Chainlink Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink's (CRYPTO: LINK) price has fallen by 4.04% in the last 24 hours, reaching $14.14, continuing a negative trend from the past week with a 7.0% loss. The trading volume has decreased by 15.0%, while the circulating supply has increased by 0.15%. Chainlink's market cap ranking is currently #13 at $7.90 billion.
November 27, 2023 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Chainlink (LINK) has experienced a 4.04% price drop in the past 24 hours and a 7.0% decrease over the past week, with a current price of $14.14.
The price drop of Chainlink (LINK) is significant and directly impacts investor sentiment and the asset's market value. The decrease in trading volume suggests lower investor engagement, which could further pressure the price. The increase in circulating supply may also contribute to downward price pressure. However, as cryptocurrencies can be highly volatile, the confidence in the prediction is not absolute.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100