Since Chainlink was launched to the public in the summer of 2017 by a fintech company (called SmartContract Chainlink Limited SEZC), prominent crypto influencers and armchair observers alike have been speculating on its future price. In this article, we answer the question, what is Chainlink? and discuss the near and long-term Chainlink price prediction for 2022, 2023, 2025, 2030, and 2040.
Table of contents
- What is Chainlink?
- Chainlink Price History
- Chainlink Future Price
- Will Chainlink Reach $100?
- Is LINK a Good Investment?
- How to buy LINK at the best rate?
Chainlink is a decentralized oracle network built on the Ethereum blockchain to forward data from off-chain resources and extend the capabilities of smart contracts. The Chainlink network is driven by a big community of smart-contract developers, researchers, enthusiasts, data providers, auditors, node operators, and other types of users.
LINK, Chainlink’s native coin that powers the ecosystem, is an ERC-20 token secured by the proof-of-stake consensus mechanism. The coin has seen considerable success on the top cryptocurrency charts and currently sits at no.23 on CoinMarketCap rankings.
|Founder||Sergey Nazarov and Steve Ellis|
|Market Cap||~$7.3 Billion|
|Current Supply (Max Supply)||467,009,549.52 (1,000,000,000.00)|
At ICO, LINK was priced at $0.11 and sold about 350 million tokens. Since then, the value of LINK has steadily risen, experiencing its first massive bull-run between mid-2019 and mid-2020. Eventually, LINK reached an unprecedented $52.88 price in early May 2021 on the back of a general crypto market bull run. However, LINK prices have taken a considerable beating since then and currently trade at a $15.56 price (a 70.6% pullback from ATH).
Regardless of the current bear market, the general future outlook of LINK is bullish because of its ample room for growth. As a result, speculators, experts, and even mods on chainlink price prediction Reddit are confident and expect an overall positive forecast for LINK’s performance in the crypto market.
LINK has had a rough year so far, continuing to follow a downtrend that started in January. However, several speculators are touting the coin to recover in the coming months. TradingBeasts, a crypto forecast site, expects LINK to end the year with a price of around $23.692. Also, WalletInvestor predicts $30.793 as the 2022 price target, while Libertex is more bullish with a maximum price prediction of $52.
With innovative upgrades expected to come to Chainlink in the coming months, there is a reason for LINK investors to be bullish about the future. Consequently, there is a positive outlook from several speculators. Among them is Changelly, predicting that LINK will hit the $100 benchmark price by 2023. However, TradingBeast is not convinced and predicts very little increase to LINK’s current price, predicting a less flattering price of about $17.
LINK predictions for 2025 remain positive. Several speculators and experts expect the coin to cross the $100 price mark at some point in the next five years. Changelly expects at least a $150 price value, while CryptoGround expects a more modest $76 based on its forecasts and algorithmic analysis.
Speculators and experts are optimistic about the next ten years for LINK. They expect the coin to transcend the volatility of the crypto markets and still retain a positive price by 2030. Also, since LINK is heavily-connected to Ethereum, its performance is expected to be similar to other big coins in the market, such as Bitcoin and Ethereum. As a result, we expect LINK to be worth around $200 by 2030.
Predicting crypto prices twenty years into the future is a massive gamble because of concerns of high inaccuracies. However, as long as cryptocurrency markets are still running and Chainlink’s developers continue with their current pace of growth, the LINK price and market cap are expected to keep growing. As a result, we predict LINK will be worth more than $300 by 2040.
Yes, there are various predictions that suggest LINK will reach $100. Most speculators predict that LINK will hit the $100 benchmark within the next five or ten years.
Is LINK a Good Investment?
LINK has a close connection with web3 development, being an ERC-20 token that facilitates the secure connection of smart contracts on the Ethereum blockchain. As a result, LINK has ample room for growth and can be regarded as a good investment.
How to buy LINK at the best rate?
Need to buy LINK on an exchange? Look no further, Swapzone is one of the best exchanges to buy LINK in the market. We provide real-time swap offers and discounts. Here’s how to buy LINK coin or convert ETH to LINK:
- Visit the Swapzone website.
- Select the proper pair (ETH to LINK).
- Enter the amount of ETH you want to exchange for LINK, and the aggregator will find the best offers available for you.
- Click the ‘Exchange’ button to go to an exchange platform
- Input the address where you want to send the LINK coins.
- Send your money to the address you typed in.
- Go to ‘Proceed to Exchange’ and, if you want, leave a review of the website where you completed your exchange.
- Allow for the processing of the deposit and the completion of the LINK exchange.
- Your coins should be in your wallet once the process completes.