Chainlink Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (CRYPTO: LINK) has seen a price decrease of 4.49% in the last 24 hours, now at $20.44, despite a 12% increase over the past week. Trading volume has decreased by 19%, and the circulating supply has dropped by 5.26% to 587.10 million, 58.71% of its max supply. LINK's market cap ranks it #15 at $12.00 billion.
March 12, 2024 | 7:02 pm
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NEGATIVE IMPACT
Chainlink (LINK) experienced a 4.49% price decrease to $20.44, despite a weekly gain. Trading volume and circulating supply have decreased.
The price decrease of Chainlink (LINK) over the past 24 hours, despite its recent uptrend, could lead to short-term negative sentiment among investors. The decrease in trading volume and circulating supply might also contribute to concerns about liquidity and availability, potentially impacting its price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100