will The Price Of Chainlink (LINK) Go Up In 2022?
Yes, despite lower volatility levels, in 2022 Chainlink will go up, though it won’t hit a new all-time high. Instead, Chainlink will hit a yearly high of $28.56 in 2022, as per our Chainlink price prediction.
What Will Happen To The Price Of Chainlink (LINK) In 2025?
In 2025, after an excellent performance in previous years, the price of Chainlink will surpass $300 for the first time and will not hit prices lower than $150 for the entire year. Our Chainlink price prediction tells us that LINK will be worth $266.22 on average in 2025.
Will The Price Of Chainlink (LINK) Go Up In 2025?
As per price predictions, the price of Chainlink will go up in 2025. At the very highest, Chainlink can hit an all-time high of $311.02.
Will Chainlink (LINK) Hit $100?
Yes, as per Chainlink Forecast, prices can hit the $100 mark in the long-term. We will first see LINK at $100 by 2024, but this is also the year that LINK is predicted to reach $150.
Will Chainlink (LINK) Reach $1,000?
Our Chainlink price prediction does not expect LINK to surpass $1,000 in the next eight years up to 2030. Most likely, LINK will reach this milestone between 2030 and 2040.
eToro – Top Cryptocurrency Platform To Buy Chainlink
eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.
Virtual currencies are highly volatile. Your capital is at risk.
Is Chainlink Legitimate?
Yes, Chainlink is legitimate and is in no way a scam. Chainlink has a flourishing online community and has been on the market for five years. Furthermore, it’s even made partnerships with Google and SWIFT.
How To Mine Chainlink?
It is impossible to mine Chainlink as it is not a proof-of-work cryptocurrency. In 2022, Chainlink will finally enable its staking services.
Can Chainlink Reach $10,000?
For the time being, no one is brave enough to suggest that Chainlink could reach $10,000 per coin — though this doesn’t mean it’s impossible (just too soon to predict). Most likely, $10k per LINK will happen after 2040.
Is Chainlink A Good Investment?
Chainlink is not just a good investment, it could be one of the top crypto investments of the next ten years. Since LINK began trading in 2017, it has made investors an ROI of 9,755.42% — amazing for just five years.
Will Chainlink Rise?
Chainlink will rise according to our Chainlink price prediction system which sees LINK achieving a new all-time high by 2023.
When Will Chainlink Take Off?
The price of Chainlink will take off in 2023 and hit several new records in the next several years, according to our Chainlink price prediction forecast. 2022 is expected to be a less volatile year following LINK’s impressive 2021 performance.
What Price Could Chainlink Reach?
If you are looking for a good return, Chainlink (LINK) can be an excellent investment. Our long-term Chainlink price forecast is $452.85 in five years (2027), an increase of 2,859.804%.
What Is Chainlink’s Price Prediction For The Next Bull Run?
For the next bull run, we expect Chainlink to peak at $218.31, according to our Chainlink price prediction. The next bull run is expected to take place in 2024 after the next Bitcoin halvening.
How High Will Chainlink Go?
The highest Chainlink price prediction is from Cryptocurrency Price Prediction, which says LINK will be worth $880.00 in December 2030.
Chainlink Price Prediction 2040
If we follow our Chainlink price prediction model, we can surmise that Chainlink is capable of reaching $2,000 by 2040.