Chainlink (LINK) caught the attention of investors when it hit $52 in May 2021, but many crypto enthusiasts had already had their eyes on this token long before that.
This innovative project enables universally connected smart contracts and does it in a fully secure, reliable, and efficient way. Just like the name suggests, the Chainlink network is used to link chains — it uses a decentralized oracle network to connect external data sources to various blockchains.
Beyond being an interesting project with solid real-world applications, Chainlink is also a worthwhile investment. In this article, we will present our Chainlink price forecast for 2021-2030.
- Buy Crypto at The Best Rate
- Chainlink Overview
- Who are Chainlink competitors?
- Chainlink Price Analysis
- Market Predictions
- Chainlink Future Price Prediction 2022-2030
- Chainlink Price Prediction 2022
- LINK Price Forecast for September 2022
- October 2022: Chainlink Price Forecast
- LINK Price Forecast for November 2022
- December 2022: Chainlink Price Forecast
- Chainlink Price Prediction 2023
- Chainlink Price Prediction 2024
- Chainlink Price Prediction 2025
- Chainlink Price Prediction 2026
- Chainlink Price Prediction 2027
- Chainlink Price Prediction 2028
- Chainlink Price Prediction 2029
- Chainlink Price Prediction 2030
- Chainlink Price Prediction 2031
- Will Chainlink ever reach $100?
- Can Chainlink reach $1,000?
- Can Chainlink reach $10,000?
- Is Chainlink a good investment in 2021 and 2022?
- How much will Chainlink be worth?
- Is Chainlink better than Ethereum?
Chainlink is a decentralized oracle network that was built on Ethereum. Its token LINK is an ERC-677 token, which is an extension of ERC-20. The Chainlink network is used to facilitate secure and reliable transfer of data between off-chain sources and on-chain smart contracts.
Chainlink (LINK) tokens are what feeds the data from off-chain sources to smart contracts. LINK tokens can be stored in any ERC-20-compatible digital wallets, as the ERC-677 standard has the same functionality as the ERC-20 one.
The network is supported by a large number of data providers, node operators, security auditors, smart contract developers, and many others. Chainlink promises decentralized participation for all users that interact with the platform — anyone can become a node operator on the network.
Chainlink’s new whitepaper, which was posted back in April 2021, outlined some new features and capabilities of the network, including but not limited to:
- crypto-economic staking;
- off-chain computation;
- numerous privacy-preserving features.
Chainlink is a rather special project. It was one of the first networks that allowed off-chain data to be transferred to on-chain smart contracts, and its innovative nature has attracted quite a lot of partners and data providers, such as Huobi.
As a cryptocurrency, Chainlink technically competes against the entire cryptocurrency market. As a project, however, Chainlink doesn’t have that many competitors — the three main ones are Band Protocol, API3, and WINKlink.
As the main purpose of oracle networks, such as Chainlink and those three mentioned above, is connecting other projects, making them compatible with each other and the real world, the most important metric for them is the number of acquired partners. And Chainlink is far ahead of its competition: it has ten times as many partnerships and integrations as those three combined. It is undoubtedly the number one oracle network.
Now, let’s take a look at Chainlink price history.
Chainlink is unique as it doesn’t follow the usual altcoin price movements. It didn’t have an explosive start like many other smaller coins or tokens, and it managed to recover from the sell-off that followed its first mooning.
LINK had been unable to overcome the $5 price level for almost two years, actually spending most of that time stuck below the $1 mark. Its first big break came in the summer of 2020: Chainlink managed to hit $19 in August. After that, LINK went through a brief correction period and started rising again at the beginning of 2021.
Chainlink price in 2021 followed the crypto market, rising in mid-spring, reaching its peak in early May, and then slowly but surely declining back to its pre-mooning numbers. However, unlike many other coins and tokens, LINK managed to recover, hovering around the $26 mark now. The current Chainlink price is $27.
Let’s take a look at what industry experts think about Chainlink (LINK) price and its future. Here’s the result of TradingView’s Chainlink technical analysis.
TradingView has a bullish outlook on the token, giving it a “Buy” signal. According to their Chainlink price forecast, this cryptocurrency still has room for growth. Their technical analysis shows that LINK is going to rise in the future.
Gov Capital is also bullish on this token: according to their Chainlink price prediction, LINK has a potential to reach $215 in the next few years. Many other experts, including the ones at Trading Beasts and Wallet Investor, have less optimistic price predictions, but their LINK forecasts are still overall positive — they expect the token to continue rising both in the short and the long term.
According to the technical analysis of Chainlink prices expected in 2022, the minimum cost of Chainlink will be $8.32917. The maximum level that the LINK price can reach is $9.0091. The average trading price is expected around $8.62914.
LINK Price Forecast for September 2022
Based on the price fluctuations of Chainlink at the beginning of 2022, crypto experts expect the average LINK rate of $7.81922 in September 2022. Its minimum and maximum prices can be expected at $7.06929 and at $8.0392, respectively.
Cryptocurrency experts are ready to announce their forecast for the LINK price in October 2022. The minimum trading cost might be $7.67923, while the maximum might reach $8.34917 during this month. On average, it is expected that the value of Chainlink might be around $8.0492.
LINK Price Forecast for November 2022
Crypto analysts have checked the price fluctuations of Chainlink in 2022 and in previous years, so the average LINK rate they predict might be around $8.36916 in November 2022. It can drop to $7.9992 as a minimum. The maximum value might be $8.67913.
In the middle of the year 2022, the LINK price will be traded at $8.62914 on average. December 2022 might also witness an increase in the Chainlink value to $9.0091. It is assumed that the price will not drop lower than $8.32917 in December 2022.
After the analysis of the prices of Chainlink in previous years, it is assumed that in 2023, the minimum price of Chainlink will be around $11.9788. The maximum expected LINK price may be around $14.46855. On average, the trading price might be $12.40876 in 2023.
Based on the technical analysis by cryptocurrency experts regarding the prices of Chainlink, in 2024, LINK is expected to have the following minimum and maximum prices: about $17.0183 and $20.34797, respectively. The average expected trading cost is $17.50825.
The experts in the field of cryptocurrency have analyzed the prices of Chainlink and their fluctuations during the previous years. It is assumed that in 2025, the minimum LINK price might drop to $24.81752, while its maximum can reach $30.21698. On average, the trading cost will be around $25.68743.
Based on the analysis of the costs of Chainlink by crypto experts, the following maximum and minimum LINK prices are expected in 2026: $42.68573 and $36.29637. On average, it will be traded at $37.32627.
Crypto experts are constantly analyzing the fluctuations of Chainlink. Based on their predictions, the estimated average LINK price will be around $52.68473. It might drop to a minimum of $50.81492, but it still might reach $61.60384 throughout 2027.
Every year, cryptocurrency experts prepare forecasts for the price of Chainlink. It is estimated that LINK will be traded between $70.28297 and $88.63114 in 2028. Its average cost is expected at around $72.91271 during the year.
Cryptocurrency analysts are ready to announce their estimations of the Chainlink’s price. The year 2029 will be determined by the maximum LINK price of $125.45745. However, its rate might drop to around $104.36956. So, the expected average trading price is $108.0192.
After years of analysis of the Chainlink price, crypto experts are ready to provide their LINK cost estimation for 2030. It will be traded for at least $148.50515, with the possible maximum peaks at $180.9619. Therefore, on average, you can expect the LINK price to be around $153.90461 in 2030.
Cryptocurrency analysts are ready to announce their estimations of the Chainlink’s price. The year 2031 will be determined by the maximum LINK price of $261.90381. However, its rate might drop to around $222.52775. So, the expected average trading price is $230.22698.
A hundred dollars is actually a rather achievable price for Chainlink. Some experts are predicting that it will hit double that in the next few years, though most don’t see it rising that high. We think that a $100 peak is possible for LINK, but the token is unlikely to stay at that price level for long.
Well, it technically can, but we think that Chainlink price is unlikely to ever reach $1,000. It will require the token’s price to be able to comfortably stay at the very least at the $100-300 price level, which currently seems unachievable.
While everything is possible, it is highly unlikely that the price of Chainlink will ever reach $10,000 — not even the most optimistic LINK price predictions expect that.
Chainlink is a good investment for both the short and the long term. Most Chainlink price predictions expect this token to rise in the near future and stay strong in the next few years, so it seems to be a profitable investment.
It’s hard to say how much exactly Chainlink (LINK) will be worth in the future, but we expect it to strengthen its position and not only rise back up to the $50 price level, but also to possibly cross the $100 mark.
Chainlink and Ethereum are both good projects and good investment options, but Ethereum is slightly better. However, as Ethereum price is unlikely to experience drastic price movements, Chainlink (LINK) will be a better choice if you want to add a “high reward, high risk” type of asset to your portfolio.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.