Part 6/9:
Simulating Future Price Scenarios
To predict Chainlink’s price in this bull market, simulations of various bull market scenarios were employed. Considering Bitcoin’s potential market cap could range from its previous high near 2 trillion to a maximum of 7 trillion, we can use these figures to gauge where Chainlink might land.
By utilizing historical market cap ratios from the 2021 bull market, simulations randomly paired a possible Bitcoin market cap with LINK's relative valuation to forecast various price outcomes for Chainlink. After running approximately 5,000 simulations, what follows are the compiled average price predictions for LINK:
Average price: Approximately $95
Median price: Around $93
10th percentile: Below $50
90th percentile: Above $143