Chainlink (LINK) Price Prediction 2024-2030: Will LINK Price Hit $50 Soon?

• The bullish LINK price prediction ranges from $33.46 to $36.09.
• Analysis suggests that the LINK price might also reach $53 in 2024.
• LINK’s bearish market price prediction for 2024 is $13.

Smart contracts have become an important concept in laying down the foundation of blockchain and decentralization. Smart contracts also paved the way for a new world where there were no interference from the intermediary parties. However, there were still challenges faced as the entry into this new world was complex.

Among the various projects, Chainlink was one such decentralized network that in providing real-time data to smart contracts in the blockchain, thus, making entry into this world easy. LINK, Chainlink’s native token, plays an important role in powering up the ecosystem.

Naturally, potential investors and individuals would be curious about LINK’s price performance over the years. If you are interested to learn about LINK’s price analysis and forecast for the years 2024, 2025, 2026, 2027, and 2050, read this Coin Edition price prediction article.

Chainlink (LINK) Real Time Market Status

What Is Chainlink (LINK)?

Chainlink claims to be an industry standard that is utilized for building, assessing, and selling oracles required to power various hybrid smart contracts. The Chainlink Oracle network enables smart contracts to easily connect with various external APIs and utilize secure off-chain computations. Chainlink, claimed by them, acts as a “universal gateway” by offering global enterprises and leading data providers access to all blockchains.

Chainlink’s native token, LINK, helps in empowering the ecosystem. Moreover. LINK is a utility token utilized for various purposes such as incentivizing data accuracy, ensuring contracts are stable, rewarding nodes for their validations operations, and making payments in the network.  Apart from being an ERC-20 token, LINK also has an extra ERC-223 function which enables interactions with smart contracts.

Chainlink’s decentralized oracle solution made the project famous and is used across sectors such as DeFi, insurance, gaming, NFTs, and more. Moreover, as Chainlink Network has grown it has offered many oracle functions: Chainlink Price Feeds, Chainlink VRF, Chainlink Proof of Reserve, and Chainlink External Adapters. Even though Chainlink offered a wide array of services, it claims to dive further into decentralized oracle networks through the introduction of Chainlink 2.0.

The Chainlink 2.0 whitepaper explains that the Chainlink Decentralized Oracle Networks could create a decentralized meta-layer that could enhance “smart contracts with highly scalable, confidential, and secure forms of off-chain computation.” Furthermore, Chainlink expresses that it could enable smart contracts to take the next major leap of evolution.

Chainlink (LINK) Price Analysis

Will LINK’s most recent improvements, additions, and modifications help its price rise? Moreover, would the changes in the blockchain industry affect LINK’s sentiment over time? Read more to find out about LINK’s 2024 price analysis.

Chainlink (LINK) Price Analysis – Bollinger Bands

Looking at the Bollinger bands, the candlesticks have hit the upper band several times. However, despite hitting the upper band, the candlesticks began to trade sideways for some time before climbing up once again. The sudden upward momentum of the candlesticks caused the bands to expand, indicating that the market is volatile.

Chainlink (LINK) Price Analysis – Relative Strength Index(RSI)

The RSI is currently valued at 59.20 after facing a fall from the strong trend region. The recent downfall RSI faced was due to the indicator hitting the overbought region after the 70 value barrier. Although the indicator is above the SMA, there are signs that it might make a bearish cross, signaling that the altcoin may fall. However, if the RSI recovers, then, the altcoin could experience a surge. 

Chainlink (LINK) Price Analysis – Moving Average Convergence Divergence

The candlesticks are currently above the 50 SMA and the 200 SMA, indicating that the market is bullish. Furthermore, there is a huge distance between the candlesticks and the 200 SMA, signaling that the long term market could be bullish. The bullish market began after a bullish cross was formed on the market. Moreover, the 50 SMA seems to be acting as a support.

Chainlink (LINK) Price Prediction 2024

LINK’s uptrend began after investors were optimistic about the altcoin. After making a spike in the market, the candlesticks showcased a bullish performance, continuously breaking above several psychological resistance levels. If LINK continues to move in a slanting upward direction, the altcoin would easily break beyond 24.066. Crossing this resistance level could signify that LINK may aim to break beyond its previous All-Time high. As the crypto market showcases incredible performance, LINK could easily cross beyond its all-time high this year.

Anticipating a bullish signal, LINK is estimated to trade near the $33.46 and $36.09 levels. If the altcoin market continues to showcase greedy sentiment, LINK could break beyond $53. This may only happen if investors support the altcoin’s rally over the coming months. In the event of a downfall, LINK may fall to $13.140; however, if it fails to hold on to this support, then it could fall near $6.43 in critical support. 

Chainlink (LINK) Price Prediction – Resistance and Support Levels

Looking at the above chart, the candlesticks hit the first critical support level before breaking above the first psychological resistance levels. Moreover, the candlesticks seem to be moving forward and aim to break the second support. For 2024, it is expected that LINK might break above the last resistance level as it attempts to create a new all-time high. 

Chainlink (LINK) Price Prediction 2025

LINK could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, LINK will continue to rise in 2025, forming new resistance levels. It is expected that LINK will trade beyond the $61 level.

Chainlink (LINK) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, LINK could tumble into its support region of $54. Moreover, when LINK remains in the oversold region, there could be a price correction soon. LINK, by the end of 2026, could be trading beyond the $73 resistance level after experiencing the price correction.

Chainlink (LINK) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. LINK is expected to rise after its slumber in the bear season. Moreover, LINK could even break more resistance levels as it continues to recover from the bearish run. Therefore, LINK is expected to trade at $82 by the end of 2027.

Chainlink (LINK) Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, LINK will continue to form new higher highs and is expected to move on an upward trajectory. Hence, LINK would be trading at $92 after experiencing a massive surge by the end of 2028.

Chainlink (LINK) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, LINK could be trading at $99 by the end of 2029.

Chainlink (LINK) Price Prediction 2030

After witnessing a bullish run in the market, LINK and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, LINK could be trading at $103.

Chainlink (LINK) Price Prediction 2040

The long-term forecast for LINK indicates that this altcoin could reach an all-time high (ATH). This would be one of the key moments, as HODLERS may expect to sell some of their tokens at the ATH point. However, LINK may face a slight fall before starting its upward journey once again. It is expected that the price of LINK could reach $123.17 by 2040.

Chainlink (LINK) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, LINK could surpass the resistance level of $161.

Conclusion

To summarize, if investors continue to show interest in LINK and add these tokens to their portfolio, then, it could continue to rise. LINK’s bullish price prediction shows that it could pass beyond the $23.567 level in 2024. Moreover, LINK could surpass the $161.09 level by the end of 2050. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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