With a host of coins facing a correction, Chainlink has suffered a recent dip that doesn’t deter from its 19% gains as LINK looks to target $32. Indeed, the token has emerged as one of the biggest surprises of the most recent cryptocurrency market rally. Now, all eyes are on just where the token can go next.
New US President Donald Trump shocked the industry when he purchased $4.7 million worth of LINK ahead of its inauguration on Monday, according to Arkham Intelligence. That move got many traders increasingly excited about an asset that already had immense potential. But just where can that potential take it in the next month?
Also Read: Chainlink to $60? LINK Predicted to Skyrocket in 2025 Bull Market
Chainlink Still Winning Despite Market Dip: Where is the Ceiling for LINK?
Entering 2025, Chainlink sported unique promise within the cryptocurrency industry. Indeed, the token itself was always viewed as a breakout candidate. Moreover, the project’s cooperation with traditional finance juggernauts like JPMorgan and BNY Mellon has only fortified its case.
Indeed, the protocol has become a clear catalyst for ongoing growth in tokenization. That has only increased its potential to grow exponentially this year. Now, that growth has already started in January. Despite Chainlink feeling the effects of an industry-wide dip, the token is still up, with LINK seemingly closing in on $32.
Also Read: Chainlink to Breakout? LINK Eyes 37% Jump Before January End
Over the last 24 hours, Chainlink is down more than 2.4%, according to CoinMarketCap. However, that doesn’t tell the whole story. Indeed, LINK is also up more than 19.28% over the last seven days and is currently trading at the $25.57 level.
But just how high can the token go before the month is through? Well, cryptocurrency market prediction platform CoinCodex has shared its belief in LINKs’ potential. In a recent projection, they said Chainlnk should reach an average price of $31 before January ends.
Additionally, they expect Chainlink to reach a maximum price of $39 this month, up 53% from its current position. That is just the start for the surging asset. Specifically, the analyst project it will challenge its $52 all-time high in April. If that comes to fruition, LINK would have to jump another 109% from where it’s trading currently.
