Amid what has been an incredible performance for the cryptocurrency, Chainlink has jumped another 14% as LINK looks bound to surpass the $60 mark at some point in 2025. Indeed, such an increase would set a new all-time high for the cryptocurrency. Moreover, it would be its highest price level since 2021.
The asset has been one of the big surprises of the ongoing cryptocurrency bull market. Kicking off in November, it has propelled tokens like Ripple (XRP) and VeChain (VET) to tremendous values. Now, LINK looks like the latest token to be bound for new heights.
Also Read: Up 100%, Can Chainlink (LINK) Hit $50 Before 2024 End?
Chainlink to $60? 2025 Looks to Push LINK to New All-Time High
With the end of the year approaching, it is safe to say that 2024 is among the best years in the history of the digital asset sector. The first crypto-based ETF received approval in January and set off a year of gains. That culminated in November, when Donald Trump’s reelection win led Bitcoin to reach six figures for the first time in its history.
That performance has seemingly rubbed off on a host of other cryptocurrencies over the last month. Indeed, one of the biggest surprises has been Chainlink, as the token has increased another 14%, with LINK looking like it’s bound for the $60 price mark at some point in 2025. Now, the question is, when can traders expect the asset to reach what would be an all-time high?
Also Read: Chainlink Outperforms Solana, XRP Amid $4.9M Whale Purchase
Over the last year, Chainlink is up more than 95%, according to CoinMarketCap. Moreover, the token has surged 76% in the last 30 days alone, reaching a current price of $27.43. Despite a 1.3% dip in the last day, the token is still in the green over the week and looks to end the year on a high note.
According to crypto price prediction platform CoinCodex, LINK is expected to ride positive sentiment to a $61 price as early as February of next year. That would represent a 124% increase for the token and a new record mark. That isn’t all, however, as Chainlink is looking at even greater gains over the course of next year.
Analysts project that the toke will usurp its record mark just two months later. Specifically, it would target a max price of $71 in April. The record increase won’t stop there. Indeed, the cryptocurrency is looking to once again break its record mark for a third consecutive month. The platform projects it to hit $84 in May. If that analysis comes to fruition, the token would be up 208% from its current position.