Chainlink Price Predictions 2024-2033
No one could say if — and when — the crypto winter is ending. We can regard some successful strategies as “green shoots” to create hope for the crypto industry. ETH witnessed three consecutive weeks of inflows after 11 straight weeks of sell-off, according to a CoinShares report. Fear not, and let’s explore Chainlink Price Prediction.
How Much is LINK Worth
Today’s Chainlink price is $17.73 with a 24-hour trading volume of $530,241,627. Chainlink is down 4.54% in the last 24 hours. The current CoinMarketCap ranking is 14, with a live market cap of $10,364,557,529. It has a circulating supply of 587,099,970 LINK coins and a max. supply of 1,000,000,000 LINK coins.
Chainlink Price Analysis: LINK Forms a Bearish Pressure at $17.73 After a Downtrend Formation
- Chainlink price analysis is forming a bearish pattern
- LINK/USD is facing resistance at the $18.89 level
- Support for LINK is found at the $17.36 level
The Chainlink price analysis shows a price decline today. LINK/USD price has come down to $17.73 at the time of writing. After rallying towards $18.89, selling pressure has built up in the market, and the coin has started the correction. The LINK/USD pair is on a slight downtrend after the bullish pressure from buyers was exhausted.
The LINK/USD pair is facing resistance at the $18.89 level and could not break above it during the morning session. This shows that bearish momentum has taken over in the market and a downtrend is forming. The support for the LINK/USD pair is found at the $17.36 level. If the price breaks below this level, there is a chance that it could go down further. The LINK /USD has decreased by 4.54% in the last 24 hours.
Chainlink 1-day Price Chart: LINK Goes into The Correction Phase
The 1-day Chainlink price analysis reveals a drop in price level, as the value of cryptocurrency dropped slightly today. After spiking high yesterday, LINK seems to be retracing as the price reached near the resistance of $18.89. LINK/USD is still on the downside, as it has yet to break above the resistance level. The price of LINK is likely to remain volatile in the near term, with a bearish bias prevailing in the market.
LINK/USD 1-day price chart By; TradingView
The Bollinger band indicator is showing convergence and a bearish signal, With upper Bollinger bands at $22.14 and lower Bollinger bands at $16.98, LINK/USD is stuck in a range-bound movement. The Stochastic RSI is also indicating that the market is overbought, which could be a sign of further price drops to come. The 20-day and 50-day moving averages are in line with the downtrend as both have been trending lower. This suggests that LINK/USD could remain bearish in the coming days.
Chainlink Price Analysis 4-hour: LINK Faces Bearish at $17.73
The 4-hour price chart for Chainlink price analysis shows a red candlestick getting larger with the time on the chart, as the selling pressure has formed for LINK. After the bullish activity of yesterday and even an upward price breakout today, bears have successfully turned the tables and are decreasing the price. As the LINK/USD pair price declines, the next support that bulls can hold on to is at $17.36.
LINK/USD 4-hour price chart By; TradingView
The volatility is increasing during the current hours as Bollinger bands are diverging. The Bollinger band ends are expanding with the top band at the $18.90 mark and the lower band at the $16.82 mark. The moving average is at the $0.627 mark. The RSI has dropped to the oversold region, suggesting that LINK could make a slight bounce soon.
Chainlink Price Analysis Conclusion
All in all, it appears that Chainlink is going through a bearish phase as of now and further downward price movement cannot be ruled out. With buyers unable to break above the resistance of $18.89, the LINK/USD pair is in the correction phase and could go down further if the support of $17.36 is breached.
Recent News and Opinions on Chainlink
Chainlink Enhances Web Security in Partnership with Telefonica
Chainlink, a decentralized oracle provider, has joined forces with Telefonica, a global telecom giant, to fortify security within Web3 environments. This collaboration aims to bolster the resilience of smart contracts on the Polygon network against SIM swap attacks, a common threat in the realm of hacking.
The integration of Telefonica’s SIM Swap API with Chainlink Functions introduces a novel approach, enabling seamless communication between carrier functions and Web3 applications. By leveraging the standardized GSM Association Open Gateway SIM Swap API, the alliance empowers Polygon apps to verify the last SIM card change associated with a mobile number.
The groundbreaking feature, set to be implemented by Vivo, Telefonica’s subsidiary in Brazil, promises enhanced security without compromising user experience. It anticipates reducing fraud instances, fortifying 2FA processes, safeguarding against identity theft, and facilitating automated transactions for financial institutions.
Johann Eid, CBO at Chainlink Labs, emphasizes the blockchain implementation of Telefonica’s APIs, presenting new use cases that elevate industry security, ultimately protecting users and their assets.
Chainlink Whales Amass $112M in LINK Tokens, Fueling Price Surge
Chainlink, one of the leading altcoins in the crypto market, has witnessed a notable resurgence in the wake of a significant drawdown. Currently trading at $20.18, the token has experienced a modest 0.6% price surge over the past 24 hours, signaling a positive shift in momentum.
This enigmatic figure has amassed a staggering 5,587,368 LINK tokens, valued at around $112 million, through 55 different addresses on Binance within just 6 days. Other substantial LINK accumulations have been observed, including one withdrawal of 495,057 LINK worth $7.5 million on multiple occasions at an average price of $15.12.
While these individual accumulations do not wholly represent broader trends within the Chainlink ecosystem, data from IntoTheBlock suggests a total whale accumulation of $176.98 million in the past 24 hours, marking a substantial increase of 13.44%.
Chainlink Price Prediction 2024-2033
| Year | Minimum | Average | Maximum |
| 2024 | $27.51 | $28.36 | $33.17 |
| 2025 | $38.90 | $40.03 | $47.79 |
| 2026 | $57.71 | $59.31 | $67.29 |
| 2027 | $80.53 | $82.90 | $98.38 |
| 2028 | $120.68 | $124.00 | $140.97 |
| 2029 | $175.70 | $181.90 | $210.87 |
| 2030 | $259.60 | $266.88 | $301.27 |
| 2031 | $378.20 | $391.54 | $453.28 |
| 2032 | $560.51 | $580.08 | $648.70 |
| 2033 | $787.49 | $810.70 | $973.60 |
Chainlink Price Prediction 2024
According to the technical analysis of Chainlink prices expected in 2024, the minimum cost of LINK will be $27.51. The maximum level that the LINK price can reach is $33.17. The average trading price is expected around $28.36.
Chainlink Price Prediction 2025
Chainlink price is predicted to reach at a minimum value of $38.90 in 2025. The Chainlink price could reach a maximum value of $47.79 with the average trading price of $40.03 throughout 2025.
Chainlink Price Prediction 2026
Chainlink price is forecast to reach a lowest possible level of $57.71 in 2026. As per our findings, the LINK price could reach a maximum possible level of $67.29 with the average forecast price of $59.31.
Chainlink Price Prediction 2027
Based on the technical analysis by cryptocurrency experts regarding the prices of Chainlink, in 2027, LINK is expected to have the following minimum and maximum prices: about $80.53 and $98.38, respectively. The average expected trading cost is $82.90.
Chainlink Price Prediction 2028
According to our deep technical analysis on past price data of LINK, In 2028 the price of Chainlink is predicted to reach at a minimum level of $120.68. The LINK price can reach a maximum level of $140.97 with the average trading price of $124.00.
Chainlink Price Prediction 2029
The experts in the field of cryptocurrency have analyzed the prices of Chainlink and their fluctuations during the previous years. It is assumed that in 2029, the minimum LINK price might drop to $175.70, while its maximum can reach $210.87. On average, the trading cost will be around $181.90.
Chainlink Price Prediction 2029
According to our deep technical analysis on past price data of LINK, In 2029 the price of Chainlink is forecasted to be at around a minimum value of $175.70. The Chainlink price value can reach a maximum of $210.87 with the average trading value of $181.90.
Chainlink Price Prediction 2030
Based on the analysis of the costs of Chainlink by crypto experts, the following maximum and minimum LINK prices are expected in 2030: $301.27 and $259.60. On average, it will be traded at $266.88.
Chainlink Price Prediction 2031
Crypto experts are constantly analyzing the fluctuations of Chainlink. Based on their predictions, the estimated average LINK price will be around $391.54. It might drop to a minimum of $378.20, but it still might reach $453.28 throughout 2031.
Chainlink (LINK) Price Prediction 2032
Cryptocurrency analysts are ready to announce their estimations of the Chainlink’s price. The year 2032 will be determined by the maximum LINK price of $648.70. However, its rate might drop to around $560.51. So, the expected average trading price is $580.08.
Chainlink Price Prediction 2033
Chainlink price is forecast to reach a lowest possible level of $787.49 in 2033. As per our findings, the LINK price could reach a maximum possible level of $973.60 with the average forecast price of $810.70.
Chainlink Price Prediction by Technewsleader
Chainlink price prediction by Technewsleader estimates the price of LINK to experience enormous growth. It could attain a yearly turnaround of a minimum of $37.96 and a maximum trading price of $95.36 by 2029. The market analyst states that LINK could attain a maximum price of $170.80 in the next ten years, with a minimum forecast price of $290.26 by the end of 2032.
Chainlink Price Prediction by Coincodex
According to Coincodex’s Chainlink price prediction, the outlook for the cryptocurrency is optimistic. By March 12, 2024, Chainlink is forecasted to rise by 6.45% and reach $21.46. The current sentiment is bullish, with the Fear & Greed Index indicating extreme greed at 82. Over the last 30 days, Chainlink has recorded 15 green days out of 30, with a price volatility of 4.17%. Based on these indicators, it’s deemed a good time to consider buying Chainlink.
Looking further ahead, the long-term Chainlink price predictions for 2025 through 2030 show a potential for substantial growth. By 2025, Chainlink’s yearly low is estimated at $20.15, with a high prediction of $77.71, offering a potential gain of 289.64% from today’s price if it reaches the upper target.
Similarly, for 2030, the price forecast ranges from $44.78 to $95.43, indicating a potential increase of 378.46% from the current price if Chainlink achieves the upper price target. These predictions highlight Chainlink’s potential as an investment option with significant growth opportunities in the coming years, particularly considering its role in the DeFi ecosystem and the increasing demand for reliable data oracles.
Chainlink Price Prediction by DigitalCoinprice
Coincodex is another website with a bullish outlook on LINK’s short-term and long-term prospects. The Chainlink price prediction suggests a bullish outlook with expectations of significant growth. By the end of 2025, Chainlink is forecasted to increase by approximately 254.91%, reaching a value of $27.67. However, the current Fear & Greed Index reflects extreme fear in the market. Over the next few years, gradual price rises are anticipated, with 2024 ending around $16.79, followed by $19.67 in 2024. By 2032, the price could reach $149.15, indicating long-term optimism.
Chainlink Price Prediction by Market Experts
Prominent crypto trader Michaël van de Poppe recently highlighted the potential for Chainlink (LINK) to enter a bullish cycle, noting its undervaluation compared to Bitcoin and strong weekly price action following a period of sideways movement. Poppe suggests that with Bitcoin showing signs of a macro reversal, altcoins like LINK, which have lagged in early 2023 trading, could see increased momentum. He believes there’s significant room for exponential growth as valuations remain below previous cycle highs. Specifically, Poppe envisions LINK breaking out from current levels convincingly within 2-3 months, with initial conservative upside targets set around $42.
Chainlink has exhibited impressive performance, with a notable 17.2% increase in price over the past 30 days, despite being significantly below its previous all-time high of $52.70. This suggests a more achievable path towards double-digit values for the altcoin. Changelly’s cryptocurrency experts have provided their Chainlink price prediction, forecasting a minimum of $20.44 and a maximum of $24.56 for March, with an average price range of $20 to $21.83. Looking further ahead, the forecast suggests LINK could hit $42 by October 2025.
While the market outlook appears favorable for Chainlink and other altcoins, it’s important to note the unpredictability of the cryptocurrency market and its susceptibility to shifts in overall sentiment. With Bitcoin reaching $65,000, there’s anticipation for another potential bull run in the altcoin sector. Investors should remain vigilant and consider various factors when making investment decisions in this dynamic market environment.
Chainlink Price History
More on Chainlink
What is Chainlink?
Chainlink is known as a decentralized oracle network or blockchain abstraction layer. Chainlink uses blockchain technology to securely enable computations on and off chain, supporting what it calls hybrid smart contracts.3 Enterprises using Chainlink can access any major blockchain network, including Ethereum and Solana.
Chainlink Applications
Due to the way the smart contracts of Chainlink were developed, Chainlink has the prospect of fitting into every facet of our lives. Chainlink’s smart contracts were developed to solve the issue with Oracle. The Oracle problem is that blockchains were disconnected from the outside world.
The smart contracts for Ethereum and other crypto assets could only fetch data that was already stored on the blockchain. However, non-deterministic data (data outside the blockchain database) could not be fetched. However, the introduction of Chainlink introduced a middleware solution that could fetch data from outside a blockchain database.
It was done by creating decentralized networks of Oracles, and the fascinating thing here is that the blockchain is not in any way affected.
The ground-breaking development raises the prospect of Chainlink through the roof, and the technology is applicable in the following areas: using satellite imagery in the military for information gathering; triggering insurance payouts; global trade; direct transactions which cut out intermediaries for post-trade processing; paying your workers or getting paid in real-time for services rendered; can be used during elections to vote; can be used for trading on gaming platforms, etc.
Where to buy Chainlink (LINK)?
To use Chainlink’s Oracle system, you need to have Chainlink’s native token, LINK, as a payment means for the service. Chainlink network is built on the Ethereum network and utilizes ERC677, which obtained its efficacy from ERC 20 token standards and enables token transfer to comprise a data payload.
The ERC677 is also utilized for settlement with a Chainlink node operator who supplies and feeds data into the network, paid for by the buyers. The vendors decide the cost of the service after bidding.
Many investors are wondering where to buy the token Chainlink. Apart from earning Chainlink tokens by participating as an oracle or a node operator, they can also be acquired from a cryptocurrency exchange.
Top crypto exchange platforms such as Binance, Coinbase, and Gemini allow individuals to buy LINK using fiat currency via a credit card or debit card, bank transfer, etc. Use a hardware wallet to store LINK tokens securely.
When did Chainlink reach its all-time high?
The popularity and demand for smart contract technology surged in 2021 due to the heightened proliferation of blockchain tech and the Ethereum blockchain’s upgrade. On January 23, LINK’s price reached a new all-time high of $52.
The price of Chainlink continued the positive momentum, and a little later, it was trading at record levels above the $30 price level. On February 14, 2021, LINK peaked at $35.58, setting a new all-time high, but it has since retraced lower.
The coin surged after a small downward trend, reached another all-time high, and traded at $52.43 on May 10. This was the new all-time high set by Chainlink in May.
It couldn’t continue this price growth; shortly afterward, it fell nearly half this price. Chainlink’s price today is just above 25 USD.
What drives LINK price?
Certain prominent elements affect the market value of any cryptocurrency. Such factors include economic news, market sentiments, and government regulations. Apart from these popular asset price influencers, we have identified some more factors responsible for the price actions of LINK.
- Chainlink Future Developments
Chainlink continues to garner significant appeal among developers, and it has completed over 300 integrations with nodes, data providers, DeFi, and blockchain-based projects. To date, every single Chainlink integration has bolstered LINK’s market capitalization, and continued growth is expected.
The more projects linked to Chainlink, the higher the market price of LINK, especially if the projects boom with impressive scalability. In 2021 alone, Chainlink had over 700 partnerships, integrations, and collaborations; in the first quarter of 2022, the project added 140 more.
- Speculations and Interests
The surge in the price of LINK is often tied to rising interest in the coin and significant DeFi developments. It is no hidden secret in the crypto market that when institutional investors turn to an asset, its price goes up.
Similarly, speculations play a significant role in the price of any asset. The value of LINK will respond to rumors in the crypto space, news, and discussion in public columns among miners, investors, and devs.
More importantly, DeFi migration for centralized finance systems will undoubtedly generate massive speculative interest in blockchain projects like Chainlink.
- Oracle Services Functionalities
The output of a smart contract is only as good as its external data sources. Hence, if the data source is malicious, the smart contract outputs inaccurate outcomes.
Ensuring the validity and accuracy of data sources is one colossal concern that Chainlink solves via its Oracle services. The expansion of Chainlink’s functionality could significantly impact LINK’s market value, as seen in 2019 when Google announced a Chainlink integration that led to a giant leap in the coin’s value.
More future integrations and real-world applications will definitely affect LINK’s price.
Where to store LINK
You can use a software wallet (e.g., MetaMask, Trust Wallet) or a hardware wallet (e.g., Ledger, Trezor). When it comes to using a crypto wallet vs. an exchange to store your coin, crypto wallets are generally preferred. However, these options are a bit more cumbersome and do come with their own risks. For example, if you lose your wallet keys, nobody will unlock them for you. But crypto investors still recommend using these wallets because they give you full control over your coins and are less likely to get hacked.
Conclusion
Chainlink theoretically faces off against the entire cryptocurrency market as a cryptocurrency. However, there are only three major rivals to Chainlink as a project: Band Protocol, API3, and WINKlink. As connecting other projects is the primary function of Oracle networks like Chainlink and the three listed above. The most crucial parameter for them is the number of partners they have got, making them compatible with one another and the outside world. Chainlink has ten times more collaborations and integrations than those three combined, putting it far ahead of its rivals. It is unquestionably the best.
The long-term price projections indicate LINK will probably reach new all-time highs as crypto adoptions intensify in the coming years. However, these are our Chainlink price predictions based on deep analysis and the tracking of historical data, so they are not investment advice. Do your own research before taking an investment option.