Chainlink (LINK) Price Prediction 2024-2030: Will LINK Price Hit $50 Soon?

• Increasing demand, backed by fundamentals could drive LINK to $37 in 2024.
• While the price might hit $62 in 2025, it could fall to $38.50 by 2027.
• In 20230, the price of LINK could be worth $112.

If there is one project that has shown the commitment to keeping its users and attracting more, then Chainlink (LINK) is one. Beyond the flashing signals of increasing prices, the project has ensured it keeps on improving the network and introducing impressive developments. 

But before we spill the news, why not read this comprehensive article about Chainlink? Here, you will learn details about its fundamentals, and to the more interesting part— the price predictions from 2024 to 2030.

Chainlink (LINK) Real Time Market Status

What is Chainlink (LINK)?

Chainlink is an open-source blockchain layer that provides the infrastructure for integrating off-chain data into smart contracts. The project enables this using a decentralized Oracle network. Besides that, Chainlink allows blockchain interaction while providing data for node operators and developers on the network.

Furthermore, Chainlink has become a powerhouse in the crypto ecosystem because of its strides with Real World Assets (RWAs). RWAs are a trending narrative in the market, with Chainlink leading the tokenization and partnering with traditional financial firms to expand this use case.

One of the ways it does this is through its Cross Chain Interoperability Protocol (CCIP). This enables data sharing and transactions on the network. Recently, Chainlink confirmed that it had completed integration with The Depository Trust & Clearing Corporation (DTCC). 

According to the announcement, the collaboration would allow seamless storage of mutual funds offered by the DTCC to be stored on the blockchain. Meanwhile, LINK is the native token of Chainlink, and it is an ERC-20 token using Ethereum (ETH). 

LINK is secured by the Proof-of-Stake (PoS) consensus network. With LINK, users can stake their tokens and also use them as collateral while getting yields from the activity. Learn more about LINK in the next section. 

Chainlink (LINK) Current Market Status

LINK’s price as of this writing was $16.92, representing a 28.60% increase in the last seven days. This performance made LINK the best-performing cryptocurrency out of the top 20. Like the price, the trading volume of LINK also increased. 

In a 24-hour timeframe, the volume jumped by 65.13% with its value at $741.50 million. Chainlink’s market cap was $9.94 billion as of this writing. Its total and circulating supply is $1 billion tokens. Out of this, 587.09 million are in circulation. 

LINK can be bought on many exchanges including Binance, Coinbase, Kraken, Bybit, Gate.io, and others. If you intend to buy LINK on a decentralized exchange, you can use Uniswap v3 Since Ethereum (ETH) supports the Chainlink network.

Chainlink (LINK) Price Analysis

So many experts have predicted that LINK would hit a new high. However, it would be a great undoing to go with the forecast without assessing the possibility from a technical point of view. As such, Coin Edition dedicates this segment to looking at the price predictions from 2024 to 2030.

Chainlink (LINK) Price Analysis – Bollinger Bands

According to the 4-hour chart, the Bollinger Bands (BB) expanded, indicating high volatility around the token. A look at the indicator showed that the lower band did not tap LINK’s price, suggesting that the token was not oversold.

However, the upper band of the BB hit LINKa t $16.64 suggesting that the token could be overbought. With this condition, LINK could trade between $15.94 and $16.90 in the short term.

Chainlink (LINK) Price Analysis – Relative Strength Index (RSI)

Indications from the Relative Strength Index (RSI) showed that the momentum around LINK remained bullish as the reading was above the midpoint. Previously, the token was overbought but the decline in the RSI suggests that bulls’ dominance has reduced. 

But this does not imply that LINK would undergo a notable correction. Instead, the price could swing sideways between $15 and $17 for some time.

Chainlink (LINK) Price Analysis – Moving Average Convergence Divergence

Unlike the signals from the RSI, the MACD reading was negative, suggesting that the momentum was starting to become bearish. Furthermore, the 12 EMA (blue) had slipped below the 26 EMA (orange), indicating that sellers had begun to take profits while buyers were lagging.

If this position stays the same, the price of LINK might slip below $15, and a target of $14.50 could be possible before another bounce happens.

Chainlink (LINK) Price Prediction 2024

Since May 14, LINK has produced daily candlesticks indicating the buyers were in control of the token’s direction. Going into the rest of 2024, situations like this might occur numerous times as altcoins are expected to hit higher figures.

Apart from that, Coin Edition analyzed the Supertrend indicator which flashed a sell signal at $15.40. But LINK has been able to surpass that level, suggesting that an appreciation could be likely before the end of the year.

Another indicator analyzed was the Awesome Oscillator (AO) whose reading was positive. This reading implied increasing upward momentum. By the look of things, LINK could hit $37 in 2024.

Chainlink (LINK) Price Prediction – Resistance and Support Levels

Resistance and support levels are important regions to determine targets that the prices of cryptocurrencies can reach. For LINK, Coin Edition looked at the 4-hour chart. According to the structure, there was solid support at $12.94, which was instrumental to the price increase.

However, a resistance appeared at $14.00 which forced LINK’s price back before bulls cleared the path. A rise above this and the $15.15 resistance were crucial to the surge in price, and more upside could be possible.

Chainlink (LINK) Price Prediction 2025

In 2025, LINK’s price might experience exponential growth as a lot of capital might flow into the Chainlink ecosystem. Beyond that, many traditional institutions might also adopt the Oracle network and CCIP for transactions on the blockchain. If this is the case, demand for LINK might surge, and the price could hit $62 in 2025.

Chainlink (LINK) Price Prediction 2026

By 2026, the price of the cryptocurrency might continue to increase. This time, predictions might fly around the LINK could hit $100. But bears might ensure that the price gets rejected despite expected attempts by bulls. From our forecast, the price of LINK could end up at $80 in 2026.

Chainlink (LINK) Price Prediction 2027

The year 2027 could be different from what is expected in 2025 and 2026. By this period, holders of LINK might book profits, and this could cause a significant correction for the token. If this is the case, LINK might drop to $38.50 in 2027.

Chainlink (LINK) Price Prediction 2028

LINK’s price is expected to bounce from the lows of 2027 by 2028. However, this does not mean that the price will cross the height reached in 2026. However, demand for the token might increase while Chainlink’s community could back the global adoption. As such, the price of LINK could reach $71.25 in 2028.

Chainlink (LINK) Price Prediction 2029

By 2029, LINK might eventually hit the prestigious $100 milestone. This could be fueled by an influx of money in the crypto market. Also, Chainlink could maintain its spot of leading the Real World Assets category worldwide. In addition, the trading volume of the token could regularly surpass $100 million daily, suggesting that demand might be enough to push the price upwards.

Chainlink (LINK) Price Prediction 2030

In 2030, LINK might not surge as many participants will expect. Instead, the price of the cryptocurrency might move sideways for some time, undergo a correction, and eventually trade at $112.

Chainlink (LINK) Price Prediction 2040

LINK might rally in 2040. However, the increase might not be parabolic as the project might face some regulatory challenges. Therefore, the price of LINK could hit $135 at maximum in 2040.

Chainlink (LINK) Price Prediction 2050

Chainlink might be one of the top 10 projects in the crypto market by 2050. With this projection, the market cap of the token could hit hundreds of billions. Thus, LINK might hit $225 in 2050.

Conclusion

Chainlink has come a long way since its launch in 2017. At that time, not many expected the token to remain relevant for five years. However, the project has surpassed that and has continued to expand. 

Considering recent developments, LINK looks likely to experience a significant increase in years to come. However, price targets might differ. Therefore, you should do your research.

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