Chainlink Up More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (CRYPTO: LINK) has seen a 3.51% increase in price over the last 24 hours, reaching $15.31, and a 10% gain over the past week from $13.94. Despite a 32% drop in trading volume and a slight decrease in circulating supply to 587.10 million, LINK's market cap is now $9.00 billion, ranking it #18. The volatility and price movement are illustrated with Bollinger Bands in the provided chart.
April 22, 2024 | 3:02 pm
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Chainlink (LINK) has experienced a 3.51% increase in price to $15.31 over the last 24 hours, with a 10% gain over the past week, despite a decrease in trading volume and circulating supply.
The positive price movement of Chainlink (LINK) over the past week, culminating in a 3.51% increase in the last 24 hours, indicates strong market performance. Despite a significant drop in trading volume, the market cap's growth to $9 billion, securing its rank as #18, suggests investor confidence and potential for continued growth. The decrease in circulating supply could imply a reduced selling pressure, further supporting the price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100