Chainlink ($LINK) Price Predictions: Will It Cross $100 and Surpass Cardano $ADA and Polygon's $POL?

Take a look at this Arkham Intelligence report. Donald Trump’s World Liberty Fi acquired $1 million of $LINK Chainlink.

According to an Arkham Intelligence report, Donald Trump’s World Liberty Fi acquired $1 million of $LINK Chainlink. Now, after two and a half years of more or less sideways action, it seems like a prince kissed $LINK and woke it up. It saw some phenomenal price action. So, what caused this?

Will Chainlink ($LINK) cross $100 and surpass Cardano $ADA and Polygon’s $POL? Let’s find answers to all these questions here.

What Is Happening with Chainlink?

If you are new to crypto, here is a quick idea about what this fave project of Trump is all about. Chainlink is a blockchain oracle, oracles are crucial because blockchains can’t communicate with the outside world. They also can’t talk to each other. That’s where oracles come to the rescue. They can provide real-world and real-time data to blockchains. For example, exchange rates, sports results, or weather information.

In this sector, Chainlink is the clear leader. Its market cap is 11x bigger than Pyth, which ranks at second spot. Chainlink recently also saw an increased interest in its project.

Over the last 30 days, its $LINK token is up by 118%. Yesterday it was up by a stunning 20%. For starters, we see an increased interest from whales. They’ve been buying $LINK left, right, and center as if there was no tomorrow. $LINK is now almost $30. 

World Liberty Finance

However, yesterday’s 20% increase had a simple explanation. Trump’s new DeFi project, World Liberty Financial (WLFI), bought for $1 million $LINK. Plus $10 million worth of $ETH and another $1 million worth of $AAVE. For Chainlink, that was a total of 41,335 $LINK. This resulted in whales buying more $LINK. The price went from $24.20 to $28.14 in only a few hours. 

Trump’s World Liberty(@worldlibertyfi) is buying $ETH, $LINK and $AAVE!

In the past 9 hours, the World Liberty Multisig wallet spent 10M $USDC to buy 2,631 $ETH at $3,801, 1M $USDC to buy 41,335 $LINK at $24.2, and 1M $USDC to buy 3,357 $AAVE at $297.8.https://t.co/mtD0c2tvvo pic.twitter.com/B11KvcwRJQ

— Lookonchain (@lookonchain) December 12, 2024

Now, that’s great, no doubt about it. But the real question is, why did World Liberty buy this $LINK? 

To answer this, we need to go back about a month. In mid-November, WLFI announced Chainlink’s integration in their price feeds. Something that DeFi projects need, as I explained earlier. So, looking at it from this POV, buying $LINK makes sense for WLFI. 

🦅🇺🇸 We’re excited to announce that we are adopting the @chainlink standard for onchain data and cross-chain connectivity as a secure way to bring DeFi into the next stage of mass adoption. https://t.co/KBJmSplT9e

— WLFI (@worldlibertyfi) November 14, 2024

This was around the same time that a pilot tokenization program with SWIFT came to an end. The big Swiss bank UBS, the Monetary Authority of Singapore (MAS), and of course, SWIFT took part. This pilot program slots right into Chainlink’s CCIP feature. More on this in a moment. 

Shortly before this, the TronDAO, also announced that Chainlink was their preferred choice. Remember Justin Sun? He’s the controversial CEO of Tron. Well, to make the circle round, Sun became an adviser for WLFI. He also invested $30 million in WLFI. Trump and Sun should get along like a house on fire. 

🦅☀️ Exciting Announcement! ☀️🦅

We’re honored to welcome @justinsuntron as an advisor to World Liberty Financial (WLFI)!

Justin is the founder of @TRONDAO, an advisor to @HTX_Global, and a supporter of @BitTorrent. A graduate of the University of Pennsylvania, he recently won… pic.twitter.com/wJD24nztab

— WLFI (@worldlibertyfi) November 26, 2024

Chainlink ($LINK) Price Predictions

I looked up some price predictions for $LINK on X. Here’s what I found