Chainlink continues to make significant strides in the cryptocurrency market as a platform compatible with Ethereum and known for supporting decentralized exchanges. LINK, the network's native token, is currently trading above $16 after a brief period of decline.
According to the latest data from CoinGecko, LINK is trading at $16.66, up 0.7% in the last 24 hours. In this period when the market is trading in the green zone, a positive weekly price forecast for LINK attracts attention.
Chainlink Weekly Price Forecast
LINK has been an outstanding performer throughout this year, becoming one of the best-performing assets. Over the last 30 days, this altcoin has recorded an 18.4% increase in its price. Although it is 68.4% off the previous all-time high of $52.70, the possibility of moving higher looks more realistic than ever.
Cryptocurrency experts at Changelly also shared their weekly price predictions for Chainlink. According to analysts, LINK is expected to reach a minimum of $16.6 and a maximum of $17.8. Additionally, the average price of LINK is predicted to be around $17.3.
Looking further ahead, Changelly's experts predict that LINK could reach $25 by August 2025. This long-term forecast reflects Chainlink's growing confidence in establishing itself as the leading decentralized oracle solution and gaining a significant foothold in the market.
However, the market can be quite volatile and can move in either direction depending on overall market sentiment. Unless Bitcoin regains the $70,000 level, LINK's performance is likely to remain limited.
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