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 $16 after being in a downtrend for a short period.
According to the latest data from CoinGecko, LINK is up by 0.7% in price in the last 24 hours and is trading at $16.66. With the market trading in green, here is our bullish 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 18.4% spike in its price. Despite being 68.4% below its previous all-time high of $52.70, the prospect of it reaching higher 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 $16.6 and a maximum of $17.8. Additionally, the average price of LINK is expected to be in the range of $17.3.
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Looking further ahead, Changelly’s experts predict that LINK could potentially hit the $25 mark by August 2025. This longer-term projection reflects the growing confidence in Chainlink’s ability to establish itself as a leading decentralized oracle solution and capture a significant share of the market.
However, the market can be quite surprising and could go in either direction depending on the overall market sentiment. Unless Bitcoin gains traction and regains the $70,000 level, LINK is likely to exhibit muted performance.