Chainlink (LINK) Price Eyes Phenomenal Breakout as Crypto Researcher Predicts 'Quadruple Digit' Target

Chainlink price could be eyeing a phenomenal breakout following its recent recovery from weekly lows. Following this, a crypto researcher has said that a LINK “quadruple digit” price is inevitable in the long run.

Chainlink price surged on Monday morning as Bitcoin price continued to rally and following a key announcement from Chainlink founder Sergey Nazarov at the Sibos 2024 conference. One crypto analyst now thinks that a four-digit Chainlink price is on the cards.

Chainlink price increased by 5.3% during London pre-market hours on October 25 to hit $12.02, making LINK one of the top 100 coins by market capitalization to post the highest gains for the day.

The gains follow a surge in Bitcoin price late Thursday, which saw the flagship cryptocurrency rally past $69,000 and pulling the rest of the crypto market up with it.

Chainlink also featured heavily at the Sibos 2024 conference, which concluded on October 24 and saw Nazarov give a keynote address. The Chainlink founder announced several new products and use cases for Chainlink, which had investors speculating how high the Chainlink price could go from its current levels, which many believe to be a huge discount.

Crypto analyst LINKCollector, who has been tracking Chainlink price for several years, said that a four-digit Chainlink price is inevitable. He added that every “speculation” since LINK was first launched has come true and that Chainlink has the largest value proposition of any project in the crypto space.

Chainlink price is now up by more than 300% year-to-date and has outperformed most other top cryptocurrencies. The token began 2024 trading at around $3.50.

Chainlink price surged to all-time highs of $53 in May 2021, which means that the token has lost around 75% of its value from those peaks. Chainlink price last traded at four-digit levels in February 2021.

Chainlink price has now fully recovered from the lows of $9.50, which were last seen in mid-October following a downturn in Bitcoin price. A breakout from resistance at $12 could see Chainlink price attempt to rally towards $15.

Chainlink price analysis: Crucial breakout could spark bull runChainlink price surged on Monday morning as Bitcoin price continued to rally and following a key announcement from Chainlink founder Sergey Nazarov at the Sibos 2024 conference. One crypto analyst now thinks that a four-digit Chainlink price is on the cards.

Chainlink price increased by 5.3% during London pre-market hours on October 25 to hit $12.02, making LINK one of the top 100 coins by market capitalization to post the highest gains for the day.

The gains follow a surge in Bitcoin price late Thursday, which saw the flagship cryptocurrency rally past $69,000 and pulling the rest of the crypto market up with it.

Chainlink also featured heavily at the Sibos 2024 conference, which concluded on October 24 and saw Nazarov give a keynote address. The Chainlink founder announced several new products and use cases for Chainlink, which had investors speculating how high the Chainlink price could surge from its current levels, which many believe to be a huge discount.

Crypto analyst LINKCollector, who has been tracking Chainlink price for several years, said that a four-digit Chainlink price is inevitable. He added that every “speculation” since LINK was first launched has come true and that Chainlink has the largest value proposition of any project in the crypto space.

Chainlink price is now up by more than 300% year-to-date and has outperformed most other top cryptocurrencies. The token began 2024 trading at around $3.50.

Chainlink price surged to all-time highs of $53 in May 2021, which means that the token has lost around 75% of its value from those peaks. Chainlink price last traded at four-digit levels in February 2021.

Chainlink price has now fully recovered from the lows of $9.50, which were last seen in mid-October following a downturn in Bitcoin price. A breakout from resistance at $12 could see Chainlink price attempt to rally towards $15.

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