Chainlink Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (CRYPTO: LINK) has seen a 3.15% decrease in price over the last 24 hours, continuing a negative trend with an 8.0% loss over the past week. The trading volume for Chainlink has increased by 32.0%, and its circulating supply has risen by 0.06% to 587.10 million, representing 58.71% of its max supply. Currently, Chainlink's market cap ranks #18 at $10.22 billion.
April 05, 2024 | 7:03 pm
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NEGATIVE IMPACT
Chainlink (LINK) experienced a 3.15% price decrease over the last 24 hours and an 8% loss over the past week, with a significant increase in trading volume and a slight increase in circulating supply.
The price decrease of Chainlink (LINK) over both the last 24 hours and the past week, combined with the increase in trading volume, suggests a negative short-term impact on its price. The increase in circulating supply could further pressure the price downward, although the market cap's ranking indicates a strong position within the cryptocurrency market.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100