By market capitalization, this is considered one of the top 40 cryptocurrencies. This is the platform which managed to succeed during the year 2018 when others suffered downward trends in price. It is reported that it hit up to 66% rise during one day in 2018. It is set to organize collaborations with such other companies as STK, ETHA and Mobilum to aid integration of Chainlink and their services into smart contract projects of respective firms.
Chainlink enables linking of cryptocurrency in a decentralized format. By the use of Link token, the company is able to pay its chainlink node operator. The ERC20 token allows for faster reception and processing of contracts within one transaction. This is a very smart technology which should be part of anyone’s long term investment plan.
What is Chainlink (LIK)?
This is a platform which relies on technology to access data feeds, traditional bank account and web APIs to imitate real-world agreements which require external proof of performance such as payments at the bank. For off-feed data chains, the platform is relying on LINK token and ChainLink Node to retrieve, compute and guarantee payments hence making it a very safe mode.
The current trading value of LINK is $0.4533 being down today by 4.04$. The market cap is set at $158,649,951 with the number of LINK circulating today being 350,000,000. During the last 24 hours, the price of LINK peaked $0.4764 and the lowest price during the same period was $0.4509.
Chainlink Market Prediction by Experts
The crypto space has been receiving major performance goals from Chainlink and it is therefore worth assessing its market prediction across renowned sites and personalities.
This site has predicted the price of LINK on a monthly basis and states that by the end of 2019 Chainlink has the possibility of hitting $0.78 on the higher end and a low of $0.53.
This is another site which is predicting the future of cryptocurrency. It is of the idea that by the end of 2019, LINK is set for $3.18 which is a very bullish and optimistic goal. They have also given an unbelievalble prediction of up to $300 for the company by 2023.
Digital Coin Price
The monthly prediction of the price for LINK according to Digital Coin Price indicate a doubling value by the end of 2019, to the tune of $0.743.
This is a site which is normally very conservative when it comes to price prediction for cryptocurrencies. They have projected that the price of LINK might go around $0.325 by the end of 2019.
Our Verdict On 2019 Chainlink Crypto Prediction: Is Chainlink A Good Investment?
Chainlink has a tendency of partnering with big companies to make things work smoothly such as connection of users and facilitation of exchange value among blockchain ledgers. Such kinds of collaboration bring about better payment gateways and APIs as well as more data. Therefore, with the myriads of updates and integrations in the course of 2019, Chainlink might attain the coveted $0.907602.
ChainLink Price Prediction 2019
Recently, there was a huge boost to chainlink when Binance added up to four pairs, which are all stablecoins, of Chainlink to its list. Chainlink also has the possibility of integrating such institutions as Web3 Foundation and Polkadot which necessitate independent blockchain platforms to exchange data. Therefore, considering the advancements, LINK might reach $0.9 by the end of 2019.
2020 Chainlink Price Prediction
Layer-2 conditional payment may be prompted following Celer’s partnership with LINK thus bringing real-world info to scalability problem by 2020. This is likely to lower the cost and micro-payments may be made possible. This may give better results comparable to centralized exchanges on the blockchain. Therefore, by the end of 2020, Chainlink might attain the price of $1.815204.
Chainlink Future Price Prediction in 5 Years
Due to its achievements as well as developments, there are possibilities of this company being the best in the crypto space in the next five years. Both partnership and adoption rates are expected to rise in the next half a decade. When all these are combined together, there are high chances that LINK might reach high value of $2.269005 by 2023.
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Whaleagent.club content should not be considered as an investing parameter and the user should do their own research before investing. Price prediction is based on the data collected from various sources.