Chainlink Price Analysis: Coin Aims to Cross the $2.00 Mark very Soon

The price of the coin is hovering at the mark of $1.98 and is flowing up with a percentage of + 1.81%. With this gradually upward movement, coin can cross the $2.00 mark in upcoming days.

ChainLink News and Events

Chainlink is announcing its first virtual hackathon from 14th Oct to 31st Oct. The Chainlink official channel says:

We’re thrilled to announce Chainlink’s first virtual hackathon from Oct 14-31. There are over $60k in bounties for developers building the best connected smart contract applications using #Chainlink oracles.

ChainLink Price Statistics

The market cap of the coin is holding the mark of $687,077,316 USD out of the whole market cap of cryptocurrency. The twenty-four hour volume of the token is standing at $100,842,686 USD. The circulating supply of the coin is 350,000,000 LINK out of the total supply 1,000,000,000 LINK.

Chainlink Price Value

Currently, at the time of writing, the price value of the coin is $1.98 USD and 0.00024169 BTC.

ChainLink Price Comparison

The six-month price comparison of the coin shows the downward behavior in the trend line of the coin. The price of the coin was standing at $4.34 on 29th July 2019. But after that, the token could not maintain its performance and started to flow in the downward direction and reached the point of $1.47 on 13th Sep which is the lowest trading point of the coin during these six months. The price of the token has decreased down with a percentage of -63.50 during this period.

The six-month comparison chart of Chainlink is given below:

ChainLink Price Prediction

The performance of the coin has been down and the price of the token has mostly been fluctuating. The coin has shown recovery in previous days. On the basis of our analysis, we can say that the price may flow in the upward direction from now on.

Conclusion

The coin is flowing down showing a minimum chance of recovery as the price is constantly going in the downward direction from the last two days. So if it does not recover itself in upcoming days then it can touch the reddish circle.

Leah Hutton

Leah Hutton has recently joined Tokenhell team as a freelance writer. She has comprehensive knowledge of blockchain and various cryptocurrencies.

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