ChainLink connects Blockchains to real data through its Oracle network. The link link the knot operators who collect and verify this data. ChainLink helps DEFI and NFTS applications and communications between different Blockchains.
ChainLink Price It has decreased since December, making its highest levels and lower lower. It decreased from $ 30 to about $ 13 now – a decrease of 58 %.
Like other altcoins, the price of Link follows Bitcoin movements. Bitcoin has decreased more than 20 % of its highest level in January of $ 109,000 and is now trading about $ 84,000.
For five weeks, Link remained between $ 11.8 and $ 16. In March, it was opened by $ 14.8, closed at $ 13.4, reached a height of $ 17.5, and decreased to $ 11.8.
Amnesty International Performances for Chainlink in April
We asked Chatgpt What may happen for ChainLink price in April. Artificial intelligence gave us three possible scenarios.
Pose of a pessimistic scenario – the link decreases to 10 – 11 dollars
Chatgpt believes that the link may decrease to $ 10 to $ 11 if the market continues to struggle. This will happen if the link collapses less than the level of its support of $ 11.8.
If Bitcoin continues to fall, you are likely to pull the link as well. Bad news about the economy or more stringent coding rules can make investors more fear. Without any exciting ads or updates, Link may continue to go. Artificial intelligence also noted that any slowdown in development or network activity would be a bad sign.
Realistic scenario – the link ranges between 12 and 15 dollars
The average prediction of artificial intelligence believes that the link remains in its current range from 11.8 to 16 dollars, and may end at about $ 13 to $ 14.
This will happen if Bitcoin is side trading instead of making large movements. The fixed use of Chainlink in Defi applications will provide a stable basis. Natural development activity without significant breakthroughs indicates continuous growth but nothing dramatic. This scenario does not assume any great surprises from the broader organizers or economics.
Optimistic scenario – connections to 16-18 dollars
In its best prediction, Chatgpt sees that the link is likely to climb again to test its highest level in a march of $ 17.5, and it may reach $ 18 or higher.
This is likely to need bitcoin for gathering, which usually reinforce Altcoins as well. Great news about New ChainLink partnerships can make investors excited again. More activity in Defi and Layer-2 chains would increase the demand for chainlink services. Any major technical updates, especially for data or data summaries, can lead to purchase. More tanna social media and trading volume would attract retail investors.
Also read: Can Chainlink see a height of 5x to $ 100 in this course?
What does this mean for the holders of the link
Artificial intelligence analysis indicates that chainlink at a crossroads. Although the distinctive symbol was under pressure recently, its basic technology remains valuable for the ecosystem for encryption. Currently, the Bitcoin trend will significantly affect the price of LINK, but the strong progress of development or new partnerships can help it break its current style.
Investors should see the support level of $ 11.8 closely – it can confirm the interruption below on the pessimistic scenario, while keeping the above may pave the way for its ultimate recovery. Whatever happens, the role of Chainlink in connecting Blockchains to real data ensures that the project is still important to exceed short -term price movements.
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