How High Will Chainlink Rise In January 2025?

Despite all its efforts, Chainlink (LINK) failed to move close to its all-time high of $52.88. This peak was achieved back in May, about four years ago. The altcoin has been making news about its partnerships and increasing utility over the past year. Yet, the price of the asset remains rather bleak. While the year started on a good note for the asset, the community is expecting to see more from LINK over the next couple of days.

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Chainlink Shines Among The Rest

According to recent data from CoinMarketCap, the value of Chainlink’s LINK saw a notable rise over the past day. At the time of writing, LINK was trading at $23.81 after recording a 3.14% spike throughout the last 24 hours.

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A famous whale in the LINK market was making noise as prices began to rebound. According to recent reports, one trader spent $1.86 million on 506 stETH, which is the staked form of ETH, to acquire 77,127 LINK. The asset was bagged at an average price of $24. It should be noted that the whale still owns over $200,000 in stETH and ETH. However, purchasing LINK when prices are at a vital support level, around $20, shows more than a passing curiosity.

January Price Prediction

It looks like Chainlink will be starting the year 2025 on a bullish note. The altcoin is expected to trade at a maximum price of $36.09, according to CoinCodex. This further represents a 51% rise from its current price levels. In addition, the average trading price of LINK throughout the month could be around $29.75. Finally, the lowest that the altcoin will trade for is $22.61.

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While this indicates a good start, the asset is currently trading 55% below its all-time high. LINK has a lot of work to do in order to achieve this peak.