Chainlink Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink's (CRYPTO: LINK) price has fallen 4.47% to $10.75 in the past 24 hours, continuing its negative trend over the past week with a 2.0% loss. The trading volume for the coin has tumbled 56.0% over the past week along with the circulating supply of the coin, which has fallen 0.4%. The current market cap ranking for LINK is #13 at $6.04 billion.
November 01, 2023 | 3:00 pm
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NEGATIVE IMPACT
Chainlink's price has fallen 4.47% to $10.75 in the past 24 hours, and its trading volume has tumbled 56.0% over the past week. The circulating supply of the coin has also fallen 0.4%.
The price of Chainlink has fallen significantly in the past 24 hours, and this negative trend is likely to continue given the decrease in trading volume and circulating supply. This suggests a decrease in demand for the coin, which could further drive down its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100