It has been a long time since we are watching the crypto market fall. The market has been down for a few months, and now the investors are thinking about whether it is the right time to invest in it or not.
Many researchers have said that this is the recession period and not only the Crypto market, but all the markets are suffering from the same. If you have invested your money in Chainlink and looking for the price predictions of this coin, then fortunately you have landed at the right place. Here we would be discussing the price prediction which Chainlink is expected to reach by the year 2030.
We all know that Chainlink comes under the category of Fiat currencies. And in this recession period, all of the fiat currencies have experienced a fall in their price. Due to this reason, the price of Chainlink has also deteriorated a lot. But many experts say that this is the right time to invest your money in Chainlink coin.
It is expected that the coin would be providing high returns to the investors in the next few years. Along with that, people always wait for the recession period in the Crypto market so that they would be able to buy them at lower rates.
Let us have a look at some important things which you should know before you start investing in the Chainlink (LINK) coin. This coin is not having any regulatory framework like the other coins; instead, it has its own objective which is to begin smart contracts which it is able to do very easily.
Sergey Nazarov was the founder of this coin and Steve had been named as its co-founder. This coin was found by both of them towards the end of the year 2017. As a result, the coin was made available to most of the crypto investing applications by 2018.
More than 1 billion LINK tokens have been traded successfully till now which have a value of 32 million US dollars. This shows us that the coin has been a huge success in today’s date. But it has been a time since the investors have seen a profit in the same.
In the last 7 days, its price has fallen by more than 10% which makes the investors worry about the returns they would receive in the near future. This is not a thing to worry about as the entire crypto market is going through a recession.
If we have a look at the all-time low value of this coin, it is having an all-time low of 0.12 US dollars and also an all-time high of 52.88 US dollars. Along with that, the Return on investment that this coin has provided to the investors is more than 3500%. This shows us that Chainlink (LINK) can be a good investment and is also having a good return potential in the near future. It should be noted that the LINK coin follows the ERC 20 network chain which shows us that it is secure.
Chainlink: Chart Analysis
Now we would be doing a chart analysis of the Chainlink (LINK) coin. If we have a look at the current price of the Chainlink coin, it is around 5.94 US dollars and has fallen in the last 24 hours. It’s market capitalization has almost reached 3 billion dollars and in the last 24 hours, it’s traded value reached 378 million US dollars. This data shows us that the LINK coin is much in demand these days as people have now understood that this coin is having a good potential in the market.
When the year 2022 started, the price of LINK tokens was somewhere around 19.5 US dollars. After that we all know that the Crypto market came through a recession phase due to which the market price of the coin has fallen gradually.
If we compare the value of the coin at the start of the year from the value it is having now, it can be seen that the value has decreased by more than 75% till now. But before the fall of the coin, it even experienced a rise as it went up to 29 US dollars by the middle of the year. Now the investors are confused whether they should buy this coin or not.
People are not having a detailed look at the same due to which they are now in a hurry to sell all the LINK coins which they have. This might be the biggest possible mistake they would have ever made.
The entire crypto market is going through a fall and not just LINK tokens are experiencing the same. And we all know that the market cannot be down for a long time due to which it is strongly recommended to invest in the market for a long time to see good returns on your investments. Along with that, the recession period is probably the best time to invest in such coins which have good potential.
ChainLink Coin Prediction 2030
If you have invested in Chainlink coin and are looking for the predictions about the coin price till 2030, then this is the most important section for you.
The experts have made perfect analysis of the price chart to predict the price which the Chainlink or LINK token would reach by 2030. It has been predicted that the minimum price which it’ll reach will be around 85 dollars. And the maximum price would be somewhere above 100 US dollars.
In the year 2021, the market boom helped Chainlink to reach its all time high of 52 US dollars. Since then it has been a long time that the investors have seen a sudden boom in the price of the same. Many people have also interviewed the coin developers and the team working with the coin.
The developers said that they are just waiting for the bearish phase of the market to come to an end so that they would be able to recover the price which they had already reached before in the bullish period. Although it might take some time, but they have assured that they’re just waiting for the bearish phase to end and would be putting their full efforts to increase the coin price.
Q1. Is Chainlink worth buying?
Chainlink has been showing high returns on investments for a long time. Because of this reason, it can be said that Chainlink will definitely be a great investment for the future.
Q2. Will Chainlink cross its all-time high in the next 1-2 years?
According to the studies by market researchers, it is nearly impossible for Chainlink to cross its all-time high value of 52.88 US dollars in the next 1-2 years. It has been predicted that Chainlink will cross the same path after 2025.
Q3. What is the highest price Chainlink can reach by 2030?
Market researchers have performed data analysis which shows that the maximum price Chainlink is predicted to reach by 2030 is nearly 100 US dollars. This means it will be able to set its new all-time high record.