Chainlink (LINK) Price Prediction 2024-2030: Will LINK Price Reach $50 Soon?
LINK's bullish price forecast ranges from $33.46 to $36.09.
Analysis shows that LINK price could also reach $53 in 2024.
LINK's bear market price forecast for 2024 is $13.
Smart contracts have become an important concept in laying the foundation for blockchain and decentralization. Smart contracts also paved the way for a new world in which there was no interference from intermediary parties. However, there were still challenges to be faced as entering this new world was challenging.
Among various projects, Chainlink was one such decentralized network that provided real-time data to smart contracts on the blockchain, thereby facilitating entry into this world. LINK, Chainlink's native token, plays an important role in the development of the ecosystem.
Naturally, potential investors and individuals will be curious to know LINK's price performance over the years. If you are interested in learning about LINK price analysis and forecast for 2024, 2025, 2026, 2027 and 2050, read this Coin Edition Price Forecast article.
Chainlink (LINK) Market Status in Real Time
🪙 NameChainlink💱 SymbolLINK🏅 Rank#15💲 Price$16.6204580942📊 Price Change (1h)0.91 %📊 Price Change (24h)2.14 %📊 Price Change (7d)22.58 %💵 Market Cap$9757870456.03💸 Circulating Supply587099970.453 LINK💰 Total Supply1000000000 LINK
Chainlink (LINK) is currently trading at $16.6204580942 and sits at number #15 on CoinMarketCap in terms of market capitalization. There are 587099970.453 LINK coins currently in circulation, bringing the total market cap to $9757870456.03.
Over the past 24 hours, Chainlink has increased by 2.14%. Looking at the last week, the coin is up by 22.58%.
What is Chainlink (LINK)?
Chainlink claims to be the industry standard that is used to create, evaluate and sell oracles needed to operate various hybrid smart contracts. Oracle's Chainlink network allows smart contracts to easily connect to various external APIs and enable secure off-chain computing. Chainlink, they claim, acts as a “universal gateway”, offering global enterprises and leading data providers access to all blockchains.
Chainlink's native token, LINK, helps empower the ecosystem. More than that. LINK is a utility token used for a variety of purposes, such as incentivizing data accuracy, ensuring contract stability, rewarding nodes for their validation operations, and making payments on the network. In addition to being an ERC-20 token, LINK also has an additional ERC-223 feature that allows interaction with smart contracts.
