Chainlink (LINK) is a native token of the Chainlink platform. It is a decentralized oracle based network, which main function is to connect smart contracts to external data. This makes it attractive to DeFi and fintech companies, as well as to big financial players, such as Google. LINK is based on ERC-667 protocol, so it is possible to store it in Ethereum wallets.Chainlink was developed by Sergey Nazarov and Steve Ellis in 2017. You can also read more about the token here.
Even though since the beginning of 2021 Chainlink showed a fast rise with a quick decrease after, the previous statistics should be taken into consideration too. So far the network looks stable and strong. Here are some statistics from Coinmarketcap.com (as of 28.02.2021):
- LINK price: $27.03
- Market capitalization: $11,089,098,795
- Volume (24h): $1,834,620,399
- Circulating supply: 410,009,556 LINK
- Total supply: 1,000,000,000
- 24 Hour High: $27.06
- 24 Hour Low: $24.57
Chainlink does not have a written out roadmap. The reason may lie in the fact that the main goal of the company is to investigate the possibilities of smart contracts and to solve existing limitations. It is clear that smart contracts take agreements to a different level, they eliminate the third party and lower risks of mistakes and dishonesty.
Crypto community about Chainlink
LINK price prediction 2021
According to Trading Beasts (as of 01/03/2021) LINK will continue to show an increase in the price:
Minimum LINK price for 2021: $18.779
Maximum LINK price for 2021: $30.647
Average LINK price for 2021: $23.26
Year-end LINK price predictions 2021:
Minimum expected: $20.840
Maximum expected: $30.647
Average expected: $24.517
According to WalletInvestor (as of 01/03/2021) LINK will show this kind of price fluctuation:
Minimum LINK price for 2021: $31.1627
Maximum LINK price for 2021: $35.9436
Average LINK price for 2021: $33.5907
Year-end LINK price predictions 2021:
Minimum expected: $37.1591
Maximum expected: $42.687
Average expected: $39.992
We can check another LINK price forecast on Digitalcoinprice.com (as of 01/03/2021):
Average LINK price for 2021: $40.31
Average year-end price expected: $44.53
One more service that provides a forecast for the LINK price is Longforecast.com. Here is data from this resource (as of 01/03/2021):
Minimum LINK price for 2021: $17.38
Maximum LINK price for 2021: $45.39
Average LINK price for 2021: $31.72
LINK price prediction 2025
Even though it is very hard to predict the price of crypto, there are some theories about the future of LINK. Thus, according to Walletinvestor.com LINK will show slow, yet stable growth. The average price expected may reach $129.4.
Digitalcoinprice.com also predicts growth. However, this prognosis looks a little less optimistic. According to this prediction the maximum expected price may reach $99.
Tradingbeasts.com does not see any significant changes. It suggests that the price will stay between $30 – $40.
Historical price analysis
Chainlink has been launched in 2017. Its starting price was less than $0.2. For the first couple of years LINK price fluctuated between $0.1 and $1. The real increase has started in spring 2020. The price jumped from $2 in spring to $10 in summer. The reason for that was that Chainlink proved its capability to solve some problems associated with smart contracts. Thanks to Chainlink smart contracts can use accurate information and can be applied outside the crypto space.
From the information above we may conclude that Chainlink as a platform has a good potential for further development. Thus, LINK as a native token will most likely also grow in price. Chainlink seems to be one of the most promising projects nowadays, as it was able to connect the advantages of smart contracts with real business needs.
We hope that this article explained the trends in Chainlink development.
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.