Chainlink back in the crypto top 10 and LINK price prediction

Chainlink, the largest DeFi coin (Decentralized Finance), has been battling Dogecoin and Tron for tenth place for a few days now.

All this happens at a time when Bitcoin and other major altcoins are barely moving. That’s remarkable, and it probably means that major crypto investors (aka whales) are taking a position. Will Chainlink be the star of the next bull run?

Chainlink looks ready for a comeback

The buzz around Chainlink was fairly quiet in 2022 and 2023, but at the beginning of 2024 the largest DeFi coin seems ready to step into the spotlight once again.

In the past week, major crypto investors (aka whales) seem to be taking positions as the Bitcoin halving (and thus a possible bull run for altcoins) is approaching. Chainlink in particular seems to benefit from this.

The last time the largest DeFi coin was constantly in the news, it even reached fifth place on the crypto top 100. That was in the summer of 2020, when DeFi was trending for a first time.

Chainlink declined somewhat in the following years, but apparently continued to make technological progress. Now that institutional investors on Wall Street are looking for altcoins with a longer lifespan that they can offer in a diversified portfolio, Chainlink appears to be poised for a comeback.

omG .. omG … marines… it’s happening… shorts are getting recked… haters are getting shamed #LINK $LINK will be unstoppable @chainlink pic.twitter.com/nKsd0x75u6

— G30RG3 FR33M4N 🇬🇧 (@G30RGE_) February 5, 2024

In the past week alone, the Chainlink price rose about 13%. The digital currency earlier this week traded at the highest level of the past 22 months. The ‘Chainlink Marines’, the coin’s fans on social media, are clearly very happy with the news and have been flooding X with memes.

Chainlink price prediction

Investors have high expectations for the Chainlink price. Chainlink can tokenize Real World Assets (RWAs), leading to high future expectations. The RWA market has the potential of trillions of dollars.

Chainlink is the only platform that can power tokenized #RWAs at scale.

Seven services. Hundreds of trillions of dollars. One platform. pic.twitter.com/w3sJ5G2LOo

— Chainlink (@chainlink) January 27, 2024

@QuintenFrancois believes that Chainlink will become one of the top 3 coins in the future (with a price of $200 per LINK), and Crypto Rover predicts that Chainlink will reach $100 in 2024.

Six months ago, Chainlink was trading at around $6; now it’s at $19, a 162% increase. The all-time high for LINK was $52.