The opinion of respected crypto experts and technical-based analysis combined predict that the crypto asset of LINK has the potential to reach anywhere between $75 to over $1,000 between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy Chainlink.
“It’s money 2.0, a huge, huge, huge deal.”– Chamath Palihapitiya, venture capitalist
News about Chainlink
- Chainlink launches data oracles on Arbitrum One’s Ethereum scaling solution
- Institutions can now more easily access Aave (AAVE) and Chainlink (LINK)
Predicting the price of Chainlink or any other cryptocurrencies with 100% accuracy is impossible. If you’re reading this, you’re probably tired of generic crypto price predictions that fail to materialize.
However, by using a range of insightful factors, it’s possible to gain the upper hand when predicting the future price. We intend to share all of these factors with you and providing a Chainlink price prediction for 2021 to 2025, that aims to be as accurate as we can make it.
When investing in crypto, it’s vital to diversity your portfolio and not put all of your eggs in one basket. If you’re investing in Bitcoin, it’s a good idea to invest in others too. Blockchain technology like Ethereum could be a good choice, but other alternatives like Chainlink that aims to bridge the gap between blockchain technology-based smart contracts and real-world applications could be even better.
“To make our world a better place, we need to build products that the corrupt cannot abuse – Bitcoin is the best example of that.”― Olawale Daniel
Chainlink technology has been labeled as revolutionary due to a range of features. For those who bought in early, Chainlink returned seriously big gains for those investors who were patient enough and rode the wave. This was spurred on by a significant push to buy this innovative blockchain technology.
For example, statistics from the leading trading platform of eToro tell us that sales of Chainlink have skyrocketed in the past few months. But what does the future hold for early investors of this digital asset? Our Chainlink price prediction for 2021 – 2025 aims to give you an answer by looking at the following:
- New investors
- the latest legislation
- prediction strategies
- expert analysis
Through these four aspects, our Chainlink price prediction utilizes a wide range of critical factors to bring you the most accurate cryptocurrency market price prediction possible. First off, let’s explore just what Chainlink is a little further.
What is Chainlink?
From decentralization to incredible levels of security, the Blockchain is known for a number of advantages. But that’s not to say it’s without its limitations. For example, the Blockchain is largely closed off from most of the world. This results in great security aspects but places a limit on the input data they can accept. This is where Chainlink comes in.
Chainlink was launched in 2019 as a decentralized oracle network. Chainlink aims to provide input on a variety of external sources of data. Off the Blockchain, there are many things that can influence markets such as fiat currencies and even tweets. So Chainlink exists to act almost like a bridge that can help the Blockchain see what is happening in the outside world.
In order to finance the Chainlink project, In 2017 the Chainlink team launched their own native token known simply as LINK. Early investors who bought the coin at the launch price of just under 20 cents made a profitable investment as the price rose to an all-time high of $36 per coin in early 2021. Many expect Chainlink to repeat its previous average price surges again.
Pros and cons of Chainlink
Like any cryptocurrency, Chainlink has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of Chainlink.
|✔️ Has successfully secured partnerships with major companies like SWIFT and Google Cloud.||❌ Systems can work with a single oracle, potentially allowing for data manipulation.|
|✔️ Allows secure interaction between smart contracts and off-chain data.|
|✔️ Chainlink has the potential to enable smart contracts that equal current financial agreements|
Before we get into the price prediction of LINK tokens, next we’ll cover some frequently asked questions about Chainlink to give you a better understanding of this digital asset and its price potential.
What is Chainlink used for?
Just like conventional fiat currency, Chainlink oracles are used for buying, selling, and a wide range of transactions. However, unlike fiat currency, Chainlink can be used as a means of accepting payments and facilitating commerce that is out of the reach of central governments or banking systems. In addition, it provides a great store of wealth that is highly difficult to confiscate.
How does Chainlink gain value?
Like all cryptocurrencies, the value of Chainlink is largely driven by speculation in its current state. As more people discover the wide range of its uses, its value grows. Due to its numerous advantages over fiat currency and precious metals, Chainlink support is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value of Chainlink will likely grow in sync.
Can Chainlink reach $1,000?
Since its initial development, Chainlink has grown to manage millions of transactions a month, demonstrating the ability to scale as a digital asset. In comparison to Bitcoin, Chainlink can process transactions far quicker. This has led many to ask whether this digital can ever reach $1,000.
Whilst Chainlink can provide some serious gains for savvy investors who buy at the right time, it is unlikely to reach $1,000 per coin. However, whilst it’s highly unlikely to reach $1,000, this altcoin most certainly can reach $100 per coin sometime in the near future
Where do people buy, sell, and trade Chainlink?
You can buy, sell, and trade Chainlink from various crypto trading platforms. If you are a new investor, then we suggest using eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
Chainlink Price History
The crypto market welcomed Chainlink’s first LINK tokens in 2017. At the time, their price was just over $0.1 and the market cap was low. For the next two years, the price of LINK stagnated at less than $1. It was only in the middle of 2019 that the price began to rise.
The price began to rise in a bullish momentum between $1 to $4 per token in 2019 and would later surge to over $14 in 2020. In February of 2021, the coin reached an all-time of almost $37. Such a price history tells us that Chainlink serves two positive purposes for investors. The first is a method of paying for smart contracts on the Chainlink network and the second is to hold onto it as a digital asset that will likely increase in price as a potentially good investment.
The current Chainlink price could provide a great deal that allows investors to get in at a low entry barrier. But what do the experts say? Will the inherent capability of Chainlink make it a good investment or will it be a tough road ahead?
Expert analysis of the Chainlink price potential
One of the best tools we can use to try and determine the potential future price of LINK is to analyze the opinions of various crypto experts. Let’s delve into four estimated growth outlooks for various industry experts and analysts.
Coinpedia is very bullish on the virtual currency of LINK and believes there is a positive trend ahead. It believes that this digital asset has the potential to hit $100 by the end of 2021 and skyrocket to $1,000 by 2025. Both numbers, particularly the $1,000 mark, are bold claims. But this Chainlink price prediction is based upon future major investors and its unique ability to expand smart contracts, allowing data accessibility for events, transactions, and going in the same trend.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. They are slightly bearish on Chainlink, however. WalletInvestor predicts that the price of LINK could rise to $57.02 by the end of 2021, and $199.46 sometime within the next five years.
DigitalCoinPrice has another bearish outlook for Chainlink, albeit slightly more so than WalletInvestor. DigitalCoinPrice predicts Chainlink to reach $38.12 by the end of 2021, $54.92 by the end of 2023, and finally, a figure of $75.46 in 2025.
Another bearish expert analysis on Chainlink is LongForecast. They predict a high of $41.80 for LINK in 2021. In the following three years, they expect the price of LINK to rise to $53.70.
So from $75 to $1,000 by 2025 the overall expert analysis ranges from extremely bullish to moderately bearish. But what does the technical analysis tell us about the Chainlink price potential?
Technical analysis of the Chainlink price potential
Now we move onto technical analysis to try and predict the future price of Chainlink. This section will utilize powerful tools like the Japanese candlestick, chart patterns, real-world data providers, and trading indicators. As well as giving traders the upper hand in day trading, such a case can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
Chainlink Price Prediction 2021 – 2022
Since the beginning of 2021, the price of LINK skyrocketed by 130% from $11.24 to $25.84. It’s predicted that the LINK price will rise by 55% in the second half of 2021 and it’s then expected to close the year at $40.11, which is a year to year change of +257%
Chainlink Price Prediction 2022 – 2023
It’s predicted that the LINK price will rise to $52.14 per coin In the first half of 2022, it’s then expected to close the year at $52.42, which is a +103% gain on the current price.
Chainlink Price Prediction 2023 – 2024
After starting 2023 at $52.42, LINK is expected to rise to $56.13 halfway through the year before ending at $64.55 at an overall annual increase of 149% from the current price.
Chainlink Price Prediction 2024 – 2025
After starting 2024 at $64.55, Chainlink is expected to rise to $72.85 halfway through the year. The second half of 2024 is expected to be slower and see the price of Chainlink end the year at a slightly lower price of $66.23. That’s an overall annual increase of 156% on the current price
What’s the bottom line of the Chainlink price potential?
Whilst the expert analysis on the future price of Chainlink is largely bearish, the Chainlink technical analysis has shown us that this innovative digital asset has the potential to see returns over 150% to smart investors. Paired with a positive market capitalization, Chainlink could certainly be a worthy asset for any crypto portfolio for a number of reasons.
Unlike many other cryptocurrencies, Chainlink stands out due to its lack of dependency on the price and trend of BTC. For example, LINK was largely unaffected by the swaying BTC price in 2018-2020 and only saw its growth slowed by the sudden economic crash witnessed worldwide in March. But when it began to recover, this lack of connection to the price of Bitcoin was once again evident.
Overall, Chainlink’s rapidly growing popularity, accessibility on numerous markets, smart contracts ability, and strong upward trend make for a potentially bright future for this altcoin. For investors who get in early enough, this asset has the potential for significant returns on investments whether it’s in the long term or the short term. But where do you buy Chainlink?
Where to buy Chainlink?
You can buy and sell Chainlink on eToro alongside 18 other currencies. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on LINK tokens on the crypto market. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
“Any centralized currency will be replaced by decentralized currency.”― Gun Gun Febrianza
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. Chainlink is smaller and younger than many other of the top cryptocurrencies, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. A profitable investment-based outlook does not mean Chainlink is not guaranteed to be a worthy investment. The trading of Chainlink and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Market sentiments, relative strength index, and various other unforeseen circumstances can have an adverse effect on digital assets like LINK and other competitor coins. Trading may not be suitable for all people and a bullish trend is just as likely as a bear market. Anyone wishing to invest should seek his or her own independent financial advice before making investment decisions.