Chainlink’s (LINK) value has increased by over 130% in the last year. The token has seen its price growth slow down over the last month. This raises questions about the performance of the coin. LINK was trading at $25 as of press time. This is a 11% increase in the past week, which coincides with the booming crypto market. Several analysts predict that these gains will continue to grow exponentially and may even grant LINK a 1000% increase in value.
Chainlink LINK recently added 43,034.62 LINKs to its reserves, bringing the total to 280.048.69 LINK. This move boosted confidence in the long-term viability of the chain and sparked more trading around the coin. In fact, this has been greeted positively by investors, who see it as a positive sign that they can expect future growth.
LINK’s partnership with Crypto prediction platform Polymarket is also a bullish sign that sends LINK higher. They are joining forces in order to launch 15 minute crypto markets that feature near instant settlement and the highest level of security. Chainlink and LINK announced a new partnership on Friday that sent LINK surging higher. LINK is gaining momentum since the announcement of its recent partnership with SBI JapanChainlink has partnered with the US Government in order to place economic data onto the chain.
Also Read: Polymarket, Chainlink Partner to Upgrade Prediction Platform
Is it possible to get a Chain Link for $52? What if it was possible in 2025 to have a chainlink for $52?
Chainlink’s chart for the week shows a cup-and-handle pattern that is often interpreted as a continuation bullish signal. The confirmation of the pattern was achieved by the break above $22, with LINK consolidating at $25. If the key resistance between $28-$32 is breached then higher targets are possible. If the bullish trend continues, LINK’s chart shows a possible move towards $52 over the next few months, setting a record high price for this crypto coin.
Ali Martinez, a crypto analyst suggests that LINK can blow past $52 and even form a bull-flag pattern. According to the analyst, LINK, which has set $26 as a target for lower resistance, could easily surpass $30 if it continues on its current pattern. Martinez claimed that “the next move for Chainlink $LINK could send it toward $100.” This is an extremely bullish prediction, as it represents a growth of nearly 400% from the current prices. A moderate forecast for LINK of $30 in the next month is very probable. This can pave the way to $52 by 2025.
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Source: watcher.guru
