www.banklesstimes.com
HomeCryptocurrency HubChainlinkChainlink Price Prediction

Chainlink Price Prediction

Last updated 26th Sep 2022
Disclosure

Chainlink is a decentralized blockchain oracle network built on Ethereum. The project aims to facilitate the transfer of tamper-proof data off-chain to on-chain smart contracts. The coin has reached an all-time high of $52.20 during the 2021 bull run, which leaves us to believe Chainlink can reach $11.43 to $15.23 in 2022.

Recently, Chainlink has been in the news for being the most traded token among Ethereum whales. Also, the team plans to release staking for LINK holders in 2022. Therefore, we’ve created this price prediction page since the coin can potentially explode in the upcoming years.

Chainlink Price Analysis This Week

Chainlink is often in the news cycle for announcing new partnerships and various upgrades to its platform. Below you’ll find some great blogs regarding Chainlink.

Latest Chainlink Price Predictions by Experts

Chainlink is often praised in the crypto community for its technology and the benefits it will provide for Web 3.0. Here are some price predictions by expert investors:

  • CoinPriceForecasts suggests Chainlink could trade at $54.20 by 2025 and $127.39 by 2033.

  • Gov Capital predicts Chainlink will have both short-term and long-term rallies. They believe LINK will trade around $245.14 in 5 years.

  • Trading Beasts forecasted LINK will reach $23.69 by the end of 2022 and $28.22 by 2024.

  • Wallet Investor has bullish projects and predicts Chainlink will trade at $30.79 by the end of 2022.

Chainlink Price Drop Prediction

Chainlink has dropped more than 80% of its value since the 2021 bull run. If the same trends continue, we could see prices fall sub $10 if key resistance levels don’t hold. However, due to the coin having strong fundamentals, most likely, we will see prices ranging between $11.43 to $15.23 for 2022.

Long-Term Chainlink Forecast

The LINK forecast is amazing for long-term holders as the coin is predicted to gain significant value. This is because the Chainlink network will be utilized more and receive vital upgrades. Take a look at our predictions for the long-term future of Chainlink.

YearLowHigh
2022$11.43$33.72
2025$63.67$76.60
2030$110.43$120.89
2035$143.21$152.98
2040$180.44$196.21
2045$250.51$265.86
2050$327.84$353.05

Monthly Chainlink Price Forecast for 2022/2023

The monthly Chainlink forecast is somewhat uneventful during the first two quarters as the price is stable. However, towards the end of the year, we believe LINK will pump over the $30 mark.

USD/ETH
MonthLowHigh
January$20.31$22.44
February$13.55$15.32
March$13.88$14.12
April$14.01$14.22
May$14.14$14.34
June$15.74$16.08
July$16.22$16.43
August$16.59$17.74
September$18.03$19.41
October$20.72$21.99
November$23.48$25.26
December$29.51$33.72

What Impacts Chainlink Price?

Numerous factors can impact the value of Chainlink. Below are the top reasons why Chainlink price movements occur.

News:

  • Crypto developments or world news can influence prices heavily as more investors buy or sell. For example, often, you’ll hear news about SEC attempting to implement a new crypto law that makes most coins freefall in price. On the other hand, countries utilizing cryptocurrency in their economy are bullish news, which tends to increase coin prices.

Marketing:

  • Advertising plays a huge part in the development of a cryptocurrency. More eyes on a project mean more investors will purchase coins and increase the price. A great example is Crypto.com which spends billions on advertising to a mass audience.

Project Milestones:

  • Most crypto teams lay out a detailed roadmap that investors can read to learn what to expect from the project. Some project milestones are significant for the coin and can increase the price significantly.

Market Performance:

  • Perhaps the most important factor is how the market is performing. If overall trends are bearish, we can expect prices to fall and stabilize. However, bullish indicators are great news as LINK often reaches new all-time highs during bull runs.

Upcoming Chainlink Events

Chainlink will launch a staking interface in 2022, allowing LINK holders to secure the network by locking some of their tokens while earning rewards. Chainlink has been working on a staking solution for years, and its April 2021 white paper showcased how the system would work. The team says they are finally satisfied with the scalability and security of the staking program. However, the Chainlink team hasn’t announced the launch date of staking this year.

Chainlink Historical Price Changes

Chainlink has always performed well during bulls runs, which we can conclude by looking at historical data. Below we can see how well LINK has performed since its creation.

YearHighLowClose
2017$0.64$0.14$0.61
2018$1.45$0.17$0.29
2019$3.80$0.29$1.87
2020$19.11$1.79$12.22
2021$51.85$11.25$23.07
2022$28.48$11.83N/A

Chainlink Price Prediction Chart

Chainlink Vs Ethereum Price Prediction

Chainlink and Ethereum have entirely different goals in the crypto space. Chainlink uses an oracle network to transfer tamper-proof data, while Ethereum is a smart contract coin. However, LINK is built on the ETH blockchain and usually follows the coin’s performance. Although relying on Ethereum, both tokens have performed outstandingly during bull runs.

Ethereum will certainly have a higher market cap than Chainlink since it supports thousands of dApps and has more utility. However, ETH has gained tremendous value over the years, so LINK has more potential for growth.

Live Price Chart of Chainlink: USD

Chainlink Price Prediction FAQs

What will Chainlink be worth in 2022?
Will Chainlink’s price go up / go down?
How high can Chainlink’s prices go in 2022?
Can Chainlink reach $1,000?
Who owns the most Chainlink?
Is Chainlink a good investment?
Is Chainlink a safe investment?
Will Chainlink overtake Bitcoin?
Should I buy Chainlink now?
What are the best resources for Chainlink price prediction?
What is Chainlink?

Chainlink is available on almost all crypto brokers due to its popularity in the crypto community. Below are our top picks for the best cryptocurrency exchanges to purchase Chainlink.

1
eToro
Minimum Deposit
$10
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

Other Cryptocurrency Price Predictions

Chainlink is one of many cryptocurrencies to track. Check out a few other cryptocurrencies to compare before making your investment decision:

Dominikas Pupkevicius

Dominikas is a content and research writer with over 6 years of experience. He is passionate about blockchain technology and believes cryptocurrency is the future of humanity. Dominikas lives in the countryside with his 3 dogs and enjoys long walks.