Chainlink (LINK) Overview
| Cryptocurrency | Chainlink |
| Ticker | LINK |
| Current Price | $26.74 |
| Price Change (30D) | 99.65% |
| Price Change (1Y) | 57.83% |
| Market Cap | $16.76 Billion |
| Circulating Supply | 626.85 Million |
| All-Time High | $52.88 |
| All-Time Low | $0.1263 |
| Total Supply | 1 Billion |
What is Chainlink (LINK)?
Chainlink brings about a world of change in the blockchain ecosystem by connecting real-world data to smart contracts while still retaining security and reliability. It offers decentralized oracles to connect blockchain-based smart contracts to an external data source, API, or payment system, making on-chain and off-chain communication possible.
This ability adds an advanced feature to push Smart contract functionality over the edge, putting them very near to reality applications. At the very heart of Chainlink’s ecosystem lies the LINK token, an ERC-20 asset that pays node operators who fetch and validate the data. Similar to how value in XRP is accrued through the feasibility of global financial transfers, LINK derives its value through utility, as it – via the transaction of the LINK token – brings the accuracy and integrity of incoming traffic to the blockchains.
Not only this, but also Chainlink is independent of any blockchain and can work with any network that will support smart contracts. It has made great achievements since its inception in 2017 after teaming up with a visionary team such as Sergey Nazarov and Steve Ellis. Moreover, Chainlink’s architecture, powered by off-chain nodes and adapters, ensures a flawless connection between blockchains and external systems.
Chainlink Price History
Over the past year, Chainlink’s native token, LINK, has been on a roller coaster ride, with its market price exhibiting heightened volatility. According to data from CoinMarketCap, the cryptocurrency commenced the year with an opening value of $16.3381 before witnessing bearish sentiment, which pulled it to a low of $8.14. However, this adverse price action was short-lived as LINK’s bulls took control of the market at the end of the year.
Following this turnover, the altcoin charged past its previous highs, recording a peak of $27.37. This positive outlook has further been mirrored on the monthly and weekly charts, with the token recording over 96% and 37% gains, respectively. As of press time, the LINK token exchanged hands at $26.72, marking today’s top gainer with a 6.60% surge in the past 24 hours.
Moreover, its intraday market cap has exhibited a similar surge within the same timeframe, now at $16.75 billion. This positions Chainlink at the 14th spot in terms of cryptocurrency rankings. Not to be outdone, the altcoin’s 24-hour trading volume oscillates at $2.25 billion, marking a 167.85% uptick. This places the token’s volume-to-market ratio at 13.40%, meaning there are increased trading activities around Chainlink (LINK).
Yearly Highs and Lows of Chainlink
| Year | Chainlink Price | |
| High | Low | |
| 2023 | $17.315 | $4.949 |
| 2022 | $28.706 | $5.292 |
| 2021 | $52.880 | $12.293 |
| 2020 | $20.050 | $1.444 |
Chainlink Technical Analysis
From a technical perspective, Chainlink’s momentum indicators point toward a strengthening bullish sentiment in the short term. The Moving Average Convergence Divergence index,, reveals a bullish divergence as its MACD line at 2.173 recently crossed above the signal line at 0.397.
The MACD’s histogram bars further reinforce this optimistic outlook as the green bars continue to expand above the zero line. This indicates that the bullish momentum in the LINK market is set to persist in the near term. Similarly, the Relative Strength Index displays a steep upward trend, hovering around the 75.53 threshold.
This hints at a strong bullish sentiment that is likely to drive prices higher in the coming days. Yet, the RSI’s readings point toward overbought conditions. This means there is a high chance the LINK cryptocurrency might witness a market correction.
Chainlink (LINK) Price Forecast Based on Fair Value Gap
A closer examination of the weekly chart highlights several key Fair Value Gaps (FVGs), which are key areas for price action and liquidity. The current rally has seen LINK reclaim the FVG zone between $18 and $23, a region that previously acted as a supply zone. This breakout into the upper bounds of the FVG suggests steady buying pressure and a shift in market dynamics, possibly setting the stage for LINK to target higher levels.
Historically, FVGs serve as magnet zones where price tends to consolidate or reverse, and LINK’s decisive move through this gap underlines strong bullish intent. Further up, another FVG is observed around the $29-31 range, marking the next key resistance area. If the bullish momentum persists and LINK sustains above $27, traders may expect a gradual push toward this zone, provided no market-wide retracement occurs.
On the downside, the lower FVG between $7 and $9 remains a critical support region, indicating a safety net in the event of a pullback. LINK’s ability to establish a strong base within these FVGs suggests a healthy accumulation phase preceding the current surge.
Chainlink (LINK) Price Forecast Based on MA Ribbon Analysis
The LINK token has moved above its MA ribbon on the weekly chart, a robust interpretation of market sentiment shift. This ribbon, comprising the 20, 50, 100, and 200-week MAs, is a key indicator of long and short periods.
The 20-week MA now has a clear upward angle and is rapidly increasing, which shows strengthening bullish momentum, while the break above the 200-week MA, a long-term resistance, demonstrates strong reversal into bullish territory.
The crossover of shorter-term MAs (20 and 50-week) over the longer-term MAs (100 and 200-week) reinforces the bullish outlook, suggesting a continuation of the current rally. If LINK holds above the $22-17 range, it could target higher resistance levels near $38 and $40. A likely retest of the ribbon could offer new buying opportunities, particularly at the 20 or 50-week MA levels.
Chainlink (LINK) Price Forecast Based on Fib Analysis
Focusing on the Fib retracement levels, Chainlink has surged past the critical 50% zone at $25.57 but has since pulled back slightly, stabilizing around $26.15. This marks a milestone, reflecting bullish sentiment while highlighting the possibility for resistance at this key zone.
Often, this mark serves as a vital point in price action, where traders closely watch for confirmation of a sustained breakout or a likely reversal. Moreover, LINK’s strong breakout through the 38.2% level at $20.33 suggests a rugged recovery phase.
The next resistance lies at the 61.8% Fibonacci level, near $32.81—a zone often viewed as a golden ratio for price reversals or continued momentum. If the current rally sustains, this level could become the next target for bulls. On the downside, support remains firm at the 38.2% level, which could act as a buffer in case of pullbacks.
Chainlink (LINK) Price Prediction 2025
Per Crypto Tale’s projections, LINK could surpass its all-time high and peak at $67.40, fueled by post-2024 Bitcoin halving effects and increased adoption of decentralized oracles. Conversely, it might hit a low of $32.815 due to possible market corrections and profit-taking.
Chainlink (LINK) Price Prediction 2026
Following diminished Bitcoin halving momentum, LINK’s price might fall to a low of $26.57 as market sentiment cools. Nevertheless, LINK could still reach $41.70 if strong partnerships and network adoption continue to drive utility demand.
Chainlink (LINK) Price Prediction 2027
Anticipation of the 2028 Bitcoin halving might propel LINK to the $56-60 range, supported by renewed investor enthusiasm. Still, macroeconomic challenges could see the token bottom out at $35.37, reflecting potential volatility.
Chainlink (LINK) Price Prediction 2028
Driven by Bitcoin’s halving impact and heightened blockchain adoption, LINK may touch $105.91. On the downside, market consolidation could pull the token to $67.40, particularly after halving-induced hype subsides.
Chainlink (LINK) Price Prediction 2029
Increased community support and decentralization could increase LINK’s price to $158.80. However, unforeseen market corrections or regulatory pressures might drag the token to a low of $105.91.
Chainlink (LINK) Price Prediction 2030
According to CryptoTale, LINK could plummet to $53.02 due to possible stagnation or intensified competition in the Oracle sector. Conversely, the cryptocurrency might hit $74.91 amid mature blockchain ecosystems and broader institutional adoption.
FAQs
Chainlink is a decentralized oracle network that connects smart contracts with real-world data, APIs, and payment systems, enabling secure and reliable interaction between blockchain and off-chain environments.
You can buy LINK on major cryptocurrency exchanges like Binance, Coinbase, and Kraken using fiat currencies or other cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH).
Chainlink’s inventive oracle technology and adoption across industries position it as a promising investment, but like all cryptocurrencies, it carries market risks and volatility.
You can store LINK in hardware wallets like Ledger or Trezor or software wallets like MetaMask and Trust Wallet for secure storage.
Chainlink was founded by Sergey Nazarov and Steve Ellis, with Ari Juels contributing to its whitepaper.
Chainlink was launched in 2017.
The circulating supply of Chainlink (LINK) is 626.85 million tokens.
Chainlink’s current all-time high is $52.88, achieved in 2021.
Based on projections, Chainlink may surpass its current ATH of $52.88, especially with growing adoption and post-halving market momentum.
Chainlink’s all-time low is $0.1263, recorded shortly after its launch.
Chainlink could range between $40 and $70 in 2024, driven by Bitcoin’s halving momentum and increased blockchain adoption.
In 2025, LINK is projected to peak at $67.40 and may drop to a low of $32.815 due to market corrections.
In 2028, LINK is projected to peak at $105.91 but could dip to $67.40 after halving hype settles.
In 2030, LINK might peak at $74.91 and fall to $53.02 due to increased competition or potential stagnation.
