Chainlink (LINK) Price Prediction: Will LINK Hit $38 in January 2025?

Chainlink continues to cement its position in the decentralized oracle space and the convergence of institutional adoption, technical strength

Chainlink (LINK) price is set to explode in 2025, with several factors indicating a potential rally to $38. Here are the top 4 reasons why LINK could hit new highs in the coming year:

1. Chainlink might team up with BlackRock: Chainlink has already secured a strategic partnership with a Trump-backed decentralized finance (DeFi) platform called World Liberty Financial – and there have already been rumors that its next tie-up may be with BlackRock. If the world’s largest asset manager announces an alliance with Chainlink, it could validate its oracle services and attract more institutional investors to LINK. The potential outcome: a massive increase in the token’s utility that may propel it to a new high.

2. Whales have been loading up on LINK: Chainlink's price dropped to a low of $20 amidst a broader crypto market sell-off on Monday. But whales saw it as a buying opportunity and loaded up on more than $40 million worth of LINK, reiterating their endorsement for a token they expect will emerge as a profit machine in 2025.

3. Chainlink technicals point upwards: A quick look at Chainlink’s price chart confirms the crypto token is in an ascending channel at writing. It has made higher highs and lows since the final week of November – with the next move up slated to take LINK to a new high of $38 in January.

4. Trump 2.0 could drive investors to LINK: The new year could mark a step change for the crypto market at large as Donald Trump takes office on January 20th. Experts are already projecting a string of executive orders within the first 100 days of Trump 2.0 – some of which may warrant celebration for the crypto industry.

Crypto analysts are excited about Chainlink’s potential in 2025, with several announcing ambitious price targets for the crypto token. Ali Martinez, for example, expects LINK to hit $32 in early 2025. Similarly, Alan Santana, sees LINK surpassing $35 in the near term. Michael van de Poppe – the founder and chief investment officer of MN Consultancy even dubbed it a “blue chip” investment in a recent post on X.com.

All in all, while price predictions in the cryptocurrency market always carry inherent uncertainty, the combination of aforementioned factors presents a compelling case for Chainlink’s potential rally to $35 in January.