Chainlink Set for Growth: LINK Could Reach $159 If Market Cap Hits $100 Billion

1 month ago 2
ARTICLE AD BOX
LINK Chainlink
  • Chainlink (LINK) could see its market cap rise to between $50 billion and $100 billion by Q2 2025, according to the analyst “Investor Reality.”
  • Chainlink’s growing ecosystem, including its oracle services, Cross-Chain Interoperability Protocol (CCIP), and role in Decentralized Physical Infrastructure Networks (DePIN), are viewed as key drivers of future growth.

Chainlink (LINK) is positioned for significant growth, according to a forecast by a market analyst who goes by the name “Investor Reality” on social media platform X. The analyst has predicted that Chainlink’s market capitalization could soar to between $50 billion and $100 billion by the second quarter of 2025.

Chainlink Price Surge By 2025

At the time of reporting, the LINK token is trading at approximately $11.12, dipping 2.46% in the past 24 hours. Chainlink currently has a circulating supply of around 626.8 million tokens. Hence, if the forecasted market cap materializes, the LINK price could increase substantially, per the CNF report.

A $50 billion market cap, based on the current circulating supply, would translate to a price of $79.77 per token. Meanwhile, a $100 billion market cap would result in a price of $159.54. However, if the total supply of 1 billion LINK tokens were to enter circulation, these price projections would be lower. It would be adjusted to $50 and $100 per token respectively.

For further context, the analyst’s bullish outlook is supported by Chainlink’s involvement in various sectors of the crypto space. Chainlink is seen as a key player in providing oracle services and integrating real-world assets (RWA) into blockchain applications. As per the CNF report, Chainlink recently partnered with ANZ Bank, expanding its RWA capabilities. 

In addition, it plays a vital role in facilitating Decentralized Physical Infrastructure Networks (DePIN). Thus, the analyst views these sectors as drivers of future growth for the project. Moreover, LINK price technicals also show an optimistic picture.

Furthermore, Chainlink’s expanding ecosystem strengthens the analyst’s prediction. The project’s Cross-Chain Interoperability Protocol (CCIP) and Transporter both facilitate token bridging across multiple blockchains, reported CNF. Hence, this feature could increase adoption and usage of the platform, potentially driving demand for LINK tokens.

LINK Technical Analysis

Technical analysis for LINK price also shows a potentially al surge. Chainlink’s price chart indicates a strong support level between $5 and $11.50, which has acted as a zone for accumulation over the last three years. During recent market volatility, LINK has consistently found support around the $11 mark. It suggests that this level could represent a cycle bottom, paving the way for an upcoming rally.

In addition, Chainlink founder Sergey Nazarov has emphasized the protocol’s significant impact on the decentralized finance (DeFi) sector. He noted that Chainlink’s infrastructure played a crucial role in growing the DeFi market from a valuation of under $100 million to more than $200 billion. Over the same period, LINK’s price rose from less than $1 to more than $50.

The relationship between Chainlink price and the DeFi market is of importance as well. Historically, LINK has experienced price increases in line with growth in the DeFi sector. As the market moves into what some analysts are calling an “AltSeason,” where altcoins experience rapid growth, LINK could be well-positioned for further gains.

As of yet, Chainlink is trading within a price range of $10.25 to $12.38. Moreover, many investors view this range as an accumulation zone. This buying pressure could also boost the LINK price. However, whether the projected market cap and price growth materialize remains to be seen in the coming months.

Read Entire Article