Chainlink Price Prediction 2020 - LINK Price Prediction

Anisa Batabyal
| 11 May, 2020 | 2 min

Chainlink is considered as one of the top 11 cryptocurrencies by market capitalization. It stole Bitcoin's thunder by setting a historic high of $4.92 and became one of the leading assets in crypto and dollar-nominated markets. Recently, QuarkChain and Chainlink entered into a partnership for integrating its oracle technology into flexible throughput sharding technology, which will enable its developers and enterprises with an enhanced experience for the development of smart contracts. The integration of the Bytom blockchain would support in empowering of the smart contracts. This can enhance off-chain connection with the incoming and outgoing data, and the developers will have accessibility to real-world data.

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By Chainlink, you can link the cryptocurrency in a decentralized format. Networks like Ethereum uses a ChainLink node and in turn pay their chosen ChainLink Node Operator using LINK tokens. LINK token is an ERC20 token, with the additional ERC223 “transfer and call” functionality of transfer enabling tokens to be received and processed by contracts within a single transaction. Smart technology and self-sustaining in operations LINK should be a part of your portfolio as a long-term investment.

ChainLink uses its technology in blockchains and smart contracts to access data feeds, web APIs, and traditional bank account payments to mimic real-world agreements which require external proof of performance, like bank payments, DD, etc. The ChainLink network utilizes the LINK token and ChainLink Node operators to retrieve data, compute it, format it and guarantee payments from off-chain data feeds.

Currently, ChainLink (LINK) is trading at $4.01 with LINK price 0.66% down today. The market cap of ChainLink is USD 1,402,194,461 with 350,000,000 LINK circulating currently. The 24-hour price movement chart indicates that $458,070,767 worth of LINK were trading. The price peaked to $4.2000 in the last 24 hours while the lowest price was $3.9400.

Chainlink has been giving major performance goals to the crypto space. It is unstoppable and hence let us check out what the prediction sites have to say about Chainlink predictions:

#1 Trading Beasts

Trading Beasts have given LINK prediction on a monthly basis and they have forecasted that by the end of 2020, Chainlink might reach $4.68 to the maximum and $3.74 to the minimum. The best part is that Chainlink has already touched the maximum price.

#2 Coin Fan

Coin Fan is good at giving optimistic numbers and has predicted that by the end of 2020, LINK might reach $12.08, which is way more bullish and optimistic a prediction. They have even forecasted that by 2023, LINK might reach fall down as low as $1.07, which is an unbelievable prediction.

#3 Digital Coin Price

Digital Coin price also has given a monthly prediction for Chainlink and they have projected that by the end of 2020, LINK might reach $6.86.

#4 Wallet Investor

Wallet Investor is known for giving not so optimistic predictions for almost every digital currencies. But for Chainlink, it is quite different. They have predicted that by 2020 end, LINK might go as high as to $6.842 and in 5 years, LINK might soar as high as $17.5.

Celer’s partnership with Chainlink might bring real-world info to layer 2 scalability problem by 2020. Chainlink already jumped up the ranking leader and became one of the top 11 cryptos by market capitalization. Chainlink entered into major partnerships with bZx, where the band protocol will be relying on Chainlink as the sole Oracle, thus might help in mitigating attack vendors in DeFi. Chainlink partnered with Chiliz, an Ethereum-based sports tokenization platform, to enable the creation of real-time nonfungible tokens for teams like FC Barcelona. Amidst all these advancements, LINK already hit its historic high of $4.92. By the end of 2020, Chainlink might reach $6.815204.

In 5 years Chainlink might grow up to be the champion in the crypto space, due to its achievements and developments. Even the rate of partnerships and adoption might increase exponentially by 5 years. These all positive aspects might enable LINK to go high up the ranking ladder and it might reach $12.269005 in 5 years time frame.

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*This price prediction is based on the data collected from various sources. This should not be considered as an investing parameter and user should do their own research before investing.