Chainlink (LINK) Price Prediction 2023-2030: Will LINK Price Hit $20 Soon?

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Chainlink-(LINK)-Price-Prediction-2022
  • Bullish LINK price prediction ranges from $23.567 to $24.909.
  • LINK price might also reach $30 this 2023.
  • LINK’s bearish market price prediction for 2023 is $4.430.

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 2023, 2024, 2025, 2026, 2027, and 2050, read this Coin Edition price prediction article.

🪙 Name Chainlink
💱 Symbol link
🏅 Rank #13
💲 Price $16.04
📊 Price Change (1h) 1.06852 %
📊 Price Change (24h) 1.68191 %
📊 Price Change (7d) 9.99111 %
💵 Market Cap $8955241170
📈 All Time High $52.7
📉 All Time Low $0.148183
💸 Circulating Supply 556849971.231 link
💰 Total Supply 1000000000 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.

At the time of writing, LINK is now trading at $10.80 with a total market capitalization of $6,069,528,652. LINK sits in 12 places on CoinMarketCap in terms of market capitalization. Moreover, there has been a price fall of 1.53% in the past 24 hours. LINK’s 24-hour trading volume is $787,595,953 with a fall of 34.30%. LINK can be traded on major cryptocurrency exchanges such as Binance, Coinbase KuCoin, Kraken, Bitfinex, and Uniswap.

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 2023 price analysis.

The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean. 

LINK/USDT 1-Day Chart Showing Bollinger Bands (Source: TradingView)

The candlesticks are currently trading above the upper band, signaling an overbought sentiment. Additionally, the bands have expanded which further highlights the existence of high volatility in the market. The major three-day candlesticks pushed LINK beyond the upper band and caused the bands to stretch exponentially. Despite the major bullish spike, traders may be expecting a fallback, which could pull the candlesticks back within the Bollinger Bands area.

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.

LINK/USDT 1-Day Chart Showing RSI (Source: TradingView)

Similar to the Bollinger Bands, the RSI bands and the RSI indicator also highlight that LINK’s trading activities were highly influenced by the huge number of buyers in the market. The RSI made a bullish cross and continued to distance itself away from the SMA. During this momentum, the RSI reached the overbought region. However, the overbought region is also seen as a danger zone for a few traders as they may be expecting a fall to happen as part of the price correction process. 

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role as it can confirm the trends and identify potential reversals.

LINK/USDT 1-Day Chart Showing MACD (Source: TradingView)

The MACD further points out the bullish trend of LINK, thus, confirming the theories made by the other indicators. Moreover, the MACD continues to shoot upwards without any stop as it desperately tries to stay away from the signal line. Should the MACD line face a tiny bump during its momentum, it could risk LINK’s bullish run. Ultimately, the MACD, along with other indicators claims that the bullish run would still happen for some time.

YearMinimum PriceAverage PriceMaximum Price
2023$5.09$8.74$10.08
2024$13.79$17.44$26.10
2025$19.40$25.12$29.57
2026$20.85$24.79$30.37
2027$29.39$32.14$39.68
2028$34.81$38.74$45.88
2029$41.87$46.24$50.69
2030$39.93$45.81$52.43
2040$100.81$103.66$106.17
2050$157.33$159.24$161.09
LINK/USDT 1-Day Chart (Source: TradingView)

The candlesticks have recently crossed the $10 mark and have even reached the $11 resistance. However, the slight fall it witnessed pushed it below the $11 level. Despite the slight fall, one of the highly anticipated expectations by traders is that LINK may cross above $11.436, thus, finally, recovering from the fall it observed last time. The surge LINK experienced also made the altcoin cross above several resistance levels. 

Another hypothesis traders may be expecting is that LINk could also witness a fall which could pull it back to its current support at $8.783 or even lower than that. However, if the trend continues to exist in the market, then there is a potential for LINK to reach and break beyond new resistance levels.

Meanwhile, the price prediction of LINK for 2023 remains to be bullish and is expected to reach beyond the level of $23. The bearish price prediction range for LINK is between $4.430 to $5.094. However, if LINK experiences an extremely bullish sentiment, then it would cross the $30 threshold.

Bullish Price PredictionBearish Price Prediction
$23.567 – $24.909$4.430 – $5.094
LINK/USDT 1-Day Chart (Source: TradingView)

The candlesticks have finally moved away from the support line and seem to be recovering from their previous fall. Moreover, the candlesticks are moving upwards and the next target could be the resistance level above the $16 mark. Before LINK tries to move upwards it needs to make significant price actions at its current level to make it act as a support for its further positive sentiment. The candlesticks could continue to move upwards and further break through several resistance levels finally reaching new price levels that the altcoin has never traversed through before. 

Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. LINK could also be affected by Bitcoin halving and could trade beyond the price of $26 by the end of 2024.

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 would trade beyond the $29 level.

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, LINK could tumble into its support region of $1.1. 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 $30 resistance level after experiencing the price correction.

Naturally, traders expect a 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 $39 by the end of 2027.

Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, LINK will continue to form new higher highs and is expected to move in an upward trajectory. Hence, LINK would be trading at $45 after experiencing a massive surge by the end of 2028.

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would 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 $50 by the end of 2029.

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 $52.

The long-term forecast for LINK indicates that this altcoin could reach a new 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 $106 by 2040.

Minimum PriceAverage PriceMaximum Price
$100.81$103.66$106.17

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.

Minimum PriceAverage PriceMaximum Price
$157.33$159.24$161.09

Conclusion

To summarize, if investors continue to show interest in LINK and add these tokens to their portfolio, then, it could continue to rise up. LINK’s bullish price prediction shows that it could pass beyond the $23.567 level in 2023. Moreover, LINK could surpass the $160 level by the end of 2050. 

FAQ

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.

How do you buy LINK tokens?

LINK can be traded on many exchanges like other digital assets in the crypto world. Binance, Coinbase KuCoin, Kraken, OKX, and Uniswap are currently the popular exchanges for trading LINK.

Is LINK a good investment?

Chainlink’s feature could increase the demand for LINK, the native token of the network. Moreover, users and developers are always on the lookout for new innovative blockchain technology which could drive LINK’s price upwards.

What is LINK’s All-Time High?

LINK achieved its all-time high of $52.88 in 2021.

Will LINK reach $100 soon?

If investors continue to add LINK into their portfolio, then, LINK has the potential to trade beyond the level of $100 in 2040.

What is the maximum supply of LINK?

The maximum supply of LINK is 1,000,000,000 LINK

Will LINK surpass its current ATH?

Since LINK provides investors with several opportunities to profit from their crypto holdings, LINK seems to be a really good investment in 2022. However, LINK has an average possibility of surpassing its current ATH in 2023.

What is the lowest price of LINK?

The lowest price LINK had is $$0.1263, which was attained on September 23, 2017, according to CoinMarketCap.

Who is the founder of LINK?

Reportedly, Sergey Nazarov and Steve Ellis created Chainlink in 2017.

Which year was LINK launched?

LINK was launched in 2017.

How do I store LINK?

LINK can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the price of LINK in 2023?

LINK is expected to reach $23.567 in 2023.

What will be the price of LINK in 2024?

LINK is expected to reach $26 in 2024.

What will be the price of LINK in 2025?

LINK is expected to reach $29 in 2025.

What will be the price of LINK in 2026?

LINK is expected to reach $30 in 2026.

What will be the price of LINK in 2027?

LINK is expected to reach $39 in 2027.

What will be the price of LINK in 2028?

LINK is expected to reach $45 in 2028.

What will be the price of LINK in 2029?

LINK is expected to reach $50 in 2029.

What will be the price of LINK in 2030?

LINK is expected to reach $52 in 2030.

What will be the price of LINK in 2040?

LINK is expected to reach $106 in 2040.

What will be the price of LINK in 2050?

LINK is expected to reach $161 in 2050.

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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