The ongoing cryptocurrency bull market has propelled a host of assets to challenge their yearly highs. One of the big surprises has been Chainlink; with the token up almost 100%, all eyes are on whether LINK can surge to the $50 mark by the end of 2024. Indeed, such an increase would see the token near its all-time high mark of $52 set in 2021.
Over the last month, the asset has seen institutional investment interest increase, ultimately increasing the overall appeal of the cryptocurrency. Moreover, the asset is looking to boost its technological abilities and cooperation within the sector itself to increase its overall reach and market share. Altogether, LINK should be in for a massive 2025.
Also Read: Chainlink Outperforms Bitcoin & Ethereum, Where Will It Go Next?
Chainlink to $50? LINK Eyes a Return Toward Its All-Time High Before 2025
The last month has been massive for the cryptocurrency sector. Since Donald Trump’s 2024 election win, the industry has seen interest and participation skyrocket. Indeed, its surge has been led by Bitcoin, which surpassed six figures for the first time in its history. Moreover, it has propelled the value of a host of other cryptocurrencies.
One of the biggest surprises has been Chainlink; with it up almost 100%, there is talk that LINK could target $50 before 2024 is through. Specifically, the cryptocurrency is up more than 99.7% in the last 30 days, according to CoinMarketCap. Additionally, its 36% jump in the last seven days has it trading firmly above the $28 mark.
Also Read: Chainlink Doubles Investor’s Money; Should You Invest in LINK Now?
With $30 on the horizon, things are only expected to go up from here. LINK is among the crop of tokens that experts are projecting big things from early next year. With Trump set to be integrated for his second nonconsecutive term, another boost to cryptocurrencies has become increasingly likely.
Crypto price prediction platform CoinCodex is projecting big things for Chainlink. Specifically, they note that LINK is expected to reach a monthly high of $44 in January. Moreover, it would be approaching its most bullish month in May, where it is expected to increase almost 200% from its current projection
The token Is currently not projected to break far above $30 before 2025 arrives. However, it has its sights set on history within the next several months. March should see LINK set a new all-time high of $55. Just a month later, it should usurp that mark, setting a record price of $71. Thereafter, it should once again reach a new high of $83, ultimately setting the top mark for the year.
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