The LINK price has corrected almost 90% from its all time high of $53 to a current 2022 low of about $5.50 (hit the day of the LUNA crash, May 12th), before bouncing back over $7.50. Some investors are wondering – Will Chainlink recover and go up in 2022? Is LINK a good investment now?

In this guide we’ll speculate on a potential LINK price forecast for future years based on its applications and utility. Many of its loyal community of ‘LINK Marines’ are still bullish long-term on the Chainlink project.

They helped the price of LINK rise from under $1 in 2019 to over $50 by May 2021 – in fact the LINK ATH of $53 was hit on May 10th 2021, almost exactly a year before the current LINK bottom.

Chainlink Price Prediction – Overview

  • LINK has a market capitalization of $3.5 billion as of June 2022 (down from $5 billion in Q1 2022), and a fully diluted marketcap of $7.5 billion. It is ranked the #27 largest crypto asset by market cap.
  • Chainlink is becoming one of the go-to oracle networks. Over 19,000 people are currently acting as Chainlink’s Node Operators or available to. With that activity behind the scenes, the bearish price action may find a bottom in 2022. The current 2022 high of $28 – $29 could be retested by 2023.
  • The LINK price could retest its ATH of $53 in the run-up to the 2024 Bitcoin halving – the 2020 halving was followed by the 2021 bull run in which the total crypto market cap hit $3 trillion and most altcoins rose in valuation with it.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

Chainlink Price History

The LINK project’s ICO was a huge success, with $32 million worth of tokens being sold in just over one month. Investor interest was high in the Chainlink developers’ aim to connect public blockchains with other data sources.

Chainlink enables smart contracts to access off-chain information from markets, events or payments via an oracle service which broadcasts this update in real-time onto the blockchain seamlessly without disrupting either party’s existing system of record.

Chainlink price prediction

The Chainlink network links together data providers and smart contracts, making it easier for users to access information on the blockchain. To do this they must join an already existing but decentralized system that consists of nodes run by common people.

Through staking Chainlink those same operators can then earn rewards by putting their own tokens into fulfilling demands within any given contract.

Chainlink’s Mainnet Launched on Ethereum on June 1

The first billion tokens were circulating in September 2017. For over two years, the token’s price mostly traded sideways under $1, until new partnerships with Google Cloud and Polygon Network pushed connection prices up to nearly five dollars.

Chainlink price chart

Chainlink price chart June 2022

In mid 2020, new partnerships continued to be made that caused Link’s price to pump over $20 for the first time. During the 2021 bull run when Bitcoin moved from under $10k to over $60k, it doubled in valuation again, before a volatile retrace back to previous support levels around $14 – $15.

At the time of writing the price of LINK is trading around $7 – $8, due to FUD (fear, uncertainty and doubt) in the stock markets, and BTC being correlated to the SPX. Bitcoin lost the $30,000 support level in May 2022, although it then reclaimed it – the LINK price is still mostly flat however.

The Chainlink price chart shows three levels of resistance for the short term:

  • Resistance level 1 (R1) – $11 (May monthly open)
  • Resistance level 2 (R2) – $17 (April monthly open)
  • Resistance level 3 (R3) – $29 (2022 yearly open)
  • Resistance level 4 (R4) – $35-38 (high point of last bullish impulse move)

Chainlink Price Prediction 2023

In the bullish case for LINK, if it sees mass adoption and the retail interest in crypto seen in 2021 returns in 2023, LINK could hit $50 again driven by FOMO and hype. Unlike some ‘meme coins’ LINK can back up a price rise with its utility and technology.

Chainlink worth buying

Chainlink smart contract features

With little similar competition, Chainlink has an advantage over most other tokens in its class and sector. Its functionality is market-leading and the network behind it provides Proof of Authority consensus – Chainlink is a well-thought-out blockchain and in time the LINK price could reflect that again.

Chainlink Price Forecast Long Term Outlook – 2025 Prediction

The next Bitcoin halving is estimated to take place in early 2024 and could result in another crypto bull run, as the previous one did. Chainlink still has a wide user base, fan following and isn’t seen as a dead or abandoned coin unlike some crypto projects.

This early 2022 video from a crypto trader on Youtube goes into the on and off-chain data and ecosystem growth of Chainlink, and the increasing levels of developer adoption.

Chainlink is listed on major crypto exchanges like Binance and eToro, so the trading volume needed to hit new all time highs and enter price discovery will be there.

That Chainlink technical analysis video goes into how on a high-timeframe (HTF) chart the LINK price is in a descending channel pattern.

He had price targets in the $27 – $32 range in the short term although those may now have become long term price targets, as the Terra (LUNA) crash caused a sell-off in many DeFi projects.

Timothy Peterson of Cane Island Alternative Advisors made a very bullish Chainlink prediction – saying its market cap could be $1 trillion one day although it could take ten years – by 2030, as he made that prediction in 2021. Although he said that around the height of the LINK bull run and hype cycle.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

Potential Highs & Lows of Chainlink

At a price of $100, the LINK market cap would be just under $50 billion – still outside the top 5 crypto assets, but back within the top 10 where it has been before.

Year Potential High Potential Low
2022 $35 $3
2023 $55 $10
2025 $100 $48

What is Chainlink Used For?

Chainlink is a decentralized oracle network that enables non-blockchain entities to connect with blockchain platforms and ’empowers enterprises to capitalize on innovation in the smart contract economy’ according to the official Chainlink website.

Enterprises can also access other blockchain networks like Ethereum or Solana besides Chainlink. The Chainlink blockchain uses hybrid smart contracts that help in automating key functions in enterprises – meaning these contracts make use of certain information and execute transactions automatically when certain conditions are met on the blockchain network.

Chainlink also enables exchange of messages or token across different blockhain platforms. Chainlink’s native token “LINK” can be used by clients who want access services from the marketplace including inspection & analysis requests.

Staking & Speculation

The LINK token is an important token in the cryptocurrency world as it allows contract holders to use their tokens to pay Chainlink node operators for providing data. Prices are set by each individual market based on demand and current pricing in that area.

LINK staking in the network is a common practice for Chainlink node operators. Node operators deposit LINK with Chainlink in order to show their commitment and incentivize good service.

Those who contribute to the security of the network by securing it with their nodes are rewarded in LINK. They get paid as Bitcoin miners do, but they don’t need expensive equipment or power plants besides an internet connection.

In the event that LINK tokens are used to fuel market liquidity, they will be burned by node operators. The amount of these burnt coins is determined through a scoring system that takes into account their contribution towards improving conditions on the network as well how many were exchanged for them during public sales in 2017 (35%).

Smart Contracts

Here’s how Chainlink works on a blockchain that’s compatible with smart contracts:

  1. The smart contract submits an RFI.
  2. An event is created on the blockchain by Chainlink Service Level Agreement Contract, which is the Chainlink protocol and Chainlink SLA Contract, a smart contract.
  3. The variables are Chainlink Reputation, Aggregating, and Order-Matching. The Chainlink Reputation Contract requires each of these providers to evaluate the performance and validity.

Chainlink Partnerships

  • Chainlink and the Polygon (Matic) network have come together to empower Matic’s Plasma scalability capabilities – providing powerful new ways to build, test and deploy apps at scale
  • Chainlink and Reserve are  working on a new data feed that will allow the development of smart contracts and stable coins
  • The Oracle network will be used by Hedera Hashgraph for smart contract development
  • Chainlink and DApps Inc. partnered to offer smart contract management with real-time and precise data to Salesforce users
  • Totle’s integration of Chainlink ensures the availability of Aggregated DEX Data to smart contracts
  • An announcement was made to create an esports and ‘Sports Oracle’ service for BetProtocol’s gaming platforms
  • In June 2022 it was announced the Chainlink oracle network would be incorporated into Solana

Where to Buy Chainlink

eToro is our recommended platform to buy LINK. It is one of the most popularly traded coins on eToro since its listing in April 2021.

eToro is a social trading platform that allows users to open an account for only $10. Users can deposit funds via credit card, debit card, or bank transfer in order for them to start trading immediately. There’s also the option to buy Chainlink with PayPal as well.

etoro platform cover photo

eToro provides a demo account if you’re new and want to paper trade with no risk before risking real money on trades yourself.

eToro offers one of the best crypto wallets on the market, which is free to download and use on Android and iOS devices. Thanks to its advanced standardization protocols, you can now store your Chainlink holdings safely for the long term.

Pros

  • Free demo account and crypto wallet
  • Regulated by the FCA, ASIC, CySEC
  • Over 60 cryptos available to trade
  • Accepts PayPal deposits, credit cards

Cons

  • Currency conversion fee for non-USD deposits
  • Small inactivity fee applies

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

Is Chainlink the Best Crypto to Buy in 2022?

If you’d rather invest in a low market cap coin with more potential upside both in the short term and long term, another crypto we’ve reviewed often on this site is Lucky Block.

Lucky Block is a blockchain-based crypto games and competitions platform, running on the Binance Smart Chain. Its market capitalization is currently only $66.7 million, much lower than Chainlink’s $3.5 billion – making it easier to have a bull cycle.

On the price chart it may have found a bottom in May 2022 around the time of the LUNA crash – Chainlink may also have too. However the upside potential is higher on a low cap crypto project.

Lucky Block price chart

Lucky Block price chart

On May 31st 2022 Lucky Block successfully held its first decentralized crypto jackpot draw on its new web app, giving away two $1 million prizes.

One was awarded to an entrant in its main draw which is played by either holding LBLOCK tokens ($500+) for a free ticket or purchasing direct tickets, and a second prize to an owner of one of its collection of 10,000 non-fungible tokens (NFTs) – the Platinum Rollers Club.

LBLOCK token holders and NFT holders also earn passive income through partial jackpot prize-pool redistributions – the more tokens held, the higher the potential rewards.

To buy LBLOCK, follow these steps for Pancakeswap or visit LuckyBlock.com to buy directly with fiat payment methods like a bank card.

  • Step 1 – Set up a Crypto Wallet – Download a BSC-compatible crypto wallet, such as MetaMask or Trust Wallet
  • Step 2 – Buy BNB – Load that wallet with Binance Coin (BNB) from a crypto exchange such as eToro
  • Step 3 – Connect Wallet to PancakeSwap – Visit the PancakeSwap.finance homepage and click ‘Connect Wallet’. Follow the instructions on-screen to link your wallet.
  • Step 4 – Buy Lucky Block – Enter the contact address (0x2cD96e8C3FF6b5E01169F6E3b61D28204E7810Bb) and choose BNB to make the exchange. Select the amount of BNB you want to swap for LBLOCK.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

Conclusion

The current financial systems has issues with stability and security – decentralized finance aims to solve those problems and Chainlink has achieved mainstream brand recognition as a leading DeFi project in that sector.

LINK is listed at major crypto exchanges like eToro, Coinbase and Binance with high trading volume so could flip bullish and breakout to the upside.

Investors might consider buying at the low LINK price today as a long term investment, diversify into other popular DeFi coins like Avalanche, DEFC and Fantom, or consider some low market cap projects like LBLOCK which we also wrote a price prediction forecast for on this site.

Next 10x Crypto - Lucky Block (LBLOCK)

Our Rating

Lucky Block
  • Listed on LBank, Pancakeswap - Trending in 2022
  • Crypto Games Platform - luckyblock.com
  • Donations to Charity
  • Free Ticket to Jackpot Draws
  • Passive Income Rewards
  • Worldwide Competitions
  • 10,000 NFTs Minted - nftlaunchpad.com
Lucky Block
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

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