Chain link, an Ethereum-compatible platform known for facilitating decentralized oracles, has made significant strides in the cryptocurrency market. Currently, the network's own asset, LINK, is experiencing a trading range above $14, after being in a downtrend for a short period.
According to the latest data from Coin gecko, CLUTCH has fallen 2% in price over the last 24 hours and is trading at $14.30. With the market in the red, here is our price prediction for LINK for the week.
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Chainlink price forecast for the week
LINK has delivered remarkable performance throughout the year and positioned itself as one of the best performing assets. However, in the last 30 days alone, this altcoin has registered a 19.2% price drop. Despite being 73% below its previous all-time high of $52.70, the prospect of it reaching double-digit values is more feasible than ever before.
Cryptocurrency experts at Changelly have given their Chainlink LINK price prediction for the week. According to the analysts, LINK is expected to reach a minimum of $14.6 and a maximum of $15.74. Moreover, the average price of LINK is expected to be around $15.1.
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Looking further ahead, Changelly experts predict that LINK could potentially reach the $25 mark by August 2025. This longer-term projection reflects growing confidence in Chainlink's ability to establish itself as a leading decentralized oracle solution and capture a significant share of the market.
However, the market can be quite surprising and could go in either direction depending on overall market sentiment. Unless Bitcoin gains traction and regains the $70,000 level, LINK is likely to exhibit subdued performance.