Chainlink's Price Increased More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink's (CRYPTO: LINK) price has risen by 3.56% in the last 24 hours to $14.16, despite a 9.0% decline over the past week from $15.48. The coin's all-time high is $52.70. Trading volume has decreased by 54.0% over the past week, while the circulating supply increased by 0.1% to 568.10 million, approximately 56.81% of the max supply. Chainlink's current market cap is $8.04 billion, ranking it 14th.
January 26, 2024 | 7:02 pm
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Chainlink (LINK) has seen a short-term price increase of 3.56% to $14.16, countering its weekly downward trend. The market cap remains strong at $8.04 billion despite a significant drop in trading volume.
The short-term price increase of Chainlink suggests positive investor sentiment, which could lead to a further rise in price. However, the decrease in trading volume indicates less market activity, which could dampen the momentum. The increase in circulating supply is nominal and unlikely to have a significant impact. The market cap ranking provides a positive outlook, maintaining investor interest.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100