The positive sentiment throughout the cryptocurrency sector is undeniable. Indeed, the asset class has thrived throughout most of the year, but that pales in comparison to what some expect when the calendar turns. Among the assets with the most potential is Chainlink, as it is set to win big in 2025, with analysts suggesting LINK has an $80 upside for the coming year.
Chainlink has been thriving despite a price correction taking place throughout the holiday season. As the market anticipates a thriving year ahead, it could be one of the biggest risers. Indeed, whales have already made their presence felt, acquiring 1.37 million LINK over the last five days alone.
Source: Chain.link
Also Read: Chainlink: LINK Up 53% This Year as January Preps Record-Breaking 2025
Chainlink to $80 Next Year? Why LINK Could Far Exceed 39% 2024 Gains
Bitcoin has led a monumental bull rally for cryptocurrencies this year. The leading digital asset surged beyond a $100,000 price for the first time in its history. Moreover, it became the very first crypto-based ETF in the United States. Its performance has certainly been impactful for several tokens that have benefitted.
One of the biggest risers has been Chainlink. Although the token is only up 39% this year, its potential has surged through the roof. Indeed, it has a massive year ahead, and with Chainlink looking to win big in 2025, analysts are expecting $80 upside for LINK.
Over the last 30 days, LINK has only increased 23%, according to CoinMarketCap. Yet, it has struggled to find its footing more recently. The last seven days have seen it lose 1.6% of its value to trade at the $22 level. Additionally, it has placed the hope of LINK ending the year above the $30 level in jeopardy.
Source: Binance Academy
Also Read: Chainlink (LINK) to Rebound 160% From December Drop: Here’s When
However, experts are still projecting huge things for Chainlink in the coming year. Indeed, cryptocurrency price prediction platform CoinCodex has noted LINK could be eyeing a $81 maximum price in May of next year. Moreover, they note that the token could be set to surge as early as January.
According to the platform, Link should reach a monthly high of $43 in January. That will only continue the next month, where it eyes a $60 high, an increase of 162% from its current position. Altogether, it has 261% gains potentially ahead, as its May high would represent a new all-time high for the asset.
A big reason for the projected increase is the token’s partnership with Donald Trump’s World Liberty Financial platform. That has only led to a sea of other rumored partnerships. Among them is a collaboration with $11.5 trillion asset manager BlackRock. Such a move would be huge for LINK and its $80 potential.
