Chainlink (LINK) Price Prediction 2025-2030: What will trigger LINK’s bid for $500?
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, the crypto-ranked twenty first by market capitalization, has had a rather eventful month. Its native token LINK has gained by more than 16% in value since the beginning of the month, with its market cap seeing similar gains.
The most optimistic news, however, is the fact that on 28 September, LINK managed to hit a 5-week high of $8.4 and have $1.3 billion worth of tokens traded in 24 hours.
There have been some major developments in the network over the past few days. Chainlink recently announced SCALE, a sustainable feature that aims to aid the growth of layer 1 and layer 2 ecosystems. This feature would also allow operational costs of oracles to be covered by dApp user fees.
Speaking at SmartCon22, Chainlink Co-founder Sergey Nazarov unveiled plans to launch staking at the end of 2022, in addition to a new economic model for the Web3 services platform.
On 29 September, SWIFT, the international banking network, announced a collaboration with Chainlink in order to develop a cross-chain interoperability protocol (CCIP) in an initial proof-of-concept (PoC). This move will pave the way for institutional adoption of Distributed Ledger Technology (DLT).
According to Chainlink’s official website, the transaction value enabled by the network so far is a whopping $6.1 trillion. At the time of writing LINK was trading at $7.45, down more than 2.5% over the last 7 days. Market capitalization stood at $3.66 billion, with a 24-hour trading volume of $762 million.
The altcoin has a “Buy” signal from TradingView, which has an optimistic outlook on it. In fact, its
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