Connect with us

Hi, what are you looking for?



ChainLink Price Prediction – How to potentially make 50% on your investments!

Chainlink is one of the top 5 cryptocurrencies by market capitalization, surpassing USD 5.3 billion. Cryptocurrency enthusiasts are often on the lookout for solid new coins that have a solid infrastructure and provide value to the masses. Chainlink is one of those coins, that have high growth potential, and a promising future ahead.

What is Chainlink?

Chainlink has an interesting concept, as its presence doesn’t create a “threat” to other cryptocurrencies. Instead, the platform wants to advance the entire sector via its unique protocols.

Chainlink attempts to rectify one of the biggest problems facing the blockchain sector, which is how information is effectively commuinicated tthroughout blockchains. This task is usually accomplished by sensors known as oracles, which can be set up to monitor nearly any variable: company data, sports scores, account balances, stock prices…

Oracles expand the usability of blockchains because they provide a reliable way to initiate smart contracts when outside parameters are met. However, oracles are centralized. This centralization makes them the weakest spot in the blockchain. If an oracle becomes corrupted or is compromised, it puts the entire network at risk.

Chainlink Technical Analysis


Chainlink was on a healthy uptrend earlier this year until its prices shot through the roof back in August, where prices went from USD 7 all the way to USD 20, or a price increase of 186%.



LINK/USD 1-Day chart showing the pump of August 2020
Fig.1 LINK/USD 1-Day chart showing the pump of August 2020 –


Surging volumes and new partnerships pushed Chainlink price to this new all-time high. In fact, it is believed that the August price pump was due to major market hype. If we closely look at Google Trends, we notice an increased search for this crypto in tandem with the price hike.



Google Trends showing an increased interest in "Chainlink" and "Chainlink Price" Keywords on Google search across the world, in August 2020
Fig.2 Google Trends showing an increased interest in “Chainlink” in blue and “Chainlink Price” in red Keywords on Google search across the world, in August 2020

Is Chainlink still a good investment today?

The price of Chainlink managed to get out of the downtrend and broke through the upper channel, to go back to its original healthy uptrend. Google trends show “normal” search activities, correlated with the general cryptocurrency market as a whole.

LINK/USD 1-Day showing Chainlink continuation of a normal uptrend
Fig.3 LINK/USD 1-Day showing Chainlink continuation of a normal uptrend –

If you would buy Chainlink today, a sensible stop loss price would be around USD 10, where price would breakout of the lower channel. The other more likely scenario is if prices continue on their uptrend, and reaching its previous all-time high of USD 20, where you would pocket around 54% profits, and that’s in the short term, without talking about 2021.

Chainlink quick stats

  • Ticker: LINK
  • Current Price: USD 13.8
  • Yearly low: USD 1.4
  • Yearly high: USD 20
  • Short term SL: around USD 10

News Source


Trending Post


ChainLink is basically very exciting.  Users have to state that it stirs the imagination and passions of the community in ways that other projects...


Senseering offers an IOTA-based solution to create a marketplace for data that can be shared among partners. Senseering’s solution will be used in collaboration...


Cryptocurrency investment is becoming a common trend. In the fourth quarter of the year, when investments are said to start doing well, how are...


VeChain (VET), BTCMVMNT, and Team Zuby have joined forces to create a limited-edition merchandise collection dubbed “Take the Power Back.” The team says the...

Copyright © ELEVENEWS