Bitcoin
BTC$61 458.98

1.11%

Ethereum
ETH$4 082.48

2.76%

Binance Coin
BNB$482.29

0.16%

Cardano
ADA$2.16

0.70%

Tether
USDT$1.000592

0.06%

Solana
SOL$199.26

-3.69%

ChainLink price prediction for 2019


There have been many cryptocurrency holders who watched in disbelief how the much-anticipated bull market had entered into a prolonged consolidation and then made two huge dips on July 10 and September 23. And now, the talk about the looming bear market, which sometimes is on the brink of panic, has once again emerged in the crypto community.

However, there is a coin that appears to be the healthiest among all altcoins, and it bears the name of ChainLink (LINK). After the September mini-crash, which saw the entire crypto market blinking red for the duration of several days, with some coins taking more than a 20% nosedive, LINK has already shown enough inner strength to recover and even start making hints at an incipient uptrend.

ChainLink fundamentals


In essence, ChainLink represents a decentralized oracle service, the primary purpose of which is to establish a sustainable connection between the proprietary smart contracts and the real-world data. The coin was launched in 2017 and, since that time, granted the early investors, which purchased LINK at the ICO price of $0.11 per coin, an ROI of 1,155.12%, as of the time of writing.

The ChainLink network provides means for connecting web APIs, retail payments, market data, and other types of blockchains with their network of oracles to form an innovative crypto infrastructure. The fact that as many as five globally recognized banks: Barclays, Santander, BNP Paribas, Societe Generale, and Fidelity International, have taken a keen interest in the technology that ChainLink has to offer, speaks favorably of the future evaluation of LINK. Perhaps everyone has been so preoccupied with guessing, who’s going to be the Ethereum killer that they had missed the emergence of the Ripple slayer in the face of LINK.

ChainLink price prediction for 2019


Currently, LINK is in a small cohort of top 20 cryptocurrencies that are trading above the critical 200-day moving average, having recovered strongly from the almost 30% retraction after the now infamous September downfall. Moreover, the coin did so in a very swift fashion, going back from the lows of $1.46 to its monthly high of $2 in just ten days. It appears that LINK has successfully tested the support of $1.5, and now gathers strength for the break to the upside, on the condition that it would flip $2 level to being the support.

Should that happen, ChainLink will seek resistance at $2.5, which might take a couple of weeks to a month. The fact that LINK managed to comfortably break the golden pocket of the Fibonacci retracement, as well as bullish sentiment showed on the crypto fear & greed index, confirm that LINK is about to go on a bull run that may well end up in the coin surpassing the June high of $4.58 by the end of the year.

What to expect from LINK in 2020


The year 2020 might bring the solution to the ChainLink’s layer 2 scalability issue, which the project is currently trying to resolve together with Celer, and allow the introduction of the micro-conditional payment. This alone would have an immensely positive impact on the price of LINK, which is likely to continue its upward journey in the first half of 2020, with consolidations after breaking the important resistance levels. Given that bears would finally loosen their grip on the market, the price of LINK can easily challenge the $10 level by the autumn of 2020. 

 Author: Alex Paulson for Crypto-Rating.com

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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 63.6% 76 $61 458.98 1.11% 0.86% $1 158 625 753 535 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.6% 57 $4 082.48 2.76% 4.46% $481 915 061 527 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 70% 60 $482.29 0.16% 3.20% $80 446 405 900 BNB 7 days price change
4 Cardano (ADA) ADA Cardano predictions 87.6% 12 $2.16 0.70% -1.89% $71 167 764 217 ADA 7 days price change
5 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000592 0.06% 0.08% $69 615 287 907 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 69.2% 55 $199.26 -3.69% 24.90% $59 943 388 956 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 71.6% 52 $1.096591 -0.01% -4.83% $51 480 920 850 XRP 7 days price change
8 Polkadot (DOT) DOT Polkadot predictions 60.4% 79 $43.95 -1.00% 3.42% $43 402 953 033 DOT 7 days price change
9 USD Coin (USDC) USDC USD Coin predictions 95.2% 1 $1.000647 0.05% 0.06% $32 532 146 411 USDC 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 72.8% 56 $0.246780 2.75% 2.73% $32 529 149 725 DOGE 7 days price change
11 Terra (LUNA) LUNA Terra predictions 69.2% 65 $43.20 0.80% 16.53% $17 346 794 216 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 74.8% 49 $25.88 0.71% -5.55% $15 826 587 358 UNI 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 67.6% 65 $66.01 -2.29% 10.46% $14 541 070 585 AVAX 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 74% 49 $31.21 8.63% 10.49% $14 389 277 934 LINK 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 66.8% 75 $61 467.14 1.06% 0.81% $13 589 956 947 WBTC 7 days price change

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