Chainlink Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink's (CRYPTO: LINK) price has decreased by 4.59% in the last 24 hours, reaching $14.37, despite a 4.0% gain over the past week. The trading volume has decreased by 15.0%, and the circulating supply has dropped by 0.81%. Chainlink's current market cap is $8.14 billion, ranking it 15th.
January 12, 2024 | 7:03 pm
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NEGATIVE IMPACT
Chainlink (LINK) experienced a 4.59% price drop over the last 24 hours, with a decrease in trading volume and circulating supply. The market cap remains strong at $8.14 billion.
The short-term impact on LINKUSD is negative due to the reported 4.59% price decline. The decrease in trading volume suggests lower market activity, which could further impact the price negatively. However, the market cap remains relatively high, indicating that the asset still holds significant value in the market, which might limit the extent of the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100