Cryptocurrency

IOTA

Chainlink

Stellar

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 <p class="paragraph">Chainlink (LINK) reached an all<a rel="dofollow" title="-time" href="https://thebittimes.com/tag/time.html">-time</a> high <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $52.70 on May 10, 2021, as well as an all<a rel="dofollow" title="-time" href="https://thebittimes.com/tag/time.html">-time</a> high <a rel="dofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap of $22.798 billion five days before it.</p> 
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 <p class="paragraph">Chainlink has an unpredictable circulating supply inflation. All LINK tokens in existence were created within the network’s official launch, but only a few were put into circulation, initially through an ICO, and later through arbitrary releases by Chainlink Labs and other shareholders.</p> 
 <p class="paragraph">Notably, there is a total of 1 billion LINK, from which around 462 million are still vested in non-circulating crypto wallets, ready to be released as per the company’s decisions. For 2023, Chainlink Labs had previously announced a yearly token inflation of around 7%.</p> 
 <p class="paragraph">With such an unpredictable model, Chainlink is highly affected by its token’s inflation. Considering data retrieved by <strong>Finbold</strong> on September 18, with a circulating supply of around 538.1 million LINK, the native token would be worth close to $42.36 — $10.34 (19.6%) less than its all-time high price in US dollars.</p> 
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  <img decoding="async" loading="lazy" width="1024" height="662" src="https://cdn.thebittimes.com/images/2023/09/19/0a31e6a9907c2128e77c0db092a9a9dc.webp" alt="Chainlink LINK Market Cap All-Time High on May 5, 2021. Source: TradingView" class="wp-image-128900" srcset="https://cdn.thebittimes.com/images/2023/09/19/0a31e6a9907c2128e77c0db092a9a9dc.webp 1024w, https://cdn.thebittimes.com/images/2023/09/19/0a31e6a9907c2128e77c0db092a9a9dc.webp 300w, https://cdn.thebittimes.com/images/2023/09/19/0a31e6a9907c2128e77c0db092a9a9dc.webp 768w, https://cdn.thebittimes.com/images/2023/09/19/0a31e6a9907c2128e77c0db092a9a9dc.webp 1536w, https://cdn.thebittimes.com/images/2023/09/19/0a31e6a9907c2128e77c0db092a9a9dc.webp 1800w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Chainlink Market Cap All-Time High on May 5, 2021. Source: <em>TradingView</em>
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 <p class="paragraph">Moreover, market capitalization is usually used to measure the market’s perception of value in a given asset, as well as its speculative demand in a given moment. This means that Chainlink constantly needs an increased demand to meet historical prices with a previously much lower supply.</p> 
 <h2 class="wp-block-heading" id="h-chainlink-link-price-analysis">Chainlink (LINK) price analysis</h2> 
 <p class="paragraph">Meanwhile, LINK is trading at $6.68 at the time of publication, which would potentially offer the possibility for Chainlink investors to gain 535% for purchases made at this moment if this cryptocurrency ever meets previous demand.</p> 
 <figure class="wp-block-image size-large">
  <img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/09/19/981fee32f9b3959f6ef50c1314b7545a.webp" alt="Chainlink LINK 1-year price chart. Source: Finbold" class="wp-image-128901" srcset="https://cdn.thebittimes.com/images/2023/09/19/981fee32f9b3959f6ef50c1314b7545a.webp 1024w, https://cdn.thebittimes.com/images/2023/09/19/981fee32f9b3959f6ef50c1314b7545a.webp 300w, https://cdn.thebittimes.com/images/2023/09/19/981fee32f9b3959f6ef50c1314b7545a.webp 768w, https://cdn.thebittimes.com/images/2023/09/19/981fee32f9b3959f6ef50c1314b7545a.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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   LINK 1-year price chart. Source: <strong>Finbold</strong>
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 <p class="paragraph">Comparatively, the current <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> is -87.35% lower than the all<a rel="dofollow" title="-time" href="https://thebittimes.com/tag/time.html">-time</a> high <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>.</p> 
 <p class="paragraph">Michaël van de Poppe, an experienced crypto trader and analyst remains optimistic about Chainlink’s potential for the long term.&nbsp;</p> 
 <blockquote class="wp-block-quote"> 
  <p class="paragraph">“It’s still an opportunity of a lifetime.”</p> <cite>— Michaël van de Poppe (@CryptoMichNL), CEO &amp; Founder MN Trading</cite>
 </blockquote> 
 <p class="paragraph">Interestingly, the MN Trading Founder and CEO is projecting LINK’s price to $8 from the current retest in the $6-$6.60 price zone.</p> 
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">Request 1 – $LINK<br><br>This one is showing upwards momentum and I think that the bottom is in. <br><br>Retests are ready to be bought. If we get $6.15-6.40 retest, that's an entry towards $8. pic.twitter.com/1nqCroCKzp</p>— Michaël van de Poppe (@CryptoMichNL) September 18, 2023
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 <p class="paragraph">Chainlink is also leading the crypto market best-performers on September 18, as a bullish sentiment starts to dominate.</p> 
 <h2 class="wp-block-heading" id="strong-how-other-cryptocurrencies-would-perform-according-to-their-all-time-high-market-cap-strong"><strong>How other cryptocurrencies would perform according to their all-time high market cap?</strong></h2> 
 <ul> 
  <li>XRP would trade at this price if it hits its all-time high market cap</li> 
  <li>Ethereum would trade at this price if it hits its all-time high market cap</li> 
  <li>Dogecoin would trade at this price if it hits its all-time high market cap</li> 
  <li>SHIB would trade at this price if it hits its all-time high market cap</li> 
  <li>Cardano would trade at this price if it hits its all-time high market cap</li> 
  <li>Bitcoin would trade at this price if it hits its all-time high market cap</li> 
  <li>Solana would trade at this price if SOL hits its all-time high market cap</li> 
  <li>Stellar (XLM) would trade at this price if XLM hits its all-time high market cap</li> 
 </ul> 
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p> 
 <p class="paragraph"> </p>
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/chainlink-would-trade-at-this-price-if-link-hits-its-all-time-high-market-cap-tbt63137.html">https://thebittimes.com/chainlink-would-trade-at-this-price-if-link-hits-its-all-time-high-market-cap-tbt63137.html</a></p>

Chainlink would trade at this price if LINK hits its all-time high market cap

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