Chainlink connects Blockchains to real world data through Oracle Network. The symptom of the connection pays this data to the knot operators that collect and verify. Chainlink helps power defi applications, NFTs and connections between different block chains.
Chain connection price It has been falling since December, making lower and lower bastards. It fell from $ 30 to $ 13 -58% decrease.
Like the other Altcoins, the price of the link follows Bitcoin’s movements. Bitcoin, the highest level of January has dropped by $ 109,000 over 20% and is currently trading around $ 84,000.
For five weeks, the link remained between 11.8 and 16 dollars. It opened at $ 14.8 in March, closed from $ 13.4, rose to $ 17.5 and fell to $ 11.8.
AI predictions for Chainlink’s April performance
We asked Chatgpt What could be the price of Chainlink in April. Artificial intelligence gave us three possible scenarios.
Pessimistic scenario – link falls $ 10-11 $
Chatgpt thinks that if the market continues to fight, the link may fall to $ 10-11. This happens if the link falls below the support level of $ 11.8.
If Bitcoin continues to fall, it will probably pull the link down. Bad news about economy or more rigid crypto rules can scare investors more. Without any exciting announcement or update, it can reduce the link trend. Artificial intelligence also noted that any slowdown in development or network activity would be a bad sign.
Realistic Scenario – The vineyard varies between $ 12-15
Artificial intelligence sees that the mid-domestic prediction of the Link stayed in the current $ 11.8 -16 $ range and probably ended around $ 13-14 in April.
This happens if Bitcoin is traded towards the sides instead of making large movements. The stable use of Chainlink in defi applications will provide a stable basis. Normal development activity without major breakthroughs shows that growth continues, but there is nothing dramatic. This scenario does not assume a big surprise from the regulators or a wider economy.
Optimistic scenario – connection returns to $ 16-18
In the best case estimation, Chatgpt sees that the link is potentially returned to test the highest level of March of March, and possibly reached a level of 18 or higher.
This probably needs Bitcoin, which typically increases subcoins. Big news about the new Chainlink partnerships can excite investors again. More activities in defi and layer-2 chains will increase the demand for Chainlink’s services. In particular, any important technical update for betting or data supply may trigger purchasing. More social media buzzing and trade volume will attract retail investors.
Also read: Can Chainlink (link) still increase from this cycle to $ 100?
What does this mean to the owners?
Analysis of artificial intelligence shows that Chainlink is at a intersection. Although the coin has recently been under pressure, its basic technology remains valuable to the crypto ecosystem. For now, the direction of Bitcoin will greatly affect the price of the link, but strong development progress or new partnerships can help break the current model.
Investors should closely monitor the support level of $ 11.8 – a break below can verify the pessimistic scenario, while keeping the basis for a final recovery. In any case, Chainlink’s role in linking block chains to real world data makes the project important beyond short -term price movements.
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