Every Chainlink investor must read this article before making their next move on the LINK token. There’s a fair chance Chainlink’s price might smash the $10.00 barrier this year and another possibility for the crypto to fall. Regardless, analysts have instead tipped another fast-rising crypto to eclipse the potential profits with higher ROIs.
This article reviews the chances of LINK’s price exceeding $10 this year and why analysts expect this rival crypto to do better.
Can Chainlink (LINK) Price Cross the $10.00 Barrier This Year?
Back in 2021, Chainlink (LINK) had a bright profit stint, rocketing from a mere $2.25 to an impressive height of $50. Chainlink’s rise was thanks to the growing world of decentralized finance and the ever-developing hunger for its outstanding Oracle features.
But the market has changed for LINK. After achieving its $50 height, Chainlink’s price retraced to a low price of about $6.40. Indeed, the general bear market played a role in this decline, Chainlink’s rate of adoption also contributed to the downturn.
Still, the tides appear to be shifting in favor of Chainlink again. The recent alliance with Swift to interlink various blockchains in the fiscal ecosystem gives signs of a promising run. This partnership could inspire a broader embrace of Chainlink’s benefits and features.
While these growths continue, crypto enthusiasts and experts are in high spirits. Several investors believe Chainlink is setting itself up to smash the much-discussed $10 barrier. Given this momentum gets sustained, we might see Chainlink shooting up to as far as $25 in 2024 and toward $100 in the later years. But, that’s if there is a big enough bullish momentum that can beat the present market struggles.
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