Chainlink (LINK) Price Prediction 2025-2030: LINK to $500 by 2030?

ambcrypto.com:

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] had gained by more than 10% in 24 hours, at press time. Enticing, but a drop in the bucket compared to what it lost in the crypto-winter that spared no one. In fact, LINK saw its value plummet by more than 83% from its all-time high of $52.88 in May 2021.

So, is this surge indicative of a reversal, or is now not a good time to get into LINK? This article will talk about the crypto ranked twenty fourth by market capitalization and touch upon what are the important factors to consider.

Chainlink is the largest oracle project in terms of market cap and total value secured, and number of crypto-projects associated with it. An oracle is basically a software that acts like an intermediary between the on-chain and the real world.

Source: Chainlink

Here’s a fun fact from Defi Llama – Chainlink is securing more value than all of its competitors combined. The network has secured more than $15 billion from protocols that rely on its data feeds. At the time of writing, data revealed that LINK was trading at $9.05. Its market capitalization stood at $4.07 billion with $504.18 million being traded in 24 hours.

Source: LINK/USD, TradingView

In May 2021, Sergey Nazarov, Co-founder and CEO of Chainlink, disclosed in a podcast that Chainlink is estimated to have 60% of the market share.

A monopoly like this has its cons. For instance, during the Terra collapse, Chainlink caused a $11.2 million loss to the Venus protocol. This, when the latter was unable to access accurate data from Chainlink’s price feed.

In fact, the Chainlink ecosystem boasts some big names like