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Cryptocurrency News Articles
Chainlink (LINK) Price Predictions: A Bullish 2025 Outlook as LINK Price Eyes the $80 Mark
Dec 28, 2024 at 12:31 am
Chainlink (LINK) price predictions will be seeing a great start to the year. CoinCodex anticipates a LINK price of $45 during January while averaging it at $36 for the month.
Chainlink (LINK) price has been anything but dull toward the latter part of 2024, with the token rallying a striking 51% year-to-date. While it did clock some declines during the festive periods toward the latter part of the year, that was easily one of the major positives across the digital asset space. Hence, analysts are expecting 2025 to be a truly landmark year, with LINK price potentially surging past the $80 mark.
This year has been pivotal for cryptocurrencies, with several key milestones including the approval of crypto-based exchange-traded funds (ETFs) in the United States. These ETFs, which focused on Bitcoin and Ethereum, helped propel unprecedented market momentum.
Bitcoin clocked several all-time highs in 2024, breaching the six-figure threshold for the first time. However, the market did cool in December, with several assets including Chainlink facing the brunt of market-wide liquidations.
Chainlink Price Performance & Recent Trends
Despite facing the December slowdown, Chainlink is not one to easily fade into the background, as the token has seen some decent gains. LINK price has appreciated over 31% in the last 30 days, data showed. Yet, on the shorter end, things have been less rosy, as the token reportedly dropped 7% following Christmas and now trades around the $22 mark.
Chainlink’s broader performance for 2024 has set it up to enter the new year with good cheer. The LINK price is likely to rebound swiftly owing to strong market conditions and wider adoption of blockchain technology. Moreover, heavy LINK whale activity will also propel this rally moving forward, reported CNF.
Optimistic 2025 Outlook For LINK Price
Chainlink price predictions will be kicking off the year on a high note. CoinCodex anticipates a LINK price of $45 during January while averaging it at $36 for the month. According to CoinCodex, February would see more momentum, with the token crossing $62. This indicates a 174% spike from its current levels.
The rally could spill over to the first half of the year as projections point to a leap towards $73 by March. May is likely to bring the Chainlink to new highs, around $85, which is 277% higher than its levels in December. Such an uptrend might place the average price above or around $50 for six months or more of 2024. The average in December 2024 stands at a modest $25, signaling that a staggering 240% rally is impending for LINK, per the CNF report.
Meanwhile, Chainlink’s ongoing partnerships could bode well for the token’s adoption. Recently, Shiba Inu (SHIB) announced a strategic partnership with Chainlink to integrate its Cross-Chain Interoperability Protocol (CCIP) into the Shibarium network. This integration designates CCIP as the official cross-chain infrastructure for the Shiba Inu ecosystem.
It would indeed enable SHIB, BONE, and LEASH tokens to operate seamlessly across 12 blockchains. In addition, association with the popular SHIB ecosystem could also benefit the Chainlink network and the LINK token.
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