Crypto expert Nick Petisce has shared a bold price prediction for Chainlink (LINK) on X. In his tweet, he notes that this is the first time he has shared this forecast.
Petisce predicts that LINK could surge to a price of about $2,000 to $6,000. This is predicated on detailed financial models and integration with financial institutions like SWIFT.
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Revenue Projections Fuel Bold Forecasts
Petisce’s prediction hinges on revenue estimates derived from Chainlink’s potential integration with financial giants such as SWIFT.
He estimated a daily revenue of $307.8 million solely from SWIFT-related activity, translating to an annual revenue of $110.76 billion. Using this revenue as a baseline, he proposed market capitalization multiples ranging from conservative to aggressive to forecast LINK’s future value.
Assuming a conservative 10x revenue multiple, the market capitalization would reach $1.1 trillion, yielding a token price of approximately $2,044. The market capitalization would quadruple to $2.2 trillion with a moderate 20x multiple, bringing the price of each token to roughly $4,088.
With a 30x multiple, the most optimistic scenario forecasts a price of $6,132 per token and a market value of $3.3 trillion.
Circulating Supply Plays a Key Role
The circulating supply of LINK, currently estimated at 538 million tokens, is pivotal in these calculations. Petisce emphasized that any reduction in circulating supply, such as through staking, could amplify the token’s price beyond his estimates.
Staking mechanisms that lock tokens out of circulation often create scarcity, which can lead to upward price pressure. Petisce’s forecast is based exclusively on SWIFT-related revenue.
However, he noted that expanding adoption by institutions like DTCC or other financial entities could substantially increase annual revenue. This suggests that Chainlink’s ecosystem growth and adoption rates are critical factors in determining the token’s long-term valuation.
Read also: How Much Will 25,000 Stellar (XLM) Tokens Be Worth at Peak of the Bull Run?
Long-Term Adoption Timeline
The analyst acknowledged that achieving the projected adoption and revenue levels would likely take several years. This timeframe reflects the pace of global adoption and integration of blockchain solutions within traditional finance.
Petisce’s forecast highlights the potential for Chainlink to revolutionize financial infrastructure while offering a glimpse into the token’s future market potential.
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