Chainlink Price Prediction: Can LINK Hit $20 By The End Of May?
Chainlink, a platform compatible with Ethereum and renowned for facilitating decentralized oracles, has been making significant progress in the cryptocurrency market. Currently, the native asset of the network, LINK, is experiencing a trading range near $16.68, according to the latest data.
CoinGecko data also shows that LINK hasn’t shown much movement in the last 24 hours and is trading in the $16 range. With the market trading in green, here is our price prediction for LINK for May end.
Also read: Top 3 Cryptocurrencies To Buy For 5X Gains In Anticipation Of Ethereum ETF Approval
Chainlink price prediction for May end
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 9% surge in its price. Despite being 68.4% 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 $16.85 and a maximum of $20.54. Additionally, the average price of LINK is expected to be in the range of $18.70.
Also read: From $41 to $710 Million: The Unbelievable Bitcoin Pizza Day Story
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.
Also read: Shiba Inu: Machine Learning AI Predicts SHIB Price for May 25