Chainlink price continues to bounce between $10.25 and $12.38 as investors make this the new accumulation zone. The crypto asset has a huge potential to turn the industry around, and market analysts believe it could surge to a $100 billion market cap. One particular analyst has predicted the LINK market cap could surge to $100 billion by Q2 2025. Let’s explore where the price could soar if this happens.
What’s Chainlink Price if Market Cap Hits $100B?
Investor Reality, a market analyst on X, shared his reasons for thinking Chainlink will hit a $50 to $100 billion market cap by Q2 2025. This prediction comes as LINK struggles to break above the $12.50 mark amid an erratic crypto market.
$LINK run by the one and only @SergeyNazarov – @chainlink is a Oracle + RWA + De-Fi play all-in-one.– A legacy #Altcoin major back dating +7 years.– A 3+ year accumulation became support in 2024.– Upgrades: CCIP + Transporter + Sandbox.– Target $50B – $100B market cap by Q2… pic.twitter.com/bQXG6Xg2UG
— Investor Reality (@invest_reality) October 4, 2024
If this were to happen, then LINK price could see substantial gains. Currently has 626.8 million tokens in circulation. At a $50 billion market cap, the price would skyrocket to $79.77. If the market cap increases to $100 billion, LINK price would also surge to $159.54.
These figures were determined by dividing the expected market cap by the current circulating supply. However, assuming the total supply of 1 billion LINK was in circulation, Chainlink price targets in a $50 billion and $100 billion market cap scenario would shrink to $50 and $100, respectively.
The LINK price hovered around $11.22, representing a 3.6% drop in the last 24 hours.
Reasons Why Chainlink Market Cap Could Reach $100B
According to Invest Reality, Chainlink has the potential to reach $50 billion and even $100 billion because of the following reasons:
Chainlink’s multifaceted role in the crypto space positions it perfectly for a monumental rise in the coming months. The DeFi project has feet dipped in Oracle services, real-world assets (RWA), and Decentralized Physical Infrastructure Networks (DePIN). The LINK price chart has formed a strong support level between $5 and $11.50, an accumulation zone for almost three years. The worst of 2024 market crashes have seen Chainlink price find support around $11, meaning a price boom for Chainlink would mark this as the bottom for this cycle.
Chainlink price analysis chart
Chainlink is expanding its ecosystem, further cementing its role in the greater DeFi landscape using its Cross-Chain Interoperability Protocol (CCIP) and Transporter to bridge tokens seamlessly across the blockchain. According to Chainlink Founder Sergey Nazarov, the protocol brought DeFi from sub $100 million to over $200 billion market cap. In that duration, LINK price soared from less than $1 to over $50.
Link price
Chainlink price has always increased, along with the DeFi industry. Hence, as the alt season begins, LINK will be one of the largest gainers in the crypto space.
Conclusion
The markets are optimistic about the future of Chainlink, putting its market cap between $50 and $100 billion as early as the second quarter of 2025. If these Chainlink price forecasts hold, the price of LINK will quickly swell from the current $11.22 to $50 and $100, respectively, by the end of the given duration.
The post Top Analyst Predicts Chainlink Price If Market Cap Hits $100B appeared first on CoinGape.
