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 $20 after surpassing the level recently.
According to the latest data from CoinGecko, LINK is down by 1.1% in price in the last 24 hours and is trading at $20.25. With the market trading in volatility, here is our weekly price prediction for LINK.
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Chainlink weekly price prediction
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 43% increase in its price. Despite being 61% below its previous all-time high of $52.70, the prospect of it reaching double-digit values is more attainable than ever before.
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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 $20.09 and a maximum of $24.38. Additionally, the average price of LINK is expected to be in the range of $20 to $21.83.
However, the market can be quite surprising and could go in either direction depending on the overall market sentiment.