Chainlink Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (CRYPTO: LINK) experienced a 4.75% decrease in price over the last 24 hours, falling to $19.79, despite a 5.0% increase over the past week. The trading volume and circulating supply of LINK have also seen changes, with a 2.0% increase in volume and a 0.13% increase in circulating supply, bringing it to 587.10 million. Currently, Chainlink's market cap ranks #11 at $11.64 billion.
February 13, 2024 | 7:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Chainlink (LINK) saw a 4.75% price decrease to $19.79 in the last 24 hours, despite a weekly increase of 5%. The trading volume rose by 2%, and the circulating supply increased to 587.10 million, affecting its market cap ranking at #11 with $11.64 billion.
The short-term price decrease of 4.75% in Chainlink (LINK) is significant, indicating a potential bearish sentiment among investors. However, the increase in trading volume and circulating supply, along with a positive weekly trend, suggests mixed signals. The market cap ranking remains strong at #11, reflecting a solid position in the market despite short-term volatility.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100