Buy Chainlink: Analysis and Forecast until 2025
Published: 14 April 2021 by Andrew
Until now, the most representative blockchains of the crypto world, such as Bitcoin, Ethereum and Ripple, were independent entities, without connections between them and without connections with the real world. But now there is something new on the market, and that is why a race to buy Chainlink has begun among cryptocurrency investors.
But why all this interest?
Because Chainlink created what was missing, it made a bridge to connect the various blockchains and the real economy.
The project is still in progress but it is very well done and stands for new economic opportunities for Smart Contracts and DeFi, but let’s go in order.
First of all, how do you buy Chainlink? Just follow these 4 steps:
- Register with a regulated CFD Broker like eToro
- Practice on the Demo account to familiarize yourself with the platform.
- Make the minimum deposit required
- Check if it has Chainlink on his platform and start investing
This method allows you to buy Chainlink without paying commissions, in a safe and regulated way.
Here is a list of the best cryptocurrency platforms on the market, choose the one you prefer for your investments, they are all reliable:
Min. Deposit: 50€
Min. Deposit: 100€
Min. Deposit: 50€
Min. Deposit: 250€
Min. Deposit: 100€
Min. Deposit: 250€
Buy Chainlink: little history
As we mentioned in the introduction, Chainlink is a unique project in the sea of emerging cryptocurrencies available on the market.
Its business model is based on the development of Smart Contracts, the so-called smart contracts that can automatically execute instructions when certain conditions are met.
These contracts need accurate and secure information to function and Chainlink has created a network to offer this information: The Network of Oracles.
It is a decentralized, anti-tampering network that allows DeFi (Decentralized Finance) to function efficiently.
Chainlink hopes to decentralize the internet to bridge the gap between blockchains and applications that exist in the real world.
The idea for Chainlink was born from an organization called SmartContract, founded in September 2014 by its CEO Sergey Nazarov and CTO Steve Ellis.
The operators of the Chainlink nodes extract data from the real economy and convert them into formats compatible with the blockchain. In return they receive the LINK token as a reward, an Altcoin based on Ethereum’s ERC-20 token.
How to Buy Chainlink
The project is very interesting and to buy Chainlink you need reliable intermediaries, and possibly without commissions, so as to save money but invest in safety.
The main methods to buy Chainlink are cryptocurrency exchanges and CFD brokers. In the table below we have compared them:
|Cryptocurrency Exchange||CFD Broker|
Summarizing further we can say that:
- Exchanges are expensive (there are commissions to pay), unsafe (they suffer frequent cyber attacks) and allow you to earn only in the event of a rise in prices.
- CFD brokers, on the other hand, are safe and regulated, they do not charge commissions and also offer the possibility of earning when prices fall.
Buy Chainlink with the best platforms
As you have seen, CFD brokers are the most suitable intermediaries to buy Chanlink and speculate on the fluctuations of this cryptocurrency.
If, on the other hand, you want to keep the cryptocurrency over time, you are not interested in online trading but you want to use the token to exchange it for other coins, you can also consider using the Exchange, despite the commissions and the lack of security.
Since most of you are interested in trading, speculation, short-term gains, we offer you the best platforms to buy Chainlink: eToro, ForexTB and IQ Option.
When you have chosen the platform you prefer you will have the possibility to:
- Buy the Chainlink CFD to earn from the price increase
- Sell the Chainlink CFD to profit from the price drop
Once the desired price has been reached, you can close the operation and the eventual profit will be net, there will be no commissions to pay.
eToro is the most popular online broker in the world and its reliability is proverbial.
It operates under the supervision of CONSOB in Europe and under the control of many other supervisory bodies at international level.
Its trading platform is very intuitive and to buy Chainlink you need to register with eToro, select Chainlink on the platform, click on “Invest”, decide whether to buy or sell the cryptocurrency and how much to bet in the single operation.
We know that not everyone loves “manual” trading and prefers automatic investments. eToro has also thought of them by patenting Copy Trading.
This system is not the usual trading algorithm, the automation allows you to copy what traders do in the flesh! And you will be the one to select them in the “People” area of eToro.
To use Copy Trading you must follow these steps:
- Register on eToro
- In the “Copy People” section, choose the traders to copy, based on their returns, filtering (if you want) those who invest in cryptocurrencies.
- With a click, Copy Trading will copy the operations of the chosen traders to your account.
At that point you will get the same returns as these trading experts (in proportion to the investment made), at no additional cost.
To give you an idea of the returns that traders get on eToro, here is a screenshot in the “Copy People” area:
Click here and choose which trader to copy
ForexTB is one of the intermediaries that is getting more noticed on the market, above all thanks to the excellent services it offers to users.
He has obtained the prestigious CySEC license which is valid in Europe and has created the most appreciated Trading Course in the category, the most downloaded pdf ever in the sector.
This course allows you to understand how trading works and the strategies to be implemented to be profitable.
This is a free ebook, download it now from the link below:Click here and download the trading course for free
Among the most popular services of ForexTB there is the choice between two trading platforms:
- Metatrader 4 is a platform with numerous tools available, which meets the needs of the most experienced traders.
- The web platform is simple and accessible from any browser, without downloading any software.
How do you buy Chainlink with ForexTB? Follow these simple instructions:
- Register on ForexTB
- Make a deposit of at least € 250
- Select the platform you prefer
- Look for Chainlink among the available CFDs and click on Buy or Sell
- Decide how much to bet in the operation
IQ Option has obtained a regular CONSOB license valid in Europe and is a very modern and economical broker.
Economical because in addition to offering low spreads, it allows you to open a trading account by depositing only 10 euros.
This figure is practically symbolic and allows anyone to start investing and buying Chainlink with a few euros.
If you want to practice without risking anything, not even those 10 euros, you can do it thanks to the Demo account that this Broker makes available.Click here to access the IQ Option Demo account
But how do you buy Chainlink on IQ Option? Here are the 4 steps to follow:
- Register on IQ Option
- Make a deposit of at least € 10
- Search Chainlink among the available cryptocurrencies and click on Buy or Sell
- Decide how much to bet in the operation
Opinions on Chainlink are not unanimous but there is a lot of enthusiasm around this project which represents a real novelty in the sector.
The connection between the various blockchains and above all that between the real economy and the crypto world is undoubtedly the missing piece for developing Smart Contracts and DeFi in an organic way.
Not everyone believes that the LINK token will continue its upward run, but we will talk more about this in the next paragraphs. For now, let’s see the path taken so far by this cryptocurrency.
In the historical chart of Chainlink you see below, it starts from about 2 cents in 2017 up to the current peak of over 37 dollars!
Is it worth to buy Chainlink?
This is the question that all investors in the sector are asking: Is buying Chainlink worthwhile? Or is it a “flash in the pan”?
Analysts are mostly optimistic about the future of this cryptocurrency, mainly because at the base there is a project that has to do with the real economy, and it is the first of its kind.
It is also true that others will arrive who will try to do everything better and with fewer resources, but Chainlink is the first truly functional network of Oracles used by Smart Contracts and Decentralized Finance, so it will be difficult to replace.
Furthermore, the network of Oracles can also be used by different blockchains, not only from the Ethereum one on which Chainlink is based. This is also a significant and still underutilized advantage.
The prospects for expanding this network are concrete, but how are the forecasts on Chainlink?
Chainlink’s price saw a very positive 2021, which started “with a bang” as for many of the major cryptocurrencies in the top positions of CoinMarketCap.
LINK’s price is making new all-time highs and analysts are struggling with their forecasts, which are exceeded well in advance by the price of the cryptocurrency.
The chart below shows Chainlink’s past 12 months, which have shown impressive progress:
The future involvement of major institutional investors who are starting to consider buying Chainlink and supporting this network of Oracles could lead LINK to exceed $ 50 by the year.
Chainlink forecast 2022
The forecasts for 2022 are bullish and although analysts expect a retracement, which sooner or later there will be, they are also convinced that next year Chainlink will well exceed $ 60.
The most optimistic believe that the current momentum is sufficient for a very positive 2022, which could lead LINK to break through the $ 100 level by the end of next year.
Chainlink forecast 2025
Long-term forecasts for cryptocurrencies are difficult, this market is very volatile and the swings are large and frequent, so take these forecasts with “springs”.
Leading cryptocurrency analysts believe buying Chainlink is a lasting investment, and some have made target assumptions above $ 500 by 2025.
We do not recommend making long-term investments in cryptocurrencies, they are very unstable and offer greater possibilities of profit if you make short-term operations, even Intraday trading, always closing the trades at the end of the day.
This way you could lose some profit points, but you will be less exposed to Drawdown risks.
Compared to many other cryptocurrencies, with projects that are still not very concrete or in any case not too original, Chainlink definitely makes the difference.
His network of Oracles works, is already being used for Smart Contracts and is unrivaled at the moment. This is the reason for so much enthusiasm even on the part of large investors.
But as we said, it is better not to focus too much on the long term, in this sector things change rapidly. Now buying Chainlink is undoubtedly a good investment but in a year, few really know if it will still be.
Fortunately, CFD brokers are ideal intermediaries to take advantage of short-term fluctuations, they do not charge commissions and also allow you to aim downwards, if necessary.
If you already have trading experience, the brokers we have proposed are an excellent solution for buying Chainlink.
If you are just starting out and want to practice, there are Demo accounts, provided for free by the platforms we have reviewed.
These accounts are free and allow you to trade using unlimited virtual money, without taking any risks. Once you feel ready, with a simple deposit you can quickly move on to real investments.
Here are the official links to access the Demo accounts of the best cryptocurrency trading platforms:
- Register for free on the eToro Demo account by clicking here
- Log in for free on ForexTB and try the Demo account by clicking here
- Register for free on the IQ Option Demo account with this link
Forecasts from leading market analysts are bullish for this cryptocurrency.
The Chainlink historical chart shows the transition from about 2 cents in 2017 to 37 dollars in 2021.
Forecasts on Chainlink for 2025 push up to a target price of $ 500.
To invest in this cryptocurrency it is advisable to use CFD brokers such as eToro, they are safe and without commissions.