Thursday, December 8, 2022
 

Chainlink (LINK) Price Prediction: Will LINK Price Hit $100 in 2022?

  • Bullish Chainlink (LINK) price prediction ranges from $9.558-$13.115.
  • Analysis suggests that LINK price might reach $100 soon.
  • ‌LINK’s bearish market price prediction for 2022 is $2.215.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Chainlink (LINK) is one of them.

Blockchain-agnostic businesses can now connect to blockchain networks with the help of Chainlink (LINK), a cryptocurrency and technology platform. Chainlink is a piece of middleware that facilitates the integration of data from sources other than the blockchain into smart contracts.

If you are interested in the future of LINK and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is Chainlink (LINK)?

Chainlink, which has been around since 2017, is an abstraction layer for blockchains that allows for globally interoperable smart contracts. Chainlink is a decentralized oracle network that enables blockchains to communicate securely with off-chain data feeds, events, and payment mechanisms, paving the way for sophisticated smart contracts to replace traditional forms of digital contracting.

Data producers, node operators, smart contract developers, researchers, security auditors, and others all contribute to the success of the Chainlink Network as part of an expansive open-source community. The company’s main concern is making sure that every node operator and every user who wants to contribute to the network may do so in a decentralized manner.

When it comes to integrating off-chain data into smart contracts, Chainlink is one of the first networks to do so. Chainlink is a key participant in the data processing industry because of its many reliable partnerships. Chainlink’s incorporation of off-chain data has piqued the interest of reputable services like Brave New Coin Alpha Vantage and Huobi. Data suppliers can monetize their data by selling access to Chainlink.

Chainlink is a decentralized network where users may become node operators and earn income by running the essential data infrastructure needed for blockchains to succeed. Chainlink leverages a distributed network of node operators to provide real-time, accurate pricing data for popular DeFi apps like Synthetix, Aave, Compound, and more.

Chainlink utilizes the proof-of-stake (PoS) consensus mechanism to ensure the integrity of its Ethereum-based ERC-20 token. Proof-of-stake (PoS) consensus, in contrast to Bitcoin’s proof-of-work (PoW) consensus, uses the quantity of staked tokens to determine which nodes are trusted. As a countermeasure to the enormous energy consumption of PoW systems, PoS protocols were developed. Due to their low energy consumption and scalability, PoS models are gaining in popularity.

Chainlink has established a secure position thanks to the growing demand for and high quality of its services. One of the most cutting-edge features of future versions of Chainlink will be off-chain networks constructed on top of the oracles. The purpose of off-chain networks is to offload the bulk of the smart contract platform’s complex processing tasks from the main chain.

Chainlink (LINK) Current Market Status

With 470,099,970 LINK in circulation, Chainlink (LINK) trades at $9.06 at the time of writing. LINK has a 24-hour trading volume of $757,559,852.52, and during the previous 24 hours, the price of LINK has increased by 7.22%.

At the moment, the most popular exchanges to trade CHAINLINK (LINK) are Binance, Houbi Global, Coinbase Pro, Gate.io, and Kraken.

Currently, LINK ranks 24th on CoinMarketCap’s list of cryptocurrencies by market capitalization. Will Chainlink’s most recent improvements, additions, and modifications help its price rise? Let’s focus on the charts in this article’s LINK price forecast first.

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

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of CHAINLINK (LINK) can be predicted using the Keltner Channel indications for LINK/USDT. It may go on an uptrend since the price has already broken out at the first half of the channel from the bottom. Even after establishing a new uptrend, it is often smart to wait for a downturn or a better entry point to improve the reward-to-risk ratio.  

Chainlink (LINK) Price Analysis – Relative Strength Index

LINK/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 72.40. A movement above 50 indicates that more traders are buying LINK rather than selling, and are driving the price up. 

Chainlink (LINK) Price Analysis – Moving Average

LINK/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)

Above is a daily chart of Chainlink (LINK)’s 200-day, 100-day, and 50-day Moving Averages (MAs). LINK is now running sideways. Notably, the LINK 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bullish. However, the distance between the two moving averages is wide. Because the 200-MA is above the 100-MA, we may conclude that the price is bullish for long-term investors.

Chainlink (LINK) Price Prediction 2022

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

By looking at the daily chart of LINK/USDT, LINK price was swinging from $9.558 to $5.262 after touching the support level of $5.5. Bouncing back from the support level, LINK is now going sideways in the market and slightly forming an uptrend channel to return bullish soon.

Meanwhile, our long-term LINK price prediction for 2022 is bullish since it cannot break the support level. Traders can expect LINK to reach $15 this year. 

Chainlink (LINK) Price – Resistance and Support Levels

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

This chart below shows that the price of LINK has decreased in the past few months. Moreover, the price of LINK is up by 3.53% in the past 24 hours after forming an uptrend channel. If this continues, LINK might keep running bulls, breaking its $13.115 resistance 1 level, and eventually moving higher to the $15.989.

If LINK cannot break the $13.115 resistance 1 level, the bears may seize control and dethrone LINK to a downtrend stance. In simple terms, the price of LINK might fall to almost $2.215, indicating a negative signal given by the previous support level.

Chainlink (LINK) Price Prediction 2023 

LINK will hit $20 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $15.989. The growth will thereafter moderate, but no significant drops are forecast. According to the forecast, Chainlink (LINK) has a strong chance of reaching the previous ATH.

Chainlink (LINK) Price Prediction 2024 

LINK price can rise to incredible heights, peaking at $38.023. This is only feasible if the market continues its upward path and if Chainlink (LINK) breaks through the past psychological resistance levels. According to the forecast, Chainlink (LINK) has a strong chance of reaching the previous ATH.

Chainlink (LINK) Price Prediction 2025

LINK prices might grow to $56.385 during the next three years. Furthermore, hitting this level may not be so challenging for Chainlink (LINK) because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, Chainlink (LINK) has a strong chance of reaching the previous ATH.

Chainlink (LINK) Price Prediction 2026

LINK prices might grow to $102 during the next four years. Furthermore, hitting this level may not be so challenging for Chainlink (LINK) because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, Chainlink (LINK) has a strong chance of reaching the previous ATH.

Chainlink (LINK) Price Prediction 2027

LINK prices might soar to $143 in the next five years. Furthermore, hitting this level may not be so challenging for  Chainlink (LINK) as other mediums, such as short-term and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast,  Chainlink (LINK) has a strong chance of reaching the previous ATH.

Chainlink (LINK) Price Prediction 2028

In the next six years, LINK prices could rise to $187. Additionally, reaching this level could not be so difficult for LINK as another medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, Chainlink (LINK) has a strong chance of reaching the previous ATH.

Chainlink (LINK) Price Prediction 2029

In the next seven years, LINK prices could rise to $237. More so, reaching this level could not be so difficult for Chainlink (LINK) as another medium, short-term, and long-term price targets could be found to purchase or sell orders. According to the forecast, LINK has a strong chance of reaching the previous ATH.

Chainlink (LINK) Price Prediction 2030

In the next eight years, LINK prices could rise to $300. More so, reaching this level could not be so difficult for Chainlink (LINK) as another medium, short-term, and long-term price targets could be found to purchase or sell orders. According to the forecast, LINK has a strong chance of reaching the previous ATH.

Conclusion

As said above, the price may even reach above $10 if investors have decided that Chainlink (LINK) is a good investment along with mainstream cryptocurrencies.   

FAQ

What is LINK?

Chainlink, which has been around since 2017, is an abstraction layer for blockchains that allows for globally interoperable smart contracts. Chainlink is a decentralized oracle network that enables blockchains to communicate securely with off-chain data feeds, events, and payment mechanisms, paving the way for sophisticated smart contracts to replace traditional forms of digital contracting.

How to buy LINK tokens?

Like other digital assets in the crypto world, LINK can be traded on many exchanges. Binance, OKX, FTX, DigiFinex, Gate.io, and Hotcoin Global are currently the most popular cryptocurrency exchanges for trading 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.

Can LINK reach $60 soon?

LINK Token (LINK) is one of the active cryptocurrencies that are still bullish. If this positive trend continues, LINK Token (LINK) will shortly reach $60.

Is LINK a good investment in 2022?

As one of the fastest-rising cryptocurrencies, LINK is expected to continue its rise. We may also conclude that LINK is an excellent cryptocurrency to invest in this year, given the recent partnerships that have enhanced its acceptance.

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.

Which year was LINK launched?

LINK was launched in 2017.

Who are the co-founders of LINK?

They are Sergey Nazarov and Steve Ellis

What is the maximum supply of LINK?

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

How do I store LINK?

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

What will be the LINK price in 2023?

LINK price is expected to reach $20 by 2023.

What will be the LINK price in 2024?

LINK price is expected to reach $38.023 by 2024.

What will be the LINK price in 2025?

LINK price is expected to reach $56.385 by 2025.

What will be the LINK price in 2026?

LINK price is expected to reach $102 by 2026.

What will be the link price in 2027

LINK price is expected to reach $143 by 2027.

What will be the LINK price in 2028?

LINK price is expected to reach $187 by 2028.

What will be the LINK price in 2029?

LINK price is expected to reach $243 by 2029.

What will be the LINK price in 2030?

LINK price is expected to reach $300 by 2030.

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. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

  • Bullish Chainlink (LINK) price prediction ranges from $9.558-$13.115.
  • Analysis suggests that LINK price might reach $100 soon.
  • ‌LINK’s bearish market price prediction for 2022 is $2.215.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Chainlink (LINK) is one of them.

Blockchain-agnostic businesses can now connect to blockchain networks with the help of Chainlink (LINK), a cryptocurrency and technology platform. Chainlink is a piece of middleware that facilitates the integration of data from sources other than the blockchain into smart contracts.

If you are interested in the future of LINK and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is Chainlink (LINK)?

Chainlink, which has been around since 2017, is an abstraction layer for blockchains that allows for globally interoperable smart contracts. Chainlink is a decentralized oracle network that enables blockchains to communicate securely with off-chain data feeds, events, and payment mechanisms, paving the way for sophisticated smart contracts to replace traditional forms of digital contracting.

Data producers, node operators, smart contract developers, researchers, security auditors, and others all contribute to the success of the Chainlink Network as part of an expansive open-source community. The company’s main concern is making sure that every node operator and every user who wants to contribute to the network may do so in a decentralized manner.

When it comes to integrating off-chain data into smart contracts, Chainlink is one of the first networks to do so. Chainlink is a key participant in the data processing industry because of its many reliable partnerships. Chainlink’s incorporation of off-chain data has piqued the interest of reputable services like Brave New Coin Alpha Vantage and Huobi. Data suppliers can monetize their data by selling access to Chainlink.

Chainlink is a decentralized network where users may become node operators and earn income by running the essential data infrastructure needed for blockchains to succeed. Chainlink leverages a distributed network of node operators to provide real-time, accurate pricing data for popular DeFi apps like Synthetix, Aave, Compound, and more.

Chainlink utilizes the proof-of-stake (PoS) consensus mechanism to ensure the integrity of its Ethereum-based ERC-20 token. Proof-of-stake (PoS) consensus, in contrast to Bitcoin’s proof-of-work (PoW) consensus, uses the quantity of staked tokens to determine which nodes are trusted. As a countermeasure to the enormous energy consumption of PoW systems, PoS protocols were developed. Due to their low energy consumption and scalability, PoS models are gaining in popularity.

Chainlink has established a secure position thanks to the growing demand for and high quality of its services. One of the most cutting-edge features of future versions of Chainlink will be off-chain networks constructed on top of the oracles. The purpose of off-chain networks is to offload the bulk of the smart contract platform’s complex processing tasks from the main chain.

Chainlink (LINK) Current Market Status

With 470,099,970 LINK in circulation, Chainlink (LINK) trades at $9.06 at the time of writing. LINK has a 24-hour trading volume of $757,559,852.52, and during the previous 24 hours, the price of LINK has increased by 7.22%.

At the moment, the most popular exchanges to trade CHAINLINK (LINK) are Binance, Houbi Global, Coinbase Pro, Gate.io, and Kraken.

Currently, LINK ranks 24th on CoinMarketCap’s list of cryptocurrencies by market capitalization. Will Chainlink’s most recent improvements, additions, and modifications help its price rise? Let’s focus on the charts in this article’s LINK price forecast first.

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

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of CHAINLINK (LINK) can be predicted using the Keltner Channel indications for LINK/USDT. It may go on an uptrend since the price has already broken out at the first half of the channel from the bottom. Even after establishing a new uptrend, it is often smart to wait for a downturn or a better entry point to improve the reward-to-risk ratio.  

Chainlink (LINK) Price Analysis – Relative Strength Index

LINK/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 72.40. A movement above 50 indicates that more traders are buying LINK rather than selling, and are driving the price up. 

Chainlink (LINK) Price Analysis – Moving Average

LINK/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)

Above is a daily chart of Chainlink (LINK)’s 200-day, 100-day, and 50-day Moving Averages (MAs). LINK is now running sideways. Notably, the LINK 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bullish. However, the distance between the two moving averages is wide. Because the 200-MA is above the 100-MA, we may conclude that the price is bullish for long-term investors.

Chainlink (LINK) Price Prediction 2022

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

By looking at the daily chart of LINK/USDT, LINK price was swinging from $9.558 to $5.262 after touching the support level of $5.5. Bouncing back from the support level, LINK is now going sideways in the market and slightly forming an uptrend channel to return bullish soon.

Meanwhile, our long-term LINK price prediction for 2022 is bullish since it cannot break the support level. Traders can expect LINK to reach $15 this year. 

Chainlink (LINK) Price – Resistance and Support Levels

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

This chart below shows that the price of LINK has decreased in the past few months. Moreover, the price of LINK is up by 3.53% in the past 24 hours after forming an uptrend channel. If this continues, LINK might keep running bulls, breaking its $13.115 resistance 1 level, and eventually moving higher to the $15.989.

If LINK cannot break the $13.115 resistance 1 level, the bears may seize control and dethrone LINK to a downtrend stance. In simple terms, the price of LINK might fall to almost $2.215, indicating a negative signal given by the previous support level.

Chainlink (LINK) Price Prediction 2023 

LINK will hit $20 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $15.989. The growth will thereafter moderate, but no significant drops are forecast. According to the forecast, Chainlink (LINK) has a strong chance of reaching the previous ATH.

Chainlink (LINK) Price Prediction 2024 

LINK price can rise to incredible heights, peaking at $38.023. This is only feasible if the market continues its upward path and if Chainlink (LINK) breaks through the past psychological resistance levels. According to the forecast, Chainlink (LINK) has a strong chance of reaching the previous ATH.

Chainlink (LINK) Price Prediction 2025

LINK prices might grow to $56.385 during the next three years. Furthermore, hitting this level may not be so challenging for Chainlink (LINK) because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, Chainlink (LINK) has a strong chance of reaching the previous ATH.

Chainlink (LINK) Price Prediction 2026

LINK prices might grow to $102 during the next four years. Furthermore, hitting this level may not be so challenging for Chainlink (LINK) because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, Chainlink (LINK) has a strong chance of reaching the previous ATH.

Chainlink (LINK) Price Prediction 2027

LINK prices might soar to $143 in the next five years. Furthermore, hitting this level may not be so challenging for  Chainlink (LINK) as other mediums, such as short-term and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast,  Chainlink (LINK) has a strong chance of reaching the previous ATH.

Chainlink (LINK) Price Prediction 2028

In the next six years, LINK prices could rise to $187. Additionally, reaching this level could not be so difficult for LINK as another medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, Chainlink (LINK) has a strong chance of reaching the previous ATH.

Chainlink (LINK) Price Prediction 2029

In the next seven years, LINK prices could rise to $237. More so, reaching this level could not be so difficult for Chainlink (LINK) as another medium, short-term, and long-term price targets could be found to purchase or sell orders. According to the forecast, LINK has a strong chance of reaching the previous ATH.

Chainlink (LINK) Price Prediction 2030

In the next eight years, LINK prices could rise to $300. More so, reaching this level could not be so difficult for Chainlink (LINK) as another medium, short-term, and long-term price targets could be found to purchase or sell orders. According to the forecast, LINK has a strong chance of reaching the previous ATH.

Conclusion

As said above, the price may even reach above $10 if investors have decided that Chainlink (LINK) is a good investment along with mainstream cryptocurrencies.   

FAQ

What is LINK?

Chainlink, which has been around since 2017, is an abstraction layer for blockchains that allows for globally interoperable smart contracts. Chainlink is a decentralized oracle network that enables blockchains to communicate securely with off-chain data feeds, events, and payment mechanisms, paving the way for sophisticated smart contracts to replace traditional forms of digital contracting.

How to buy LINK tokens?

Like other digital assets in the crypto world, LINK can be traded on many exchanges. Binance, OKX, FTX, DigiFinex, Gate.io, and Hotcoin Global are currently the most popular cryptocurrency exchanges for trading 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.

Can LINK reach $60 soon?

LINK Token (LINK) is one of the active cryptocurrencies that are still bullish. If this positive trend continues, LINK Token (LINK) will shortly reach $60.

Is LINK a good investment in 2022?

As one of the fastest-rising cryptocurrencies, LINK is expected to continue its rise. We may also conclude that LINK is an excellent cryptocurrency to invest in this year, given the recent partnerships that have enhanced its acceptance.

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.

Which year was LINK launched?

LINK was launched in 2017.

Who are the co-founders of LINK?

They are Sergey Nazarov and Steve Ellis

What is the maximum supply of LINK?

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

How do I store LINK?

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

What will be the LINK price in 2023?

LINK price is expected to reach $20 by 2023.

What will be the LINK price in 2024?

LINK price is expected to reach $38.023 by 2024.

What will be the LINK price in 2025?

LINK price is expected to reach $56.385 by 2025.

What will be the LINK price in 2026?

LINK price is expected to reach $102 by 2026.

What will be the link price in 2027

LINK price is expected to reach $143 by 2027.

What will be the LINK price in 2028?

LINK price is expected to reach $187 by 2028.

What will be the LINK price in 2029?

LINK price is expected to reach $243 by 2029.

What will be the LINK price in 2030?

LINK price is expected to reach $300 by 2030.

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. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

 

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