Chainlink (LINK) saw a massive price spike in late 2023, hitting a high of $16.97 on Dec. 9, 2023. However, the token has seen lower highs and lower lows since. LINK is down by over 7% in the 14-day charts and 3.8% over the previous month. However, the asset price is up by a whopping 97.1% since January 2023.
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Chainlink’s (LINK) rally in October 2023 followed Bitcoin’s (BTC) surge. Moreover, the project worked on a proof of concept with Vodafone’s Digital Asset Broker, further pushing LINK’s price. The project also unveiled a partnership with Australia and New Zealand Banking Group Limited (ANZ).
Chainlink (LINK) price prediction for February 2024
According to Changelly, LINK’s price could hit $14.96 on Feb. 1, 2024, a rise of 2.26% from current levels. Moreover, the platform anticipates LINK to breach the $18 level by the first week of February, hitting $18.83 on Feb. 7, 2024. Reaching $18.83 would translate to a growth of about 28.7% from current levels. Changelly expects LINK’s price to oscillate between $17 and $18 for most of next month.
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CoinCodex also anticipates Chainlink (LINK) to breach the $18 mark in early February, hitting $18.04 on Feb. 6, 2024. Moreover, the platform predicts LINK to reach $20.47 on Feb. 9, 2024. Hitting $20.47 from current levels would translate to a growth of almost 40%.
Chainlink (LINK), along with Solana (SOL), is among the best-performing cryptocurrencies of 2023. Many analysts anticipate LINK to continue its bullish trajectory in 2024 as well. The project’s growing community, global partnerships, and technological innovations make LINK a strong contender for significant returns. The project has also made inroads into powering tokenized RWAs (Real World Assets) at scale.