Chainlink (LINK) Price Prediction: Mid-February 2024

Vignesh Karunanidhi
Chainlink Whale Withdraws 194,400 Tokens; LINK Price Reacts
Source: Cryptonomist

Chainlink, a platform compatible with Ethereum and renowned for facilitating decentralized oracles, has been making significant progress in the cryptocurrency market. Currently, the native asset of the network, LINK, is experiencing a trading range above $18 after surpassing $19 for a short period.

According to the latest data from CoinGecko, LINK is down by 3% in price in the last 24 hours and is trading at $18.30. With the market trading in red, here is our price prediction for LINK for mid-February.

Also read: Chainlink Could Hit $26 Soon; 47 Fresh Wallets Accumulate LINK

Chainlink Eyes Potential Breakout, LINK Could Hit $20

LINK has demonstrated remarkable performance throughout this year, positioning itself as one of the top-performing assets. In the past 30 days alone, this altcoin has recorded a 39% increase in its price. Despite being 65% below its previous all-time high of $52.70, the prospect of it reaching double-digit values is more attainable than ever before.

Also read: Cardano (ADA) Could Surge 1,767% To $7.92, Here’s Why

Cryptocurrency experts at Changelly have given their price prediction for Chainlink LINK for mid-February. According to the analysts, LINK is forecast to reach a minimum of $18.71 and a maximum of $23.04. Additionally, the average price of LINK is expected to be in the range of $19 to $23.

However, the market can be quite surprising and could go in either direction depending on the overall market sentiment.