With sellers dominating the first half of September, the downward journey witnessed some hindrance last week as the Bitcoin price found support at the $25,000 level. The leading cryptocurrency rebounding from this support has triggered a fresh release rally in several cryptocurrencies.
With this bullish development, the Chainlink price managed to rebound from the monthly support of $5.75 on August 13. This bullish upswing is likely to challenge the overhead resistance.
So, how high will LINK jump in 2023?
The altcoin is bouncing back after a rough 2022 and is poised for a new bull run.
With Chainlink prices being closely watched by analysts and whales, we’re here to give you the lowdown. In our Chainlink Price Prediction 2023-2030, we make calculated predictions and figure out – Will LINK prices reach $100 by 2025?
So, read on and get ready for a seat on the spaceship launching LINK to the MOON!
What’s New With Chainlink?
Coinbase Collaboration: Coinbase Cloud is now a Chainlink node operator, bolstering Chainlink’s security and network capacity.
Proof of Reserve Issues: Chainlink’s proof-of-reserves service, while aiming for transparency, often relies more on promises than actual proofs.
Interoperability Protocol: Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is now live for early access on several blockchains, including Avalanche, Ethereum, Optimism, and Polygon.
Swift Partnership: Swift and Chainlink successfully conducted tokenized transfers across multiple blockchains, emphasizing the potential of tokenized asset markets. Financial institutions globally, including BNP Paribas, BNY Mellon, and Lloyds Banking Group, are exploring asset tokenization to enhance financial markets.
LINK Price Prediction September 2023
September has been a tumultuous month for the cryptocurrency sector, with significant price fluctuations across the board. Despite the setbacks from the previous week, the crypto market has shown resilience, bouncing back and offsetting some of the losses.
Chainlink, which had been oscillating within a defined range for several weeks, consistently tested the pivotal $5.92 support level. The bulls, demonstrating their strength, not only defended this level but also propelled the price past the $6.43 mark.
The Exponential Moving Average (EMA) on the 50-day chart is trending upwards, hinting at a potential golden crossover in the 4-hour timeframe.
After a period of consolidation, Chainlink’s price seems to be breaking free from its confines. If the bullish momentum persists and strengthens, LINK could challenge the $7.07 resistance level by month’s end.
On the flip side, if bearish forces regain dominance, LINK might retrace to the $6.43 level within the week. A failure to sustain this level could see the price descending further, possibly revisiting the crucial $5.92 support in the near future.
Chainlink Price Prediction 2023
With a market cap of $3.67 billion, Chainlink has been impressively performing amidst the volatile 2023. It currently ranks 19th in terms of market cap in the crypto world. Notably, 56% of the crypto is held by whales, while almost 71.86% of holders have held LINK for over a year.
The LINK prices are 87.49% below its all-time high of $54.40 and currently trades at $6.607. When zooming out to the weekly timeframe, LINK’s price trajectory maintains a sideways momentum.
The tug-of-war between bullish and bearish sentiments has kept the price within a tight range. However, a recent breakout above the $6.43 resistance level suggests that Chainlink might be gearing up for a bullish run.
Assuming that the LINK prices break above the channel, the unleashed trapped momentum will boost the altcoin prices. The breakout rally will push LINK prices to a new swing high of $12.73 by the end of 2023.
However, in case of a reversal from the resistance trendline, a 37% correction to retest $5 is possible.
Chainlink (LINK) Price Prediction For 2024
Chainlink might find newer adoptions and buyers if the maker rolls out developmental and community-building initiatives. Moreover, the altcoin season in Bitcoin halving year will prove profitable for LINK Holders.
In such a case, the price of LINK might propel to its potential high of $15.2901 by the end of 2024.
In contrast, an ebbing stance in the industry and negative criticism could drag the price down to $11.8339. That being said, the regular price is $13.5620.
Chainlink (LINK) Price Prediction For 2025
With partnerships, reserve funds, and an in-demand service, LINK could reach $103.13 by 2025. However, if the market crashes, it could drop to $41.44. If smart contracts continue to process seamlessly, it could average $72.285.
POTENTIAL LOW ($)
POTENTIAL AVERAGE ($)
POTENTIAL HIGH ($)
Chainlink Price Prediction 2026
ChainlinkPrice Prediction 2026:
As per Chainlink Price Prediction 2026, the high price could be $129.2, the low may reach $107.3. This makes the average around $118.25.
ChainlinkPrice Prediction 2027:
Moving to 2027, Chainlink Price Prediction forecasts to potentially reach a high price of $160.37. With a low of $139.99 and an average of $150.18.
ChainlinkPrice Prediction 2028:
Moving to 2028, Chainlink Price Prediction forecasts a high price of $192.89. On the flip side, the low may fall to $174.59, and the average is projected to be around $183.74.
Chainlink Price Prediction 2029:
As per Chainlink Price Prediction 2029, LINK’s high price is predicted to be $225.58, with a low of $182.1 and an average of $203.84.
Chainlink Price Prediction 2030:
Finally, as per Chainlink Price Prediction 2030, LINK’s price has the potential to reach a high price of $253.51. With a low of $213.1 and an average of $233.305.
Chainlink (LINK) Price Prediction 2023 – 2030
Digital Coin Price
*The aforementioned targets are the average targets set by the respective firms.
CoinPedia’s Chainlink (LINK) Price Predictions
Chainlink has the inherent capability to expand smart contracts, allowing data accessibility for events and transactions. Optimism is catching up with the heat on a long-term price forecast for the platform.
According to Coinpedia’s formulated prediction, if the network updates in cryptography and starts new partnerships. LINK price might reach a maximum of $12.73.
On the flip side, many critics have begun questioning the purpose of LINK tokens in the project. If it persists, and other celebrities indicate a supporting statement, the price might get afflicted and plunge to $5. This gives us the average trading price of the token at $8.865.
We expect the LINK price to reach a high of $12.73 by the end of 2023.
Historical Market Sentiments
What are Chainlink Oracles?
Chainlink Oracles are bridges that allow several blockchains to interact with off-chain resources such as market data.
What are chainlink tokens used for?
Chainlink tokens called LINK serve as currency to pay Chainlink network operators for retrieving and preparing off-chain data and performing computations.
Is Chainlink a profitable investment for the long term?
Yes, Chainlink is a profitable investment in the long term. The strengths of the network such as smart contracts expandability, data feeds, oracles, and Defi give it an upper hand.
How high could the LINK price reach by the end of 2023?
LINK price could close the annual trade for 2023, with a price tag of $12.73.
What would be the feasible average price of LINK by the end of 2025?
LINK price could trade at an average price of $103.13 by the end of 2025.
If I had invested $100 in LINK in ICO, what would it be worth now?
With the ICO sale round at $0.11 in public sale, the $100 invested in LINK would be worth $6418.18 approximately. In short, the $100 investment would have increased by 6318.18%.
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