Sirwin
Sirwin

Chainlink Price Prediction: How High Will LINK Go? 🚀


Hello everyone, today I'm going to talk about the Chainlink price prediction that is realistic for this market cycle. There are many 3 figures predictions that could be correct. There are a few 4 figures predictions, well if you saw that it is time to change channel :D. This is actually the toughest one to predict because LINK doesn't play by the same rules as the rest of Crypto. So I will try to show you a few realistic scenarios based on charts.

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The live Chainlink price today is $32,40 USD with a 24-hour trading volume of $1 102 318 201 USD. Chainlink is down,40% in the last 24 hours. The current CoinMarketCap ranking is #10, with a live market cap of $13 526 321 936 USD. It has a circulating supply of 417 509 556 LINK coins and a max. supply of 1 000 000 000 LINK coins.

 

On my last prediction with ETH I speculate that the peak of the All Crypto Market Cap will be around 8-10 Trillion, which means that in this situation we have still big space to go (4-5x). The Chainlink price is currently $32, so if the peak will be around 10 Trillion the price of Chainlink will be around $150. Yet another factor that can define price is Market Dominance. Market Dominance of Chainlink is 0,69%. Well, that doesn't tell us much, but I actually found a very interesting "chart".

 


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There are lots of speculative Chainlink price targets, but what would it take to hit those targets? This chart gives some rough estimates of possible future prices of LINK at different coin ranks (and their % dominance), depending on the total Crypto Market Cap. As we can see with an 8 Trillion Crypto Market Cap and 0.8% Market dominance we can get $171.43 Chainlink. We need to remember that this is only speculation but, to be honest very possible in my opinion. Also, it is really fun to see what could be the price of Chainlink with 45% of market dominance :D

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Let's look at LINK/USD chart. We can see that Chainlink doesn't play by the same rules as the rest of Crypto. Well, we might start to wonder where is a bear market in 2019? LINK was putting in a new ATH in 2019 and went up and up from that so the data has suggested that LINK doesn't play by the rules of the market cycle, which is why it really hard to predict where the price of Chainlink could go. There is a possibility that the price of LINK will adapt to the market cycle which means that it will still go up, but also there is the chance that the price might go down for a little bit and after that might go up.

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If we look at The LINK/BTC valuation we can see that it also tends to just generally go up during the bear market and the accumulation phase and the last bull market. It was only in this bull market that you can see that LINK/BTC valuation has taken a hit and we don't really know how LINK going to behave in a BTC bull market. We have never experienced it. As we can see Chainlink peak was around 0.0017 BTC in August 2020 and then as we know Bitcoin started growing from $10,000. It is nothing special because many altcoins had the same direction as CHainkLink, but after December most of them started to go up and up, and Chainlink as we can see still "underperforming". We can assume that at the end of this cycle market the price of LINK can back to our previous ATH which gives us $255 LINK (i assumed that the price of Bitcoin will be around $150,000) which is really unrealistic because based on our previous chart the Market dominance will be above 1%. It is unrealistic because there are a lot of valuable assets so the question is why people should choose Link instead of ADA or BNB for example or something with a smaller Market Cap that has more potential to grow.

 

Conclusion


Overall I'm looking towards the summer as a potential time for a LINK to shine. I don't think that we might see something crazy in April or May. Obviously, there is only pure speculation. Whenever Bitcoin is not overly bullish we will see if LINK can get back on track or if in fact, it's going to start a new trend where it does something completely different against this bull market. In the world where ChainkLink will behave same as other alts in this bull market, I can see 3 figures LINK. It could be $100 or even $300. My prediction is $150 which is very realistic if nothing goes wrong, but remember this is only speculation so anything could happen.

 

Have a nice day :)

 

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Fizz on my Jayce
Fizz on my Jayce

Crypto trader & Investor. I show my opinions, trading tips, and nothing is financial advice.

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