Chainlink (LINK) Price Prediction 2025-2030: LINK rises 18% in 2023

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Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Chainlink (LINK) is a decentralized oracle network that connects smart contracts on blockchain platforms to real-world data. The network enables smart contracts to access off-chain resources, such as data from APIs and web pages, which makes it possible for them to interact with the real world. 

Read Price Prediction for Chainlink [LINK] for 2023-24

Chainlink is used by a wide range of decentralized applications and platforms, including decentralized finance (DeFi) platforms, prediction markets, and gaming dApps. LINK’s popularity has been driven by its use case as a decentralized oracle solution, providing reliable and tamper-proof external data feeds to smart contracts.

LINK went up by 2% in the last 24 hours, which corroborated its 18% price appreciation since the beginning of 2023. LINK’s press time market capitalization of $3,769,685,068 put it in the 2oth spot. The token had a 24-hour trading volume of $459,412,799. Data from Coinglass shows that the total open interest on LINK futures declined by 11.38% over the past 24 hours. 

In late 2020, LINK’s price experienced a significant bull run, reaching an all-time high of over $20 in December of that year. This was driven in part by the overall bull market in the cryptocurrency space, as well as a strong demand for LINK as a utility token on the Chainlink network. Since then, the price of LINK has come down somewhat, but it has remained relatively stable and continues to be a popular investment asset. In the past year, LINK has performed well compared to some other cryptocurrencies, with its price