In this guide, we will voice our own and market’s opinion on LINK future while discussing ChainLink price forecast for 2022 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like ChainLink.
Now, let’s head into it. Before we delve deep into the ChainLink price prediction and answer questions if LINK is a good investment or not, why will LINK succeed or fail or why will ChainLink price rise or drop, let’s quickly throw a glance at what is LINK and its to date history.
ChainLink platform acts as a decentralized Oracle network which allows anyone to become an Oracle, aka a provider of a data feed in exchange for LINK tokens. The ChainLink platform includes certification, validation and reputation services that enforce the integrity of the network’s Oracles.
ChainLink is known in crypto circles as a project that keeps things hush until they have something real to offer. They are notorious for their weak communication with the public. The team works hard on building a good product without hype, lines up users that are waiting on its release. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner. It is well known for providing highly secure and reliable oracles to both large enterprises (SWIFT) and leading smart contract development teams.
The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market.
ChainLink Price Prediction
The whole crypto world is on a verge of a full-fledged bear market. Bitcoin has slumped 50% from its all time high amid the broader market drops impacted by raging inflation and US Fed rate increases. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2022, especially in the second part of the year. This is reflected in our 2022 predictions. Right now, Bitcoin needs to find a local bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distanced and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
LINK Price Prediction For The Next 90 Days
Below is a tabular overview of how will LINK develop in the short-term (for the next 90 days), according to our prediction model:
ChainLink Price Prediction 2022
Majority of experts agree that this bear market will last at least for the first quarter of 2022 before we see some stabilization and small trend reversals. CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of 2022:
LINK Price Prediction 2025
Our prediction model sees LINK reaching $ 71.69 in 2025.
What will LINK be worth in 5 years?
The price of LINK in 5 years could lie around $ 55.93, according to CaptainAltcoin’s prediction model.
ChainLink Price Prediction 2030 – 2040
What Chainlink will be worth in 2030?
Our forecasting model sees Chainlink reaching $179.23 in 2030.
What Chainlink will be worth in 2040?
Our forecasting model sees Chainlink reaching $358.47 in 2040.
Will Chainlink replace / surpass / overtake Bitcoin?
No, Chainlink will not replace or overtake BTC.
Can Chainlink reach $100?
Yes, Chainlink could reach $100 by the end of 2025.
Can Chainlink reach $1000?
Yes, it is possible that Chainlink can reach $1000 but only in a distanced future, after 2030.
Is Chainlink worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Chainlink is worth buying.
Is Chainlink a good investment?
Chainlink is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Chainlink be worth?
For the short-term future, it could reach $17.72. In the long-term (8-10 years), it could jump to $179.23 or even higher.
Why will Chainlink succeed and go up in price?
Chainlink has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Chainlink rising up to $179.23 in 2030.
Why will Chainlink fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Chainlink go?
Our forecasting model sees Chainlink price exploding and reaching $358.47 in a distant future.
What is the short-term prediction for Chainlink?
Chainlink will reach $17.72 in the next 90 days, which is a 24.8% change over the current price which hovers around $14.20.
Can Chainlink make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Chainlink millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Chainlink could make you a millionaire.
Chainlink Price Prediction Today - What will be the price of Chainlink tomorrow?
Chainlink will hover around $14.83 tomorrow.
ChainLink Future Outlook
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”
As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will LINK be among those 5%?
High probability of that happening.
First and foremost, Chainlink has built a broad and ardent community that is more educated and patient than most of other “get rich quick” altcoin’s communities where holders only discuss price in a hostile and ill-bred manner.
The ChainLink team is very balanced in their approach to the 3 most important dimensions of every crypto project: technology development, forging business partnerships and community fostering.
There is no competitor to Chainlink that comes close to functionality offered or where they are in-terms of development. Even though there are some concerns with some specific areas of the system, overall it’s clearly a well thought out network that has some great minds behind it.
The initial version of their main-net won’t solve the “Oracle Problem” in its entirety, but it will be a huge step forward in doing just that. The ability to specify multiple oracles to undertake one single request and aggregate that answer back on-chain will still be a first in the crypto world. Then it’s only just a matter of time until we see more of the on-chain mechanisms deployed, but that’s an article for the future.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com