Chainlink Rises More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (CRYPTO: LINK) has seen a 3.47% price increase over the past 24 hours to $14.63, despite a 1.0% decline over the past week from $14.77. The all-time high for LINK is $52.70. Trading volume has decreased by 32.0% over the past week, while the circulating supply has risen by 0.26% to over 556.85 million, which is 55.68% of the max supply. LINK's market cap is currently ranked #14 at $8.14 billion.
December 20, 2023 | 7:02 pm
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Chainlink (LINK) has experienced a 3.47% increase in price over the last 24 hours, reaching $14.63, counteracting a weekly decline. The trading volume has decreased, but the circulating supply has slightly increased.
The price increase of 3.47% in the last 24 hours is a positive signal for short-term momentum, which may attract investors looking for gains. However, the decrease in trading volume could indicate less interest or consolidation, potentially limiting the upside. The increase in circulating supply is generally a negative factor as it can dilute the value, but in this case, it seems to have had a limited impact. The overall market cap rank remains strong, suggesting investor confidence in LINK.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100