Chainlink Price Prediction 2024-2030

Last 7 Days–7.4%
Last 1 Month–10.3%
Last 12 Months+141.5%

LINK price has experienced a slight price gain signaling a recovery phase. What are the signals and predictions?

UTC: Apr 24th, 2024 03:17 PM
Overall OutlookPartially Bullish
1. Market's WisdomBullish
1a. Market DataPartially Bullish
1b. Technical RecommendationBuy
2. Crowd's WisdomNeutral
2a. Social Media BuzzSteady
2b. Social Media SentimentSteady

In the recent price pullback, LINK tested the $16.5 support level but found sufficient support to prevent further decline. On its path to recovery, LINK first needs to surpass the $18.5 hurdle. A breakthrough could propel LINK above the $19.5 and $20.5 resistance levels. However, the majority of technical indicators suggest a slight negative outlook. Thus, a breakout above the first resistance level of $18.5 is essential for a potential trend reversal for LINK.

Influencers Price Target:

  • CryptoHotep: $16
  • SatoshiFlipper: $23
  • crypto_birb: $23.2
  • CryptoMichNL: $25-$35
  • Daan618crypto: $27
  • Mekatataku: $27-$28
  • DMG3465: $30
  • 5DayCrypto1: $31.86
  • rovercrc: $36
  • KazTheShadow: $37
  • nilesh_rohilla: $50 TO $100
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UTC: Apr 24th, 2024 06:24 PM

  • Chainlink Price Prediction in the next 24 hours is between $14.5 and $15.5
  • Chainlink Price Prediction this week is between $15.0 and $16.0

Check out my CrowdWisdom360 Portfolio here which has SOL, PEPE, PRIME, LUNA, BCH tokens, etc.

Check out 2024 LINK price predictions along with accuracy here.

Net Buy Rating = Buy% – Sell%

  • Oct 9th: +85.3%
  • Nov 28th: +82.2%
  • Dec 27th: +82.0%
  • Feb 4th: +80.0%
  • Feb 13th: +76.0%
  • Feb 15th: +79.6%
  • March 18th: +79.6%
  • April 6th: +79.2%

Chainlink Ecosystem Companies and Projects: Read our analysis

  • Chainlink Price Prediction 2024 is $19.4
  • Chainlink Price Prediction 2025 is $25.4
  • Chainlink Price Prediction 2026 is $32.2
  • Chainlink Price Prediction 2027 is $38.4
  • Chainlink Price Prediction 2028 is $50.2
  • Chainlink Price Prediction 2029 is $68.7
  • Chainlink Price Prediction 2030 is $93.2

Chainlink Ecosystem:

  • Jan 9th, 2023: 1324
  • Jan 31st, 2024: 2048
  • Feb 4th, 2024: 2048
  • Feb 14th, 2024: 2054

There have been 30 new integrations in 2024.

Chainlink’s Key Collaborations

Swift Collaboration: Chainlink and Swift, a standard messaging network used by over 11,000 banks worldwide, collaborate to unlock the potential of tokenization using Swift’s extensive network. Over twelve prominent global financial institutions, including DTCC, Euroclear, Clearstream, ANZ, Citi, BNY Mellon, BNP Paribas, Lloyds Banking Group, and SDX, collaborated successfully with Swift and Chainlink. Together, they successfully demonstrated a secure and scalable method for transferring tokenized assets across different blockchains using Chainlink’s Cross-Chain Interoperability Protocol (CCIP).

DTCC Collaboration: DTCC’s Executive Director, Stephen Prosperi, has announced that DTCC is collaborating with Chainlink. They are exploring the potential of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to act as a universal gateway for interfacing with blockchains, both for newly implemented systems and existing backend infrastructure.

ANZ Collaboration: At the Sibos 2023 event, Nigel Dobson, the Banking Services Lead at ANZ, engaged in a discussion with Sergey Nazarov. ANZ has chosen to leverage Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to showcase a cross-currency, cross-chain transaction involving the purchase of tokenized assets.

Vodafone DAB Collaboration: Vodafone’s Digital Asset Broker (DAB) is actively exploring the application of a global use case powered by Chainlink’s Cross-Chain Interoperability Protocol (CCIP). Additionally, Vodafone DAB has also joined as a node operator within the Chainlink Network.

Chainlink is a type of Oracle Network that aids in transferring real-world data to Smart Contracts on the blockchain. With it, businesses can access any major blockchain network, including Ethereum and Solana, while securely enabling computations on and off-chain.  

Chainlink enables smart contracts to interact with external data safely. Smart contracts on a blockchain are designed to be safe and devoid of manipulation. However numerous smart contracts need validation from external sources to be triggered for action. Example – Interest rates. Chainlink enables the conversion of off-chain data to on-chain data. Aggregate price feeds for digital and traditional currencies are part of the most advanced capability.

To enable this, Chainlink uses a decentralized Oracle network. Oracles convert offline data into a format understood by blockchains. Data can then be transferred to and from the blockchain using oracles. The validation of external data is done on a decentralized network where LINK Tokens are used to pay the Node operators. The Node operators validate the data. LINK Holder can also stake their Tokens.

Chainlink is luring outside data suppliers, like centralized and decentralized exchanges, to develop price feeds. Chainlink nodes then combine the information from external providers to produce a price update impervious to manipulation. Finally, any smart contract with established access can use this price data.

In this way, Chainlink can provide services to data consumers like DeFi firms as well as data providers who can sell their data and who can use the data for smart contracts. For instance, Synthetix uses loan and borrowing platforms to guarantee the total value of the collateral, and Chainlink sets the pricing on its derivatives platform.

Chainlink provides a suite of features tailored to augment smart contract functionalities. Users can craft dynamic NFTs that evolve, ensure Chainlink VRF subscriptions remain funded, monitor Ethereum balances with auto-replenishment options, and schedule smart contract functions. Additionally, they can pass on VRF costs directly to end users and benefit from a specialized web3.js plugin for effortless integration with Chainlink-activated EVM contracts. To assist developers, Chainlink QuickStarts offers code samples and tooling, empowering the rapid development of Chainlink-integrated applications.

Some of the crucial competitors of Chainlink are:

In the decentralized oracle sector, competition is fierce, and distinguishing features among competitors are minimal. Although Chainlink may have advantages over competitors like Band Protocol, the latter’s market share gains have impacted Chainlink’s growth. Not all blockchain applications require oracles, and some might choose centralized over decentralized ones. Additionally, certain blockchain platforms come with integrated Oracle functions, diminishing the demand for third-party solutions such as Chainlink.

Chainlink tokens have a maximum supply of 1,000,000,000 tokens, out of which 556,849,970 LINK tokens are already in circulation. The following are the primary use cases of LINK tokens:

  • LINK tokens are used to pay for Chainlink nodes.
  • Users can use their LINK tokens as collateral for high-value smart contracts.

Chainlink Performance over the Years

  • 2019 – Chainlink: +270%, Ethereum:(-15%)
  • 2020 – Chainlink: +582%, Ethereum:+476%
  • 2021 – Chainlink: +70%, Ethereum:+386%
  • 2022 – Chainlink: (-67.7%), Ethereum:(-67.1%)
  • 2023 – Chainlink: (+157.0%), Ethereum:(+86.8%)
  • 2024 – Chainlink: (+26.6%), Ethereum:(+12.6%)

Chainlink has outperformed Ethereum 3 out of the last 5 years. And it is outperforming Ethereum this year also.

Overall, Chainlink has good use cases while LINK is a moderate case for Investment.

Can Chainlink Reach $10,000, $5,000, $1000?

Chainlink is set to release version 0.2 of their staking platform, following the successful v0.1 launch last December. The new version will have a total pool size of 45 million LINK tokens. This upgrade aims to enhance the staking experience by introducing several key features:

  • The update will introduce a new unbonding mechanism, providing stakers with increased flexibility in managing their assets.
  • The platform will implement stake slashing, which will improve security guarantees for Oracle services.
  • The upgrade will ensure seamless future upgradability through a modular architecture, allowing for easy integration of new features.
  • A dynamic rewards mechanism will be introduced, enabling support for new reward sources in the future.

The release of v0.2 will follow a three-phase launch sequence:

  1. Priority Migration: Existing v0.1 stakers will have an exclusive one-week period to migrate their stake and accrued LINK rewards to v0.2.
  2. Early Access: Community members meeting predefined eligibility criteria will have a two-day window to stake up to 15,000 LINK tokens.
  3. General Access: In the final phase, anyone will be able to stake up to 15,000 LINK, provided the pool has not yet reached capacity.

Chainlink Price Prediction: FAQs

What is the future price of Chainlink in 2025?

As per the price prediction, Chainlink’s price is expected to reach a price level of $27.9 by the end of the year 2025.

What will Chainlink’s price be in 2030?

As per the price prediction for 2030, Chainlink’s price can reach a maximum price level of $95.8 by the end of the year.

StormX Price Prediction

LINK tokens can be purchased on various cryptocurrency exchanges. Some of the most popular exchanges that offer LINK trading include Binance, Coinbase, Kraken, Huobi, and Bitfinex.

The following are the general steps to purchase LINK tokens:

  • The first step is to create an account on any of the cryptocurrency exchanges mentioned above.
  • Once you’ve created an account, you can deposit funds into your exchange account using a bank transfer or a credit/debit card.
  • After that, you can use the funds to purchase LINK tokens at the current market price.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.