Chainlink (LINK) Price Prediction 2023-2030: Will LINK Price Hit $10 Soon?
- Bullish LINK price prediction ranges from $9.419 to $10.08.
- LINK price might also reach $15 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.
Table of contents
- Chainlink (LINK) Market Overview
- What Is Chainlink (LINK)?
- Chainlink (LINK) Current Market Status
- Chainlink (LINK) Price Analysis 2023
- Chainlink (LINK) Price Analysis – Bollinger Bands
- Chainlink (LINK) Price Analysis – Relative Strength Index(RSI)
- Chainlink (LINK) Price Analysis – Moving Average
- Chainlink (LINK) Price Analysis – Moving Average Convergence Divergence
- Chainlink (LINK) Price Prediction 2023-2030 Overview
- Chainlink (LINK) Price Prediction 2023
- Chainlink (LINK) Price Prediction 2023 – Resistance and Support Levels
- Chainlink (LINK) Price Prediction 2024
- Chainlink (LINK) Price Prediction 2025
- Chainlink (LINK) Price Prediction 2026
- Chainlink (LINK) Price Prediction 2027
- Chainlink (LINK) Price Prediction 2028
- Chainlink (LINK) Price Prediction 2029
- Chainlink (LINK) Price Prediction 2030
- Chainlink (LINK) Price Prediction 2040
- Chainlink (LINK) Price Prediction 2050
- Conclusion
- FAQ
- More Crypto Price Predictions:
Chainlink (LINK) Market Overview
| 🪙 Name | Chainlink |
| Symbol | link |
| Rank | #23 |
| Price | $6.21 |
| Price Change (1h) | 0.70679 % |
| Price Change (24h) | -0.34426 % |
| Price Change (7d) | 21.02644 % |
| Market Cap | $3207900711 |
| All Time High | $52.7 |
| All Time Low | $0.148183 |
| Circulating Supply | 517099972.231 link |
| Total Supply | 1000000000 link |
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.
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.
Chainlink (LINK) Current Market Status
At the time of writing, LINK is now trading at $6.17 with a total market capitalization of $3,318,307,962. LINK sits in 22 place on CoinMarketCap in terms of market capitalization. Moreover, there has been a price change of 2.73% fall in the past 24 hours. LINK’s 24-hour trading volume is $172,329,765 with a fall of 6.19%.
LINK can be traded on major cryptocurrency exchanges such as Binance, Coinbase KuCoin, Kraken, OKX, and Uniswap.
Chainlink (LINK) Price Analysis 2023
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.
Chainlink (LINK) Price Analysis – Bollinger Bands
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 recently experienced a trend reversal during a highly volatile market. The candlesticks entered the top-half region after experiencing positive momentum. There is a high chance that the positive momentum may continue for some time as the upper band and the lower band start to shrink, indicating the market volatility would reduce after some time. However, if the candlesticks touch the overbought region, then, LINk would fall down.
Chainlink (LINK) Price Analysis – Relative Strength Index(RSI)
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.
The RSI is valued at 60.86, which is considered a strong trend region since it is valued between 50 and 70. After experiencing a bullish crossover, LINK’s RSI shot u[pwards indicating that there was a massive spike observed in the region. Moreover, there is a low possibility that the RSI would reach the overbought region since the indicator shifted its focus from the upward momentum and could probably sideways or downwards form sometime.
Chainlink (LINK) Price Analysis – Moving Average
Looking at the chart, a death cross was recently formed as the 50MA crossed below the 200MA. Ideally, traders would view the death cross as a bearish signal, however, the gap between the 50MA and the 200MA could reduce over time, indicating that a bullish trend may continue for some time. Since the candlesticks started to rise above the 50MA, there is a high possibility that they may climb abov e the 200MA indicator.
Chainlink (LINK) Price Analysis – Moving Average Convergence Divergence
The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will simplify 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.
The MACD indicator also confirms LINK’s bullish trend as there was a bullish crossover observed as the MACD line crossed above the signal line. Moreover, the green bars continue to rise indicating that the bullish trend may continue for some time. However, in the off chance that the MACD line falls below the signal line, then, there is a high chance that LINK could face a bear trend in the short-term period.
Chainlink (LINK) Price Prediction 2023-2030 Overview
| Year | Minimum Price | Average Price | Maximum Price |
| 2023 | $5.09 | $8.74 | $10.08 |
| 2024 | $13.79 | $17.44 | $21.10 |
| 2025 | $19.40 | $25.12 | $28.57 |
| 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 |
Chainlink (LINK) Price Prediction 2023
Currently, LINK is trading in between the $6 and the $7 region. Moreover, the altcoin is currently trading below the 200MA, which is considered an indication LINK could be facing a long-term bearish trend. However, the recent green candlesticks confirm that LINK could climb out of this bearish path. The MACD also observed a bullish crossover, which further confirms that LINK could experience a bullish trend in the short-term period. The ADX also states that the current trend’s strength is strong. However, traders should also expect a bearish trend if LINK’s bullish trend doesn’t continue.
Meanwhile, the price prediction of LINK for 2023 remains to be bullish and is expected to reach beyond the level of $10. The bearish price prediction range for LINK is between $4.430 to $5.094. However, if LINK experiences extreme bullish sentiment, then it would reach the $15 level.
| Bullish Price Prediction | Bearish Price Prediction |
| $9.419 – $10.083 | $4.430 – $5.094 |
Chainlink (LINK) Price Prediction 2023 – Resistance and Support Levels
The candlesticks recently bounced away from the Support level after facing a downfall. If LINK experiences a bullish period, it has the potential to reach its extreme bullish area at the $15 level. LINK has the potential to reach resistance level 1 at the $12 level if it continues to experience a bullish period. When LINK passes through each Resistance, each level could become a new Support level.
Chainlink (LINK) Price Prediction 2024
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 $21 by the end of 2024.
Chainlink (LINK) Price Prediction 2025
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 $28 level.
Chainlink (LINK) Price Prediction 2026
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.
Chainlink (LINK) Price Prediction 2027
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.
Chainlink (LINK) Price Prediction 2028
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.
Chainlink (LINK) Price Prediction 2029
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.
Chainlink (LINK) Price Prediction 2030
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.
Chainlink (LINK) Price Prediction 2040
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 Price | Average Price | Maximum Price |
| $100.81 | $103.66 | $106.17 |
Chainlink (LINK) Price Prediction 2050
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 Price | Average Price | Maximum 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 $10 level in 2023. Moreover, LINK could surpass the $160 level by the end of 2050.
FAQ
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.
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.
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.
LINK achieved its all-time high of $52.88 in 2021.
If investors continue to add LINK into their portfolio, then, LINK has the potential to trade beyond the level of $100 in 2040.
The maximum supply of LINK is 1,000,000,000 LINK
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.
The lowest price LINK had is $$0.1263, which was attained on September 23, 2017, according to CoinMarketCap.
Reportedly, Sergey Nazarov and Steve Ellis created Chainlink in 2017.
LINK was launched in 2017.
LINK can be stored in a cold wallet, hot wallet, or exchange wallet.
LINK is expected to reach $10 in 2023.
LINK is expected to reach $21 in 2024.
LINK is expected to reach $28 in 2025.
LINK is expected to reach $30 in 2026.
LINK is expected to reach $39 in 2027.
LINK is expected to reach $45 in 2028.
LINK is expected to reach $50 in 2029.
LINK is expected to reach $52 in 2030.
LINK is expected to reach $106 in 2040.
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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