Chainlink Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink's (CRYPTO: LINK) price has fallen 5.15% to $7.3 over the past 24 hours, continuing its negative trend over the past week with a 3.0% loss. The trading volume for the coin has fallen 16.0% over the past week, moving in tandem with the overall circulating supply of the coin, which has decreased 0.49%. The current market cap ranking for LINK is #19 at $4.07 billion.
October 09, 2023 | 7:00 pm
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NEGATIVE IMPACT
Chainlink's price has fallen 5.15% to $7.3 over the past 24 hours, continuing its negative trend over the past week with a 3.0% loss. The trading volume for the coin has fallen 16.0% over the past week.
The decrease in Chainlink's price and trading volume indicates a negative market sentiment towards the asset. This could potentially lead to further price drops in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100