Chainlink's Price Increased More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink's (CRYPTO: LINK) price has risen by 5.07% in the last 24 hours to $14.21, despite an 8.0% decline over the past week from $15.46. The coin's all-time high is $52.70. Trading volume increased by 68.0%, and the circulating supply rose by 1.62% to 568.10 million, which is 56.81% of the max supply. LINK's market cap is now $8.07 billion, ranking it 14th.
January 08, 2024 | 7:03 pm
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POSITIVE IMPACT
Chainlink (LINK) experienced a 5.07% price increase over the past 24 hours, countering its weekly 8.0% loss. The trading volume and circulating supply are also up, indicating increased investor interest and potentially more liquidity in the market.
The short-term price increase of 5.07% in Chainlink, along with a significant rise in trading volume, suggests a positive investor sentiment which could lead to further short-term gains. However, the recent 8% weekly loss indicates volatility, so the confidence in continued upward movement is not absolute.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100