Chainlink Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink's (CRYPTO: LINK) price has decreased by 3.57% in the last 24 hours, falling to $14.82, despite a 5.0% increase over the past week. The trading volume has increased by 38.0%, while the circulating supply slightly decreased by 0.05%. Chainlink's current market cap is $8.23 billion, ranking it 15th.
December 26, 2023 | 7:03 pm
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NEGATIVE IMPACT
Chainlink (LINK) experienced a 3.57% price drop over the past 24 hours, despite an overall 5% gain over the week. The market cap remains strong at $8.23 billion, with increased trading volume and a slight decrease in circulating supply.
The short-term price impact for Chainlink is negative due to the recent 3.57% drop in price. However, the increased trading volume suggests heightened investor interest which could mitigate the impact. The slight decrease in circulating supply may also support the price in the short term. The overall market cap ranking indicates a strong position in the market, which could help in maintaining investor confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100