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 $15.
According to the latest data from CoinMarketCap, Chainlink LINK is up by 5% in price in the last 24 hours and is trading at $15.90. With the market trading in red, here is our price prediction for LINK for the week.
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Chainlink price prediction for the week
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 12.4% increase in its price. Despite being -69% below its previous all-time high of $52.70, the prospect of it reaching double-digit values is more attainable than ever before.
Cryptocurrency experts at Changelly have given their price prediction for Chainlink LINK for the week. According to the analysts, LINK is forecast to reach a minimum of $15.05 and a maximum of $20.62 this week. The average price of LINK is expected to reach $17.84.
However, the market can be quite surprising and could go in either direction depending on the overall market sentiment.