Chainlink Price Prediction – Chainlink Forecast 2021, 2022, 2025 & 2030

By September 16, 2021DeFi
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If you are interested in the realm of cryptocurrency, the chances are that you’ll be well aware of the potential that smart contracts have. However, although smart contracts have many real-world benefits, they still have some potential issues that require solving – and Chainlink is a platform that aims to solve these in an innovative and streamlined manner.

In this guide, we cover our Chainlink Price Prediction in detail. We’ll explore what Chainlink is and how it functions before discussing where you can buy Chainlink today – with 0% commissions!

chainlink
chainlink

$ 31.16

Chainlink Price Prediction 2021 to 2022

If you are looking to buy Chainlink UK, this article will highlight all of the vital information you need to know before making your investment. However, if you are just looking for a quick overview of our Chainlink stock forecast, look no further. The bullet points below present the key findings of our Chainlink prediction 2021, helping you make an informed investment decision.

  • One Month – After a significant drop in mid-September, the Chainlink price live has recovered quickly and is now heading back up. Should this momentum continue, Chainlink will likely reach the $40 mark over the next month.
  • Three Months – If the Chainlink price can break the upcoming resistance level, then the price will have a clear path towards May’s highs. This would give Chainlink a valuation of $52 within the next three months.
  • Start of 2022 – There will likely be some significant resistance around the $52 level, as this represents an all-time high (ATH) for Chainlink. However, if the level was broken, there’s scope for the price of LINK to push into the $60 region by the beginning of next year.

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Chainlink Price History – the Story of 2021 So Far

The emergence of smart contracts has been a massive reason that people buy Ethereum (ETH), as these contracts allow developers to build decentralised applications (dApps) that can shape industries. However, smart contracts do require real-world data, which can be tricky given their nature. Chainlink helps to solve this problem effortlessly whilst still retaining the decentralised nature of the ecosystem.

Chainlink is known as a decentralised blockchain oracle network and is constructed on Ethereum. The network’s native token, LINK, is what you’ll be investing in if you purchase it from a broker or an exchange. Chainlink allows smart contracts to receive data from ‘off-chain’ sources in a format that the contracts can read, allowing them to perform various useful functions.

Due to the decentralised nature of smart contracts, it’s difficult for them to get data from real-world sources. For example, a smart contract based on stock trading needs to gather data from the stock market to function correctly. Chainlink allows this to happen through its network of ‘oracles’, which are computers that can access real-world data and transfer it to smart contracts in a manner that they can read.

When these oracles perform data transfers, they receive LINK tokens in return. The more LINK that an oracle has, the better its reputation for providing accurate data. Furthermore, LINK is also staked by oracles to show their commitment to the Chainlink system. Overall, there is a maximum amount of 1 billion LINK that can be produced.

Due to the service that Chainlink provides, the network has become very popular in recent years as more and more platforms have appeared that make use of smart contracts. In addition, due to more and more people looking to invest in Cardano (ADA), the chances are that smart contracts will become even more prevalent – which is excellent news for the Chainlink developers.

Between June 2020 and May 2021, the Chainlink price rose a staggering 1042%. However, the bearish momentum in the crypto market in early May caused Chainlink to drop dramatically. In just a few weeks, the Chainlink price dropped from $52 to $13 – a decline of 74%.

However, since July, Chainlink has been on the rise. The current Chainlink price is up 132% from July’s lows, highlighting this altcoin’s resilience. There was a steep drop in early September due to Bitcoin’s issues with its rollout in El Salvador. This drop seems to be short-lived, as Chainlink is well on its way to returning to that level – and potentially beyond.

Chainlink Price Forecast

Now that you understand what Chainlink is, let’s take a look at our Chainlink forecast for the upcoming timeframes. When you invest in Chainlink, it’s a good idea to consider the various factors that influence the price. With that in mind, this section will explore the technical and fundamental elements to look out for going forward.

Technical Analysis

A quick look at the Chainlink price chart will show you that price hit a strong resistance level around the $35 mark recently, which price was also rejected from in May 2021. This area has prompted an immediate retracement each time it has been met, so investors should be wary as price approaches here again. Time will tell if it can be broken, although if it does, there is a clear path back to the highs of May 2021.

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On the other hand, if the price does go down, chances are it’ll head to the support level of $16. This level has propped up the price quite well in the past and would be unlikely to be broken unless there was some very negative news surrounding Chainlink (or the broader cryptocurrency market in general). If price were to go down here and reject, that could be an ideal place to invest.

Overall, the clear upwards trend on the daily chart with higher-highs and lower-lows is a good sign for speculative investors. Either way, it’s essential to be patient and wait to see if the upcoming resistance breaks before placing an investment.

Fundamental Analysis

At the time of writing, Chainlink has a market cap of $14.2 billion, as reported by CoinMarketCap. This makes Chainlink the 13th largest cryptocurrency globally, which is impressive given that it isn’t used for peer-to-peer transactions. There was also over $2 billion of trading volume within the last 24 hours, highlighting how popular this digital coin is with crypto traders.

Overall, Chainlink’s use case has tangible real-world benefits for many platforms based on Ethereum’s blockchain. Notably, decentralised finance (DeFi) projects will require a service like Chainlink’s, as these projects need up-to-date financial data to function correctly. As they cannot retrieve it themselves due to being ‘on-chain’, another network such as Chainlink can step in and help out.

An investment in LINK might be wise if you are looking to gain exposure to the broader area of smart contracts. If Chainlink can become the ‘go to’ network for smart contracts providers, it’ll have a fantastic effect on price. Due to this, our Chainlink prediction for the months and years ahead is very encouraging.

Chainlink Price Prediction 2025 – Long Term Outlook

As you’ll be aware by now, Chainlink has some attractive benefits for developers, making it an essential part of the smart contract ecosystem. At the time of writing, no other network has come close to Chainlink’s system in terms of providing data, making the network the dominant force in the segment. This is excellent news for Chainlink investors, as it’ll allow Chainlink to receive the best partnerships and generate more momentum.

Many people within the cryptocurrency industry believe that Chainlink is significantly undervalued at present. Without its service, smart contracts would have difficulty functioning. Furthermore, due to Chainlink’s innovative system, the data provided to smart contracts is highly accurate – all node operators on the network have a reputation score, so nodes with bad reputations are discarded.

In addition, data requests from smart contracts will be filled by numerous nodes, which Chainlink will then aggregate to arrive at the ‘true’ data. So, if 80% of nodes say one thing and 20% say another, the data that the majority has provided will be chosen. This ensures that data transfers are as accurate as possible.

Putting all of this together means that our Chainlink price prediction 2025 speculates that the future will be great for this network. As more smart contracts platforms are created, the need for this service will continue to grow. In turn, this will increase the value of the LINK token. For that reason, we believe that Chainlink could grow to $80 by 2025.

Furthermore, our Chainlink price prediction 2030 is similarly encouraging. By this point, platforms such as Ethereum and Cardano should be well-established within the sector, and smart contracts should be much more prevalent than they are currently. Due to this, we estimate that the price of Chainlink could be valued at $120 by 2030 – representing a 277% increase from today’s price.

Chainlink Price Chart

Similar to when you buy stocks, the external factors that affect a platform will be translated into movements on the price chart. Our Chainlink forecast has highlighted the key elements to be aware of over the long term, which is important to note because there will likely be short-term volatility in price. This is the case with all cryptocurrencies, as the market tends to be more volatile than equity and bond markets.

This is evidenced by the significant drop that occurred in May 2021. However, as you can see from the price chart, the Chainlink price has recovered well. After a decline like this, there’s always a chance for an asset to trade sideways for an extended period – which wasn’t the case with Chainlink.

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The ideal spot to invest would be around the $16 level, as this level has proven to be strong support in the past. Price has been rejected from here around five times previously, so any investments around this area could have a high chance of generating a return. However, if the price breaks the resistance around $35, that’ll provide another buy opportunity to push back towards all-time highs.

Where to Invest in Chainlink

Before rounding off this article, let’s look at the process you need to take to buy Chainlink UK. As you can imagine, the rise of cryptocurrency over the past few years has meant more tradeable currencies now than ever. This also means that there are so many brokers to choose from, which can be pretty overwhelming if you don’t know where to start.

Luckily, we’ve completed extensive research and testing in this area and concluded that eToro offers the best platform for investing in Chainlink. Firstly, eToro is a heavily regulated broker and has over 20 million users around the world. In addition, due to FSCS protection, if eToro were ever to go bankrupt, your capital would be protected up to £85,000 (if you were a UK-based trader).

One of the main reasons we recommend eToro is due to the attractive fee structure they offer. Users can trade Chainlink (and a selection of other cryptos) without having to pay a penny in commissions. This is also the case if you wish to trade different assets besides cryptocurrencies, making eToro one of the best CFD brokers when it comes to fees.

eToro users can fund their accounts from as little as $50 (£37), far less than some other cryptocurrency exchanges. Deposits are accepted from various methods, including credit/debit cards, bank transfers, and e-wallets. Notably, eToro accepts PayPal as a deposit option, making them easily accessible for most people.

Finally, eToro offers a handy crypto wallet for you to store your holdings. This wallet employs advanced encryption and is completely free to use. Furthermore, you can even exchange one crypto for another directly within the wallet – which saves you from having to convert it to USD and then back again!

Chainlink Price Prediction – Conclusion

In summary, this Chainlink price prediction has covered all of the bases when it comes to the Chainlink network and the token’s future. Chainlink is an innovative and valuable resource for smart contract developers, making the LINK token a great asset to speculate on. Although the investment horizon for this asset might have to be long term, now could be the ideal time to add LINK to your crypto portfolio.

If this Chainlink forecast has made you consider an investment in the token, then we’d recommend using eToro. eToro is regulated by the FCA, ASIC, and CySEC, ensuring a safe place for people to trade. What’s more, eToro doesn’t charge any commissions whatsoever and allows deposits from only $50.

67% of retail investor accounts lose money when trading CFDs with this provider.

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