Despite its recent correction, Chainlink (LINK) is up more than 53% this year, with January looking to prepare a record-breaking 2025 for the cryptocurrency. Indeed, the asset has stumbled throughout the holiday season, alongside most of the sector. However, that doesn’t lessen excitement over what’s to come for the asset class.
The entire industry has high hopes for 2025, and many expect it to outperform what has taken place over the last 12 months. With Bitcoin set to lead an ongoing surge into unprecedented territory, analysts are expecting Chainlink to be among the assets set to break records in the coming year.
Also Read: Chainlink (LINK) to Rebound 160% From December Drop: Here’s When
Chainlink Has Solid 2024 As It May Be Set to Break Records Next Year
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Any way you look at it, 2024 was an unforgettable year for cryptocurrencies. In January, the United States approved the issuance of crypto-based ETFs. Both Bitcoin and Ethereum were the focus of the investment products. Moreover, the former surged throughout the year, reaching a plethora of new all-time highs and settling above the six-figure mark for the first time in its history.
That slowed considerably as the holiday season approached. December brought a stark reversal for the asset class, with notable liquidations that knocked several assets back. Yet many are expected to outperform their early-year gains when the calendar turns. Chief among these tokens is Chainlink, as the crypto has jumped 53% this year, with LINK’s performance in January preceding a record-breaking 2025.
Over the last 30 days, Chainlink has performed well, as the token is up more than 33% according to CoinMarketCap. Yet, the same can’t be said of its more recent performances. Specifically, LINK is down more than 7% the day after Christmas, trading at the $22 level.
LINK to $85 All-Time High Next Year?
Also Read: Chainlink Outperforms Bitcoin, Ethereum: Will LINK Hit $50 Soon?
That is set to change, however, and it is poised to change rapidly. According to cryptocurrency price predictor CoinCodex, LINK will welcome the new year with a $45 high in January. Moreover, it should settle with an average price of $36 over the course of next month.
That is only the start, however, as it is poised to surpass the $62 mark in February. Not only would that performance mark a 174% jump from its currency position, but it would also represent a new all-time high for the token. The gains won’t end there, as analysts project a jump to $73 a month later, only to usurp that with a $85 all-time mark in May.
At its highest point, the platform notes that LINK should increase another 277% over the next five months. Indeed, LINK is expected to have an average price above $50 for six months out of the year. A far cry from its $25 average in December.
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