Chainlink's Price Increased More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (CRYPTO: LINK) has seen a 5.3% price increase in the last 24 hours, reaching $20.26, continuing a positive trend with a 15.0% gain over the past week from $17.51. Despite a 39.0% decrease in trading volume and a slight 0.35% drop in circulating supply to 587.10 million, LINK's market cap ranks #15 at $11.84 billion. The coin's all-time high is $52.70.
March 26, 2024 | 3:02 pm
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Chainlink (LINK) experienced a 5.3% increase in price over the last 24 hours, reaching $20.26, with a 15% gain over the past week. The trading volume has decreased by 39%, and the circulating supply has slightly decreased.
The significant price increase of Chainlink (LINK) over the past 24 hours and week indicates strong market performance and investor interest, likely leading to a positive short-term impact on its price. The decrease in trading volume and slight reduction in circulating supply could indicate a tightening supply, potentially further supporting price increases in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100