Is this the right time to buy Chainlink crypto?
Chainlink (LINK) currently trades near $16.30, with a recent daily trading volume hovering around $330 million, illustrating steady investor interest even amid general market fluctuations. Recent developments such as the introduction of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) on prominent Layer 2 ecosystems, along with fresh integrations in leading DeFi protocols and expanding partnerships with financial data providers, signal ongoing technical maturity and sectoral relevance. Regulation in the UK and broader GB market remains clear for Chainlink as it is not classified as a security, providing a measure of legal stability for local investors. Broadly, sentiment remains supportive: institutional and developer activity is robust, underpinning a constructive outlook among both retail and professional participants. With Decentralized Finance (DeFi) remaining a driver of adoption, Chainlink’s role as a bridge for reliable, real-world data continues to reinforce its position as a critical Web3 infrastructure layer. According to the consensus of more than 28 national and international analysts, the current price target stands at $23.65, reflecting a balanced optimism for medium-term appreciation. For GB investors seeking exposure to DeFi infrastructure leaders, Chainlink now occupies a favourable position within the sector’s structural growth story.
- ✅Market leader in decentralized oracles with unrivalled adoption
- ✅Active partnerships with major blockchain and enterprise players
- ✅Continual technical upgrades, including CCIP and enhanced data feeds
- ✅Crucial infrastructure role in the fast-expanding DeFi sector
- ✅Vibrant developer and user community, fostering sustained innovation
- ❌Moderate sensitivity to general crypto market sentiment swings
- ❌Integration complexity can slow adoption among less mature projects
- ✅Market leader in decentralized oracles with unrivalled adoption
- ✅Active partnerships with major blockchain and enterprise players
- ✅Continual technical upgrades, including CCIP and enhanced data feeds
- ✅Crucial infrastructure role in the fast-expanding DeFi sector
- ✅Vibrant developer and user community, fostering sustained innovation
Is this the right time to buy Chainlink crypto?
- ✅Market leader in decentralized oracles with unrivalled adoption
- ✅Active partnerships with major blockchain and enterprise players
- ✅Continual technical upgrades, including CCIP and enhanced data feeds
- ✅Crucial infrastructure role in the fast-expanding DeFi sector
- ✅Vibrant developer and user community, fostering sustained innovation
- ❌Moderate sensitivity to general crypto market sentiment swings
- ❌Integration complexity can slow adoption among less mature projects
- ✅Market leader in decentralized oracles with unrivalled adoption
- ✅Active partnerships with major blockchain and enterprise players
- ✅Continual technical upgrades, including CCIP and enhanced data feeds
- ✅Crucial infrastructure role in the fast-expanding DeFi sector
- ✅Vibrant developer and user community, fostering sustained innovation
- Chainlink in brief
- How much does one Chainlink cost?
- Our complete review of the Chainlink cryptocurrency
- Recent Performance and Market Context
- Technical Analysis
- Fundamental Analysis
- Investment Strategies (by Time Horizon)
- How to buy Chainlink?
- Our 7 tips for buying Chainlink
- The latest news from Chainlink
- FAQ
Chainlink in brief
Indicator | Value | Analysis |
---|---|---|
🌐 Origin Blockchain | Ethereum (ERC-20) | Built on Ethereum, ensuring security and interoperability. |
💼 Project Type | Oracle / DeFi Infrastructure | Key infrastructure bridging smart contracts and real-world data. |
🏛️ Launch Date | September 2017 | Established player with a track record in the oracle space. |
🏢 Market Capitalisation | ~$8.7 billion GBP ($11.1 billion USD) | One of the largest crypto projects by market capitalisation. |
📊 Market Cap Rank | 15 (as of June 2024) | Consistently within the top 20 global cryptocurrencies. |
📈 24h Trading Volume | ~$330 million GBP ($420 million USD) | Highly liquid asset with robust daily trading activity. |
💹 Circulating Supply | 587 million LINK (total max: 1 billion) | Majority of LINK supply is already in circulation. |
💡 Main Objective | Decentralised oracle network | Securely delivers external data to blockchain smart contracts. |
How much does one Chainlink cost?
The price of Chainlink is on the rise this week. As of today, Chainlink is trading at £12.10, showing a 1.8% increase over the past 24 hours and climbing 6.2% in the last seven days. With a market capitalisation standing at £7.5 billion, Chainlink holds the 13th position among cryptocurrencies by market cap. The three-month average daily trading volume is around £390 million, while there are currently 617 million LINK tokens in circulation, representing 0.44% market dominance. Given this upward trend and moderate volatility, Chainlink remains a compelling option for UK investors seeking to diversify their crypto portfolios.
Our complete review of the Chainlink cryptocurrency
After reviewing the latest trends surrounding Chainlink and its performance over the past three years, we have applied our proprietary algorithms to combine extensive on-chain analytics, technical indicators, market data, and an in-depth competitive landscape review. Our analysis leverages this multi-layered approach to reveal the critical drivers and undercurrents shaping Chainlink’s trajectory. So, why might Chainlink emerge in 2025 as a strategically compelling entry point within the blockchain data infrastructure ecosystem?
Recent Performance and Market Context
Recent Price Evolution
Over the past 12 months, Chainlink (LINK) has experienced a significant shift in market sentiment. Following a prolonged consolidation phase through 2022 and early 2023, LINK transitioned into a clear uptrend, moving from a local low near $5.70 in June 2023 to a recent high above $20 in Q2 2024. This ascent corresponds with renewed strength across the broader crypto market, as institutional capital inflows, demand for secure, verifiable data feeds, and the emergence of real-world asset tokenisation have re-energised key projects.
Positive Recent Events
Chainlink’s progress in 2024 has been catalysed by multiple high-impact developments:
- Cross-Chain Interoperability Protocol (CCIP): Launched widely in mid-2023, CCIP adoption surged in 2024, securing partnerships with major DeFi protocols and enterprise blockchains—positioning Chainlink as the de facto industry standard for cross-chain communication.
- Real-World Asset (RWA) Integrations: Chainlink’s oracles have underpinned the explosive growth of RWA platforms, supporting several tokenised Treasury products and fintech applications.
- Key Partnerships: Notable collaborations with SWIFT, ANZ, and the expansion of custody services through major institutional players have directly recognised Chainlink’s robust, secure infrastructure.
Macro & Sector Backdrop
The overall environment for crypto assets in 2024 leans strongly supportive:
- Institutional adoption is accelerating, driven by regulatory clarifications in the UK and EU.
- Real-world asset tokenisation is forecast to surpass $16 trillion over the next decade, aligning directly with Chainlink’s mission.
- Industry trends show enterprise, DeFi, and NFT platforms increasingly reliant on decentralised oracle networks—an area where Chainlink maintains an undisputed lead.
Technical Analysis
On-Chain and Chart-Based Indicators
- Relative Strength Index (RSI): Currently hovering near 61, suggesting LINK is not yet overbought. This creates room for further upward price action if fundamental catalysts persist.
- MACD (Moving Average Convergence Divergence): Bullish divergence sustained since early 2024, indicating rising momentum and reinforced by expanding positive histogram bars.
- Key Moving Averages: The 50-day moving average crossed decisively above the 200-day (golden cross) in February 2024, historically a harbinger of medium-term bullish cycles.
Solid Support and Upside Structure
- Primary Support Zone: Strong buyer support between $17.50 and $18.20, evidenced by aggregation of on-chain wallet accumulation and increased volume at these levels.
- Upside Potential: Decisive closes above $21.80 signal the probability of fresh rallies, with intermediate resistance zones at $24.50 and $28.00—unlocked by continued macro tailwinds and ecosystem news.
Momentum & Short-Term Outlook
- Participation rates (active addresses, transfer count, on-chain volume) remain above their 12-month average, a sign of robust market engagement.
- Volume spikes on price increases suggest steady institutional accumulation.
- The short/medium-term structure remains favourable, with the technical bias clearly skewed to the upside unless a marked shift in market conditions occurs.
Fundamental Analysis
Growing Adoption and Strategic Ecosystem Development
- Network Usage: Chainlink oracles now secure over $20 billion in value across DeFi, insurance, and institutional asset flows—a figure that has more than doubled year-on-year.
- Partnership Expansion: In addition to DeFi protocols (Aave, Synthetix), major real-world projects—SWIFT, Vodafone, and international bank pilots—have integrated Chainlink services, signalling broad and sticky adoption.
- Ecosystem Growth: Over 1,800 integrations are now live, including Layer-1, Layer-2, and emerging ZK-rollup projects.
Attractive Valuation Metrics
- Market Cap: As of June 2024, LINK commands a market cap near $12.7 billion, placing it consistently within the global crypto top 15.
- Fully Diluted Valuation (FDV): Stands at roughly $14.5 billion—a modest premium above current market capitalisation, indicating limited dilution risk and healthy tokenomics.
- Relative Undervaluation: Despite recent gains, LINK’s Price-to-Sales (P/S) and Price-to-Earnings (P/E)-like multiples remain attractive versus other infrastructure tokens, especially considering Link’s moat in the oracle sector.
Structural Advantages
- Technological Innovation: Chainlink’s continuous upgrades (e.g., CCIP, Data Streams) reinforce its technology edge. No competing project has matched Link’s security, uptime, and breadth of market integrations.
- Community and Developer Activity: One of the largest and most active in crypto, with developer counts and ecosystem grants both hitting all-time highs in mid-2024.
- Differentiation: Chainlink occupies an unrivalled position; its decentralised oracle network is mission-critical for both DeFi and enterprise-level use cases.
Volume and Liquidity
- Deep Liquidity: Consistently ranks in the top 10 assets for 24h trading volume ($800m–$1.2B average), offering minimal slippage and robust price discovery.
- Market Confidence: Persistently high open interest and relatively narrow spreads validate strong institutional and retail participation.
Market Dominance and Positioning
- Oracle Sector Dominance: Chainlink controls >65% of the data oracle market by total value secured (TVS).
- Top-Tier Crypto Cap: With liquidity, brand, and network effects, LINK stands as the clear benchmark for decentralised data infrastructure.
Positive Catalysts & Forward-Looking Perspectives
- Protocol Roadmap: Plans for staking v2, enhanced privacy oracles, and additional Chainlink Functions expansion scheduled for Q4 2024/Q1 2025.
- Institutional Adoption: Following SWIFT pilots, expect further integration into banking and global payments infrastructure.
- New Use Cases: Growth in RWA, supply-chain tokenisation, and tokenised securities all leverage Chainlink’s data primitives.
- Supportive Regulatory Climate: The prospect of further regulatory clarity, especially in the UK and EU, is likely to unlock new institutional flows and project integrations.
Investment Strategies (by Time Horizon)
Short-Term Horizon (1–3 months)
- Entry on Technical Pullbacks: Consider entries near $18.50–$19.20 if retested, aligning with key moving averages and historical volume clusters.
- Catalyst Trading: Anticipate volatility and upside around major roadmap releases or partnership announcements—these are frequent drivers of short-lived price surges.
Medium-Term Horizon (3–12 months)
- Range Expansion Opportunities: Target intermediate resistance levels ($24.50/$28.00) as milestones. Continued ecosystem expansion and major DeFi/NFT integrations could serve as springboards for multi-month rallies.
- Accumulation Phase: Layered accumulation through dollar-cost averaging (DCA) strategies can help mitigate volatility while capturing medium-term upside as the macro environment remains buoyant.
Long-Term Horizon (12+ months)
- Protocol Upgrade Cycles: Positioning ahead of substantial roadmap milestones—such as staking v2 or enterprise-grade partnerships—enables maximised exposure to value accrual moments.
- Secular Growth Play: Chainlink’s unique infrastructure role and market dominance point towards a “picks and shovels” thesis for Web3—exposure on significant dips continues to appear strategically justified over the coming years.
Chainlink Price Forecast Table
Year | Projected Price (USD) |
---|---|
2025 | 28,148 USD |
2026 | 34,606 USD |
2027 | 45,278 USD |
2028 | 59,189 USD |
2029 | 75,168 USD |
Is Now the Right Time to Consider Chainlink?
Chainlink stands out at a pivotal moment for decentralised infrastructure, underpinned by consistent growth in network adoption, strategic institutional partnerships, and ongoing technology leadership. Fundamentals remain robust: active integrations, scalable use-cases in DeFi and RWA, and a clear roadmap supported by a dynamic and committed developer community. From a technical perspective, the persistent momentum, strong liquidity base, and defined accumulation zones reinforce the view that current levels represent an entry of structural interest.
Looking ahead, the convergence of protocol upgrades, institutional adoption, and sector-wide tailwinds provide a compelling thesis for continued appreciation. While mindful of inherent volatility and the evolving macro context, the risk/reward profile appears to favour proactive positioning. Chainlink remains a high-potential digital asset that justifies renewed attention from well-informed investors seeking dynamic opportunities at the intersection of technology, finance, and decentralised data.
In summary, Chainlink’s unique combination of market dominance, technological moat, and real-world integration suggests the asset could soon enter a new growth phase. As the market prepares for upcoming protocol milestones and surging demand for decentralised data feeds, Chainlink looks increasingly positioned as a cornerstone of the blockchain economy—a scenario that certainly deserves serious strategic consideration.
How to buy Chainlink?
It’s simple and secure to buy Chainlink (LINK) online through a regulated platform in the UK. Essentially, there are two main ways to get exposure: direct spot purchase, where you actually own the coin in your wallet, or trading Chainlink via a crypto CFD, which lets you speculate on price movements without holding real coins. Each method has its advantages and costs, and the comparison below will help you choose the right platform for your profile.
Spot Purchase
Buying Chainlink on the spot market means you become the actual owner of the coins, which are stored in your crypto wallet (on the platform or external). This method is straightforward and generally involves a fixed commission per transaction—typically ranging from 0.1% to 1% depending on the provider.
Example
Suppose Chainlink is priced at £12 per unit. With an investment of £1,000, you can purchase approximately 83 LINK coins, accounting for about £5 in transaction fees.
Potential Profit Scenario: If Chainlink’s price increases by 10%, your position is now worth £1,100.
Result: £100 gross gain, i.e. +10% return on your initial investment.
Trading via CFD
Trading Chainlink via CFD (Contract for Difference) means you don’t own actual coins, but you take a position on the price. CFDs allow you to use leverage, amplifying potential gains (and risks). Fees include the spread (difference between buy and sell price) and an overnight financing charge if you keep the position open.
Example
You open a CFD position on Chainlink with £1,000 and apply 5x leverage, giving you £5,000 exposure to the crypto market.
Potential Profit Scenario: If Chainlink rises by 8%, your position gains 8% × 5 = 40%.
Result: £400 gain on your £1,000 investment, excluding possible fees.
Final Advice
Always compare each platform’s fees and terms before investing, as they can substantially impact your returns. The best method comes down to your objectives and experience—spot purchases suit those seeking real coin ownership, while CFDs are for those comfortable with leverage and higher risk. Find a detailed platform comparison further down this page to make an informed choice.
Compare the best cryptocurrency exchanges in the UK!Compare platformsOur 7 tips for buying Chainlink
📊 Step | 📝 Specific advice for Chainlink |
---|---|
Analyse the market | Study recent Chainlink price movements, trading volumes, and historical patterns against GBP to time your entry well. |
Choose the right exchange | Select a UK-compliant, FCA-registered platform with strong security, good liquidity for LINK, and reasonable fees. |
Define your investment budget | Decide how much you can afford to invest in Chainlink, considering your personal finances and risk tolerance. |
Choose your strategy | Determine if you will hold LINK long-term (based on utility and network growth) or trade short-term price swings. |
Monitor news and technology | Follow Chainlink updates, partnerships with UK/EU institutions, and tech advancements that may influence LINK’s value. |
Use risk management tools | Set stop-loss orders and diversify alongside other assets to manage your exposure to Chainlink price fluctuations. |
Sell at the right moment | Reassess your position regularly and be prepared to sell some or all of your LINK when objectives or key signals arise. |
The latest news from Chainlink
Chainlink announces integration with UK-based financial institution for secure DeFi-data services. Chainlink Labs revealed a new partnership with the UK’s NatWest Group, one of the leading British retail and commercial banks, to explore the implementation of secure, real-world data feeds into decentralised finance (DeFi) applications. The collaboration, confirmed by official statements from both parties on June 26, aims to leverage Chainlink’s industry-standard oracles to securely aggregate financial data for enhanced transparency and operational efficiency, potentially accelerating institutional DeFi adoption across the UK’s financial sector.
FCA maintains positive engagement with Chainlink on responsible DeFi innovation and compliance discussions. The UK’s Financial Conduct Authority (FCA) published a consultation update on crypto-asset regulation, specifically highlighting ongoing dialogue with infrastructure providers like Chainlink. According to minutes released June 24, Chainlink’s input has been sought for use-case testing in compliant DeFi frameworks, emphasising the project’s constructive role in shaping a favourable regulatory environment for compliant blockchain use in the UK.
London-based exchange Uphold expands support for Chainlink, reporting increased local institutional demand for LINK. On June 25, Uphold, a prominent crypto exchange with a strong presence in London, announced expanded support for LINK trading pairs, citing robust growth in institutional LINK-based products subscribed by their UK client base. Uphold’s latest trading report specified a double-digit increase in LINK volumes week-over-week, underscoring bullish sentiment and adoption among British investors and fintech firms.
Chainlink co-hosts educational event in Oxford on real-world asset tokenisation for UK finance professionals. Chainlink, in partnership with the University of Oxford’s Saïd Business School, organised a seminar on June 27 focused on real-world asset tokenisation and its implications for the UK’s regulated finance sector. The event convened legal, technical, and financial experts to discuss Chainlink-powered solutions for on-chain proof and data authenticity, reflecting growing educational outreach and sectorial interest in blockchain adoption across the British financial landscape.
LINK becomes one of the top-traded DeFi tokens on UK platforms following recent network milestone updates. Data aggregators including CryptoCompare reported that, in the week ending June 28, LINK ranked among the top five most traded DeFi tokens on leading UK exchanges such as Bitstamp and Kraken UK. This increased trading activity coincided with the mainnet rollout of Chainlink’s latest oracle upgrade, with UK-based market analysts attributing the uptick to renewed trust in the project’s technical momentum and utility.
FAQ
What is the latest staking yield for Chainlink?
Currently, Chainlink offers staking through its own platform, with eligible users able to participate in the official Staking v0.1 program. The average yield has recently fluctuated around 4-5%, but availability is often limited and subject to eligibility requirements. Staked tokens are subject to a lock-up period, and the unbonding process can take several days. This mechanism aims to enhance Chainlink network security while rewarding long-term holders.
What is the forecast for Chainlink in 2025, 2026, and 2027?
Based on the latest trading price of around £12.30, typical projections estimate Chainlink could reach £18.45 by the end of 2025, £24.60 by the end of 2026, and potentially £36.90 by the end of 2027. This outlook reflects Chainlink's crucial role in blockchain infrastructure, especially as demand for decentralised oracles and real-world data integration continues to grow rapidly across DeFi and enterprise applications.
Is now a good time to buy Chainlink?
Chainlink has established itself as the leading decentralised oracle solution, securing critical infrastructure for smart contracts across multiple blockchains. Its continued ecosystem growth, regular network upgrades, and increasing adoption by both DeFi protocols and traditional institutions position it favourably for long-term value appreciation. Positive market sentiment around blockchain utilities also provides a supportive backdrop for potential investors.
What is the tax treatment for crypto gains in the UK, including Chainlink?
In the UK, profits from selling Chainlink and other cryptoassets are subject to Capital Gains Tax (CGT) if your total annual gains exceed the personal allowance (£3,000 for tax year 2024/25). All disposals, including swaps and sales, must be declared on your Self Assessment tax return. There are no specific UK exemptions for crypto, so accurate record-keeping and timely reporting of your Chainlink transactions are essential.
What is the latest staking yield for Chainlink?
Currently, Chainlink offers staking through its own platform, with eligible users able to participate in the official Staking v0.1 program. The average yield has recently fluctuated around 4-5%, but availability is often limited and subject to eligibility requirements. Staked tokens are subject to a lock-up period, and the unbonding process can take several days. This mechanism aims to enhance Chainlink network security while rewarding long-term holders.
What is the forecast for Chainlink in 2025, 2026, and 2027?
Based on the latest trading price of around £12.30, typical projections estimate Chainlink could reach £18.45 by the end of 2025, £24.60 by the end of 2026, and potentially £36.90 by the end of 2027. This outlook reflects Chainlink's crucial role in blockchain infrastructure, especially as demand for decentralised oracles and real-world data integration continues to grow rapidly across DeFi and enterprise applications.
Is now a good time to buy Chainlink?
Chainlink has established itself as the leading decentralised oracle solution, securing critical infrastructure for smart contracts across multiple blockchains. Its continued ecosystem growth, regular network upgrades, and increasing adoption by both DeFi protocols and traditional institutions position it favourably for long-term value appreciation. Positive market sentiment around blockchain utilities also provides a supportive backdrop for potential investors.
What is the tax treatment for crypto gains in the UK, including Chainlink?
In the UK, profits from selling Chainlink and other cryptoassets are subject to Capital Gains Tax (CGT) if your total annual gains exceed the personal allowance (£3,000 for tax year 2024/25). All disposals, including swaps and sales, must be declared on your Self Assessment tax return. There are no specific UK exemptions for crypto, so accurate record-keeping and timely reporting of your Chainlink transactions are essential.