Chainlink invaded the crypto market in 2019, and by now it's hard to imagine the world of crypto without it. Just after the corona crash of 2020, you could buy the corresponding token, LINK, for 1.23 €. And now?
The past few years, Chainlink turned out to be a wonderful investment. But what do we expect of the future? You can read it in this article.
Should you buy Chainlink or is it better to wait? Below we give you the short-term projections of Tradingview:
Chainlink price prediction 2022
According to analysts, LINK will keep on rising slowly in 2022. By the end of the year, Chainlink will reach a price of 43.97 €, an absolute price record. Is this really attainable? It largely depends on when staking will be announced. Staking means you fix your cryptos on certain exchanges to provide them with liquidity, and you are rewarded with more crypto.
Chainlink forecast between 2023 and 2025
In the years afterwards, Chainlink will continue on its nice upwards trend. LINK closes 2023 with 54.15 €, but according to Coinpriceforecast, we can add another 10 € to that exchange rate in the next year. These analysts predict that LINK will reach an all-time high of 72.81 € in mid-July 2025. After that, the exchange rate will decline a little bit, and Chainlink will conclude 2025 with a value of 66.19 €.
|Year||June||December||% compared to the start of 2021|
|2023||€ 53,86||€ 54,15||487%|
|2024||€ 57,99||€ 65,45||610%|
|2025||€ 72,81||€ 66,19||618%|
|2026||€ 72,15||€ 78,05||747%|
|2027||€ 83,90||€ 89,71||874%|
|2028||€ 95,48||€ 101,21||998%|
|2029||€ 106,90||€ 106,90||1.060%|
|2030||€ 112,25||€ 95,74||939%|
|2031||€ 100,05||€ 104,34||1.032%|
|2032||€ 108,61||€ 112,86||1.125%|
|2033||€ 117,09||€ 121,31||1.217%|
Historical price analysis of Chainlink
What has happened with Chainlink's exchange rate over the years? An overview:
Chainlink was born with an ICO in 2017. ICO stands for Initial Coin Offering, a kind of crowdfunding for crypto projects. By participating in an ICO, you as an investor could be one of the first proud owners of new cryptocurrencies. What was the price of LINK at the time? No more than 0.09 €.
With such a low initial value, the price can only go up. By the start of January, Chainlink pushed through the barrier of 1 € for the first time. But after that, the price went down hard. In June 2018, a single LINK only cost 0.14 €. By that time, the entire crypto market was in a bear market, a period of long-term price decline.
Oh, if only you had bought coins back then! Fastforward to one year later. Google announced they were going to use Chainlink's technology in Google Cloud. This news caused a lot of enthusiasm: the price rose almost vertically, to over 3 €.
But then the entire crypto market declined in value, and Chainlink was no exception. In September, LINK was only worth 1.41 €.
The corona crash had a huge impact on all cryptocurrencies. That went for Chainlink as well: the coin declined to a low of 1.23 €. In hindsight, this was a perfect moment to buy LINK once more.
By the end of July, it was announced that China's national blockchain network BSN would use Chainlink's technology. And, typically for the crypto market, LINK skyrocketed right after this news became public. In just 1.5 months, the exchange rate rose to over 16 €!
After this, LINK's price plummeted, with a low of 6.56 € in September. In the months after that, Chainlink slowly crawled sideways, closing the year with a price of around 9 €.
Will Chainlink rise in 2022 - 2025 ?
Prefer to watch a video? Check the projections for Chainlink for the next few years here.
Chainlink is a promising coin, but be mindful that the crypto market is very volatile. That's why you should never invest more than you're prepared to lose. We also recommend you do your own research as well. Good luck!