Despite its recent correction to kick off the New Year, the cryptocurrency market may have some big plans for one of the highest potential assets. Indeed, Chainlink (LINK) may be eyeing a breakout, as the crypto is projected to jump 27% before the end of January 2025
There is no shortage of excitement regarding the cryptocurrency industry this year. Coming off of its biggest year ever, things are only looking up for the asset class. Yet, that could be very true for one token poised to be among the biggest gainers over the next twelve months.
Chainlink Breakout in the Cards as January May See Massive Jump for LINK
Also Read: Chainlink to Win Big in 2025: Analysts Say LINK Has $80 Upside
2025 was always poised to be a massive year for Chainlink. One of the most important projects amid the ongoing rush for tokenization of real-world assets, it has continued to embrace collaboration. Most recently, it partnered with Ripple to expand the presence of its RLUSD stablecoin.
These partnerships and the work the project is doing may soon be invaluable to its potential. Indeed, amid an ongoing correction for much of the cryptocurrency market to start the year, Chainlink (LINK) is eyeing a breakout as the crypto may well target a 37% jump by the end of January 2025.
As previously stated, the year has not been kind to the asset. Over the last seven days, the token has fallen nearly 15%, according to CoinMarketCap. Moreover, its drop had it trading just above the $20 mark as the week came to a close. However, its recent drop still has it up more than 43% from a year ago.
How High Can LINK Go?
Also Read: Chainlink Eyes An All-Time High in 2025: How High Will LINK Go?
With its continued development, there are still high hopes for the asset as the year continues. Cryptocurrency market prediction platform CoinCodex is among the most optimistic for the crypto’s performance throughout January 2025.
Specifically, the platform projects that it will settle at an average price of $23 for the month. Yet, it is also projecting a maximum price of $27 before the month ends. That would mark an increase of more than 36%.
That is just the beginning; the post-January surge is expected to be monumental for Chainlink. The platform projects LINK to reach a high of $35 in February, up 66% from its $20 price. On the year, they expect a $48 high and a 138% jump from the corrected price it has hit to kick off 2025.
Credit: Source link
