Even though much of the focus has been on larger cryptocurrencies during the remarkable
bull runs of 2021, there is still a lot of interest in a chain link price prediction.
Moreover, when you look at the technology that powers this alt coin, you can see why
chain link price study shows that this digital asset got a lot of traction.
In 2021 link was worth $11 and 46 cents when 2021 began.
And when it reached an all time high of $52 and 88 cents in early may of that year, many
chain link price estimates claimed that was just the beginning.
However, chain link is currently trading at $6 and 52 cents down 87.6% from its all time
high of $52 and 70 cents.
Disclaimer, I'm not a financial advisor.
This video is for informational and educational purposes only.
Hey everyone, welcome to crypto trends
In today's video will look into chain link, one of the most popular cryptocurrencies and
is chain link or a link, a good investment.
So make sure to subscribe to the channel so you don't miss out on any of our videos.
So without further ado, let's get into it.
What is chain link?
Link chain link link is the native cryptocurrency of chain link labs.
A decentralized Oracle corporation chain link made 32 million during the 2017 initial coin
offering gold rush by selling 32% of its 1 billion link.
Initial supply chain link is a decentralized network of over 1000 pricing Oracles that
service digital assets valued over $37 billion across hundreds of blockchain based businesses,
chain link labs announced chain link staking intentions for the second half of 2022 in
a blog post on June 7th, 2022.
These plans will greatly expand the utility of link and the news resulted in an 11% boost
in chain Link's market value link was trading at $6 and 52 cents as of 16 June with the
market cap of 3 billion, a 780 million, 24 hour trading volume represented more than
25% of the market capitalization link.
As a large cap, cryptocurrency is supported by top tier centralized exchanges, such as
Coinbase, Binance, FTX, and KU coin.
Latest performance.
June, 2022 link has consistently produced lower lows since September, 2021 falling below
$16 in December, 2021 below $13 and 50 cents in January, 2022, $11 and 50 cents in February
and $5 in 50 cents.
In may the chain link staking chain announcements triggered a June uptick as previously reported
a newly published roadmap outlining upgraded staking functionality on H June prompted an
11% gain greatly outpacing the 2% advance in the broader market.
However, a bearish moving average or ma reading indicated poor overall performance after a
Barrish cross on December 6th, 2021, there is still clear water between the 50 day ma
and the 100 day ma chain link may continue to face downward pressure from external causes.
The disappointing performance of Bitcoin in 2022 created an uncertain atmosphere for the
alt coin ecosystem prompting investors to reconsider their crypto assets.
However, chain link has some solid underlying foundations as a leading blockchain Oracle
provider.
The project may enjoy long term attention.
Let's take a look at chain link pricing forecasts to see what the future holds, what is next
for a link, however long forecast's chain link price prediction predicts a downturn
throughout the year with a value of between $3 and 99 cents and $4 and 60 cents.
By the end of 2022 chain Link's price projection for 2025 is between $5 and 28 cents and $10
and 32 cents chain link price prediction for 2022 by digital coin price predicts an average
price of $8 and 76 cents for a link in 2022, the site then predicts a typical year on year
increase with an average value of $9 and 44 cents and 2023, $9 and 56 cents and 2024 and
$12 and 46 cents and 2025 chain Link's price prediction for 2030 is $29 and 70 cents.
According to the site, final thought personally, I believe that link.
Isn't a really great investment in the short run, but definitely is a great long term bet
of all.
These are only guesses and the algorithms that developed them cannot foretell the news
events and industry changes that ultimately influence the price of a cryptocurrency, always
conduct your own research and include the most recent facts.
So are you bullish about chain link link?
If so, why?
Please let us know your thoughts in the comment section down below as it would help others.
When investing with that being said, here we come to the end of our video.
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Thanks for watching.