Chainlink Price Prediction for 2020, 2023 and 2025
ChainLink (LINK) is a decentralized open-source cryptocurrency. Its technology is focused on software that helps connect smart contracts to external resources in different networks. Chainlink is among the top 15 cryptocurrencies of the world as per the market capitalization. Its price surged in 2019 to a record value of 3.72 USD making it one of the top-performing Crypto for the year.
Table of Contents
- 1 An Overview of Chainlink
- 2 Chainlink (LINK) Coin Price History
- 3 Chainlink Price Prediction by Market Experts
- 4 What to expect from Chainlink Price in 2020?
- 5 Chainlink Price Prediction for 2023
- 6 Chainlink Price Prediction for 2025
- 7 Conclusion
The Chainlink Team
Sergei Nazarov serves as the director of Chainlink while Steve Ellis handles the technical aspects. ChainLink also has professional advisors that include blockchain technology expert Ari Juels from Cornell University, Senior Executive of the Ethereum community Hudson Jameson and Andrew Miller, who is an active contributor to the Zcash and Tezos ventures.
Fundraising and ICO
On 19 September 2017, the LINK ICO was organized, and a $32 million fundraising goal was met. At the point, the ICO price for Chainlink was $0.11, and the team only accepted payments in ETH. As of today, it is the 15th largest coin by market capitalization.
QuarkChain and Chainlink have recently entered into a collaboration to merge their oracle platform into flexible technology, which will allow developers and businesses with an improved experience in the development of smart contracts. The Bytom Blockchain incorporation will lead to the development of smart contracts. This would strengthen the off-chain connection between the incoming and outgoing data, allowing developers to access real-world information.
For Chainlink, 2018 was the year of the rise and fall. As we recall, 2018 began with a significant bull run, so many altcoins hit a high price point, Chainlink was no exception. Then started a massive downward trend, which wiped out billions of dollars for several crypto projects. Not all of them recovered from the bearish trend, but the price of Chainlink reached the previous point. The increase in price can be correlated with the launch of the first dApps on Chainlink blockchain and listing on BITBOX, Coinbase, and other exchanges.
Chainlink (LINK) Coin was a top trending coin for 2019. On 1 January 2019, the price of one LINK coin was $0.3. The rate began to rise and hit the first peak, at $1.13 on 25 May. Later, the price consolidated and made a new high in June by reaching a value of $4.54. This price development has been related to the release of Chainlink on the Ethereum mainnet. The price went up again in October, hitting $2.84 from $1.70 because of the partnership with Binance.
Due to the volatile nature of the market, predicting the cryptocurrency prices is quite tricky. However, to ascertain the value of Chainlink in the future, a view of Chainlink’s price prediction from several sources shall help us in getting a better idea of the situation.
Chainlink Price Prediction by WalletInvestor
According to WalletInvestor, LINK is excellent for long-term investment. The price of ChainLink can rise in one year from USD 2.080 to USD 5.020. The profit potential in one year is +141.33%. The future price of ChainLink (LINK) is likely to be $16.491 in 2024.
Chainlink Price Prediction by Crypto-Rating
According to this website, the Chainlink price analysis shows that by 1 June the coin will reach $7.37 due to the possible investment from major institutional investors and the anticipated rise in digital currency regulation.
Crypto Rating suggests a value of around 7.37 US dollars in 2020, 7.78 US dollars in 2021, 8.92 US dollars in 2022, and 9.92 US dollars in 2023.
Chainlink Price Prediction by DigitalCoinPrice
The price of Chainlink (LINK) is expected to grow as per DigitalCoinPrice. Chainlink (LINK) provides an opportunity for earning profit to long term investors. The price of 1 Chainlink (LINK) can go up to USD 3.88 in 2020.
Chainlink Price Prediction by TradingBeasts
TradingBeasts estimate Chainlink’s price at $3.92846 US dollars for 2020. It forecasts a maximum price up to $4.43788 US dollars and the minimum price at $2.65776.
Chainlink Price Prediction by CoinFan
CoinFan is positive about Chainlink’s price and predicts that it could hit $4.98 by the end of 2020. They have also project that by 2023, LINK might be able to reach $30, which is a highly optimistic prediction.
LINK is poised to take an ideal jump into the top 10 cryptocurrencies during 2020, with a first-mover advantage. Seeing how easily Chainlink can withstand the bearish market, the currency would possibly not drastically lose its value. Seven-league phases develop Chainlink, so it can easily reach higher values in 2020 if a bull run takes place.
Chainlink has already jumped up the ranking ladder and has become one of the top 11 Cryptos by market capitalization. It has entered into significant collaborations with bZx, with the brand’s protocol depending solely on Chainlink. The platform has collaborated with Chiliz, a sports-tokenization platform based on Ethereum, to allow teams such as the FC Barcelona in the creation of non-fungible tokens. LINK has hit $4.92, its All-Time High (ATH) in a bearish market, and it is expected that Chainlink will reach $6.815 by the end of 2020.
If the LINK maintains its industry relevance and manages to stay ahead of the competition, the value may range between $10 and $25 by the year 2023.
Again, if LINK holds its market relevance and keeps up with the development pace, it will undoubtedly reach a worth ten times more than today. Due to continuous development by the team and adoption, Chainlink could become the champion of the cryptographic field. New partnerships and increase reliance on its Blockchain will likely grow exponentially by 2025. All these positive factors will allow LINK to increase its rank in terms of market capitalization, and the coin might reach a value higher than $30 by 2025.
Chainlink has the potential to grow. This is evident from the predictions of multiple industry experts, as stated above. Therefore, investors looking for long term investment opportunities might find it a good option for making money.