Chainlink Price Prediction 2021, Will LINK Price Hit $100 By 2021?


Though the world of cryptocurrencies continues to expand, and many have started investing in most currencies, each of them has got their pros and cons on the either ends. That’s why new projects and currencies are seen coming in to the market promising to offer better features. A new project eventually tries to bypass the cons of the previous crypto networks.

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One such project is Chainlink (LINK) which is attempting to bring interoperability to the blockchain industry. That is unlike conventional blockchains that exist, Chainlink offers input guarantee for a range of external data. It aims to bridge the gap between blockchain technology based smart contracts and the real world applications.

Now, it is seemingly true that Chainlink can bring a revolution in blockchain technology. Impressed by this and want to start your first investment in Chainlink? But still in a dilemma about the future trends? If this feels like you, hold on and read further to reveal the answers to almost all of your queries

Overview

Cryptocurrency Chainlink
Token LINK
Price $ 27.5700
Market cap $ 12,014,490,146.0000
Circulating Supply $ 431,009,553.9175
Trading Volume  $ 1,102,213,471.0000
All time high $ 52.7000     May 10, 2021
All time low $ 0.1482     November 29, 2017

Chainlink is unique compared to other blockchain projects. The business model is solely focused on the creation of smart contracts for the outside world. Chainlink hopes to decentralize the Internet to bridge the gap between blockchains and the applications that exist in the real world.

The Chainlink system has a decentralized network of Oracles, so that smart contracts can safely interact with off-chain platforms. Chainlink was created and formed by an organization called SmartContract, which was founded in September 2014 by its CEO Sergey Nazarov and CTO Steve Ellis.

Chainlink node operators extract data from off-chain systems and convert it into blockchain compatible formats. They are awarded with LINK cryptocurrency – an ERC-20 token based on Ethereum. According to the developers, the price of LINK is closely correlated to the number of node operators.

Also Read: Polkadot price prediction, Will DOT price reach $50 in 2021?

Chainlink continued to trade at $11.45 during January. Surprisingly, the price spiked to $51.17 to hit a new high on May 2nd. When the market collapsed on May 19, the LINK price wiped down from $36.8 to $21. However, post this point, the price has been gradually surging.

It has drawn a lot of attention and attracted new users to their project. The fundamentals look healthy for many analysts. The altcoin has been proactive in launching its products and developments well within time, growing consistently. By the end of 2021, the LINK price may reach about $80 to $100.

on the other hand, considering all market sentiments and news playing hide and seek or any other unforeseen circumstances or competitor coins giving a tough road ahead, the altcoin price might showcase a marginal correction bringing it down to its support levels of around $80-$90 at best.

However predictions suggest that LINK price may have its average trading price at $65.45 by the end of 2021. The maximum price is expected to be near $70. On the other hand the lowest price may strike at $56.4

LINK might enter 2022 with a trading price above $100. The price might significantly increase every month if the marketers concentrate on investing in Chainlink. The maximum price that LINK may strike by the end of 2022 is nearly $115 and the minimum figure may be near $75. The average price might range from $90-$100

Price Prediction For Next 5 Years

  In 5 years, with more partnerships, a large treasury of reserve funds, and an in-demand service, it seems that the platform is well-poised to handle any challenges that may crop up in time. Chainlink may see a highest price at $210 and lowest at $135. However, the average price is predicted to be near $150

1) TradingBeasts

According to trading beasts, LINK price may trade around $28.58 by the end of 2021 and by the end of 2024, the price may reach $42.86.

2) DigitalCoin

It rates Chainlink as a solid investment with expectations of soaring prices for years to come. Digitalcoin expects that Chainlink (LINK) could be trading at $43.99 at the end of 2021.

3) WalletInvestor

Wallet Investor is highly bullish about the future price of Chainlink. They think the LINK price can go up to $46.125 in one year. Based on the current market situation, they project the rate jumping to $204.35 by the end of 2026.

4) Longforecasts

As per Longforecasts, Link price may trade in between $26.54 to $32.95 by the end of 2021 and by mid 2025, the price may rally and cross $53.24.

Chainlink has the inherent capability to expand smart contracts, allowing data accessibility for events, transactions, and going in the same trend. Optimism seems to be catching up with the heat on a long-term price forecast for the platform. The LINK price by end of 2021 shall easily touch $100 by all means.

The future involvement of major institutional investors might result in a hike in the altcoin price. Surpassing all expectations, the LINK price outlook is sure to win all seasonal battles surging ahead with $1K by the end of 2025, a rise like never before.

Also Read: Dogecoin price prediction, Will DOGE hit $1 by the end of 2021?

Historic Market Sentiments

2017

LINK was funded with an ICO and managed to raise USD 32 million in September 2017. During its private token sale campaign LINK cost USD 0.09 per token and USD 0.11 during its public sale.

2018

Then in the year 2018, the coin had a nice start doubling from $0.15 to $0.43 per coin. It had several price hikes, which increased the price of the currency to $1.

2019

In June 2019, news broke on Twitter about a potential cooperation with Chainlink and Google Cloud. As a result, the price of LINK jumped from $1.19 to $1.93. Later, the coin grew further to $2.24 when it was listed on Coinbase.

By the time LINK appeared on the exchange, it had reached $4.45. By the end of August, the price of ChainLink had again decreased to $1.61.

2020

ChainLink saw a significant price movement in January 2020 and ended in February. During this period, the coin managed to grow from $1.74 to $4.60 in the short time frame. 

In March, it crucially fell back to its previous price point of $1.74. In April, it managed to recover, climbing back to $3.

Then on July 7, 2020, the LINK price underwent an impressive surge as China’s national blockchain network, the Blockchain Service Network (BSN) was activated with 135 nodes integrated with Chainlink price oracles. 

The news saw the LINK price surge from around $4.87 USD to an all-time high of $5.60 USD, with gains of 15 percent on the day

Chainlink continued an ascending trendline into mid-August, gaining bullish momentum. Into late September 2020, it saw sudden bearish activity before beginning its climb once again into October. 

With the continuation of the bearish trend LINK’s price was trading at $11.17 and further plunged to $10.57. Later, the price started to grow steadily to hit $16.08 at the end of November.  At the end of 2020, Chainlink was trading at $11.14.

FAQ

Is Chainlink (LINK) a good investment?

Chainlink might be a good investment if you plan to invest for a long time.

Who created Chainlink?

Chainlink was created by Sergey Nazarov.

Will Chainlink hit $1000 USD?

For now, though, considering the current Chainlink price of $10.57 USD, it’s unfeasible to expect Chainlink to cross $1,000 USD any time soon.

What are Chainlink Oracles?

These are bridges which allow several blockchains to interact with off-chain resources such as market data.



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