Chainlink Hits Highest Profit Ratio Since 2022: Can LINK Hit $20 In June?

Chainlink has surpassed the $17.50 level recently, Additionally, there are 11 transactions in profit for every 1 LINK transaction at a loss. According to Santiment, this is the highest ratio since December 8, 2022.

Currently, the native asset of the network, LINK, is experiencing a trading range near $17.6, according to the latest data.

CoinGecko data also shows that LINK is up by 5.8% in the last 24 hours and is trading in the $17 range. With the market trading in green, here is our price prediction for LINK for June.

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Chainlink price prediction for June

LINK has demonstrated remarkable performance throughout this year, positioning itself as one of the top-performing assets. In the past 30 days alone, this altcoin has recorded a 14.1% surge in its price. Despite being 66.7% below its previous all-time high of $52.70, the prospect of it reaching double-digit values is more attainable than ever before.

Cryptocurrency experts at Changelly have given their price prediction for Chainlink LINK for May end. According to the analysts, LINK is forecast to reach a minimum of $18.56 and a maximum of $23.08. Additionally, the average price of LINK is expected to be in the range of $20.82.

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Looking further ahead, Changelly’s experts predict that LINK could potentially hit the $29 mark by December 2025. This longer-term projection reflects the 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 the overall market sentiment. Unless Bitcoin gains traction and regains the $70,000 level, LINK is likely to exhibit muted performance.