Reading Time
~ 5 minutes
Spread the Word
Chainlink price prediction
Advertisement
Invest at your own risk

We will be taking into account historical price trends, developments, and market opinions for LINK so that we can create a Chainlink price prediction for June 2020.

Chainlink Overview

What is Chainlink (LINK)Chainlink is an oracle network that intends to link smart contracts with real-world data. LINK, the cryptocurrency of the network, is used as payment for node operators and to effectuate transactions.

LINK is currently ranked in 14th position based on a market cap of $1,592,040,368, with a 24-hours trading volume of $471,331,373 worth of LINK. There are 350.000.000 LINK coins in circulation out of a total supply of 1.000.000.000 LINK. The price of LINK is $4,55, with an increase of 3.45% in the last 24 hours.

Chainlink Price Prediction: Analysis

Chainlink is considered one of the best performing altcoins in the last 12 months, as it increased nearly 4x from its $1 price of last May.

But throughout April, Chainlink recovered from its fall to $1,97 on March 12th, starting May at a price of $3,72.

chainlink price chart

The coin has maintained a sideways movement in the past few weeks, failing to get back to a bullish momentum after it faced multiple rejections at the $4.2 resistance level. The highest value LINK reached this month was $4,15, on May 21st.

linkusd_chart

The price is now locked in a tight range, trading between the upper limit at the $3.96 mark and the lower of $3.76 since May 17th.

The price trend seems rather indecisive at this point, as bulls and bears have been taking turns to keep LINK in this horizontal price movement.

chainlink chart

The resistance, pivot, and support levels calculated by WalletInvetsor are:

  • Resistance Level (R3): 4.287
  • Resistance Level (R2): 4.161
  • Resistance Level (R1): 4.093
  • Pivot Point: 3.967
  • Support Level (S1): 3.899
  • Support Level (S2): 3.773
  • Support Level (S3): 3.705

Developments

Chainlink has had a very busy schedule this May, with new partnerships and integrations.

On May 19th, the Kadena project, which is spearheaded by former JPMorgan blockchain leads, has struck a partnership with Chainlink to use its existing set of off- and on-chain oracles for pricing Kadena-based assets.

On May 21st, the Lien protocol system for crypto products announced that it will be integrating with Chainlink’s ETH/USD price feed to settle the Stable and Leveraged bond token. Tezos is another blockchain that plans on using Chainlink’s decentralized pricing oracles for sourcing real-time data for community projects on the Tezos network.

On May 26th, Digitex Futures crypto derivatives trading exchange made public that they will be integrating Chainlink’s (LINK) decentralized price reference contracts to generate consistent and accurate price data without fluctuation.

On May 29th, the Force Protocol, an important player in decentralized finance, has announced that it will integrate Chainlink to provide reliable data for token prices.

Chainlink Price Prediction: Market Opinion for June 2020

Since several sites have made their own Chainlink price prediction, and as usual, we will be including some of them to better convey the general market sentiment for LINK.

TradingBeasts

TradingBeasts predicted that LINK will begin in June at a price of $3.38537. The site expects the coin to have a maximum price of $4.26410, a minimum price of $2.89959, and a closing price of $3.41128 for the month. The change for June was calculated at -11.62%.

Digitalcoinprice

Digitalcoinprice’s Chainlink price prediction foresees a price of $3.95 for LINK in June, with a decrease of -1.3%.

Coinpredictor

Coinpredictor forecasted that the price of LINK will reach $1.71, with a decrease of -21.1%, in the first week of June, and towards the end of the month, the site projected an increase of +17.7%, placing the coin near $2.55.

Bitverzo

Bitverzo’s Chainlink price prediction extends for all of the days in June, along with their average, minimum, and maximum values.

Date Average Low High
Tuesday, June 2, 2020 0.298670 0.058520 0.517205
Wednesday, June 3, 2020 0.292048 0.043731 0.523160
Thursday, June 4, 2020 0.288567 0.067594 0.534890
Friday, June 5, 2020 0.292546 0.051025 0.524386
Saturday, June 6, 2020 0.306230 0.080030 0.526925
Sunday, June 7, 2020 0.302932 0.074057 0.528353
Monday, June 8, 2020 0.300127 0.078693 0.542898
Tuesday, June 9, 2020 0.297768 0.049953 0.525649
Wednesday, June 10, 2020 0.291146 0.080608 0.521283
Thursday, June 11, 2020 0.287666 0.068793 0.513401
Friday, June 12, 2020 0.291645 0.052143 0.522035
Saturday, June 13, 2020 0.305329 0.078241 0.544525
Sunday, June 14, 2020 0.302032 0.082901 0.522946
Monday, June 15, 2020 0.299226 0.084098 0.528599
Tuesday, June 16, 2020 0.296868 0.050034 0.514986
Wednesday, June 17, 2020 0.290246 0.056725 0.514399
Thursday, June 18, 2020 0.286766 0.054015 0.514251
Friday, June 19, 2020 0.290746 0.054857 0.526111
Saturday, June 20, 2020 0.304431 0.091742 0.549296
Sunday, June 21, 2020 0.301133 0.077294 0.531156
Monday, June 22, 2020 0.298328 0.071171 0.522171
Tuesday, June 23, 2020 0.295970 0.060242 0.537989
Wednesday, June 24, 2020 0.289348 0.059753 0.512037
Thursday, June 25, 2020 0.285869 0.059217 0.517367
Friday, June 26, 2020 0.289849 0.050480 0.511179
Saturday, June 27, 2020 0.303534 0.083214 0.550379
Sunday, June 28, 2020 0.300237 0.077637 0.525969
Monday, June 29, 2020 0.297432 0.048508 0.509231
Tuesday, June 30, 2020 0.295074 0.059192 0.507493

Cryptoground

Cryptoground projected that Chainlink will hit a price of $1.7095, with a decrease of -57.14 in the first week of June, and by the end of the month, LINK is estimated to reach a price of $1.8127, with a drop of -54.56%.

Cryptorating

Cryptorating forecasted that LINK will reach a price of $4.34, with a rise of 8.23% in the first week of June, and by the end of the month, the coin is estimated to reach a price of $5.99, with an increase of 49.38%.

Gov.capital

Gov.capital forecasted that Chainlink will start June with an average price of $3.919, a maximum expected price of $4.50685, and a minimum price of $3.33115. The site also listed daily predictions for the rest of the days in June.

Calendar date Regular Least possible price Best possible price
2020 June
2020 June 01, Monday  3.919  3.33115  4.50685
2020 June 02, Tuesday  3.958  3.3643  4.5517
2020 June 03, Wednesday  3.990  3.3915  4.5885
2020 June 04, Thursday  3.939  3.34815  4.52985
2020 June 05, Friday  4.021  3.41785  4.62415
2020 June 06, Saturday  4.088  3.4748  4.7012
2020 June 07, Sunday  4.084  3.4714  4.6966
2020 June 08, Monday  4.035  3.42975  4.64025
2020 June 09, Tuesday  4.030  3.4255  4.6345
2020 June 10, Wednesday  4.058  3.4493  4.6667
2020 June 11, Thursday  4.070  3.4595  4.6805
2020 June 12, Friday  4.101  3.48585  4.71615
2020 June 13, Saturday  4.181  3.55385  4.80815
2020 June 14, Sunday  4.309  3.66265  4.95535
2020 June 15, Monday  4.322  3.6737  4.9703
2020 June 16, Tuesday  4.348  3.6958  5.0002
2020 June 17, Wednesday  4.440  3.774  5.106
2020 June 18, Thursday  4.466  3.7961  5.1359
2020 June 19, Friday  4.491  3.81735  5.16465
2020 June 20, Saturday  4.468  3.7978  5.1382
2020 June 21, Sunday  4.394  3.7349  5.0531
2020 June 22, Monday  4.388  3.7298  5.0462
2020 June 23, Tuesday  4.445  3.77825  5.11175
2020 June 24, Wednesday  4.480  3.808  5.152
2020 June 25, Thursday  4.629  3.93465  5.32335
2020 June 26, Friday  4.683  3.98055  5.38545
2020 June 27, Saturday  4.755  4.04175  5.46825
2020 June 28, Sunday  4.779  4.06215  5.49585
2020 June 29, Monday  5.395  4.58575  6.20425
2020 June 30, Tuesday  5.527  4.69795  6.35605

WalletInvestor

WalletInvestor listed daily predictions for the first 8 days of June, also including the minimum and maximum values of the coin for each individual day.

Date Price Min Price Max Price
2020-06-03  4.458  4.281  4.638
2020-06-04  4.449  4.280  4.616
2020-06-05  4.502  4.327  4.683
2020-06-06  4.571  4.389  4.738
2020-06-07  4.529  4.362  4.706
2020-06-08  4.589  4.424  4.766
2020-06-09  4.617  4.440  4.791
2020-06-10  4.599  4.411  4.768
2020-06-11  4.590  4.407  4.758
2020-06-12  4.643  4.470  4.824

Chainlink Price Prediction: Verdict

With this, we conclude our Chainlink price prediction. From what we can see on other cryptocurrency prediction sites, LINK will mostly remain the same in June, with a possible decrease.

Featured image: newsbit.nl

Notice: The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.