Chainlink Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (LINK) has seen a 3.18% decrease in price over the past 24 hours, dropping to $16.38. Despite this short-term decline, the coin has experienced a 20% increase over the past week. Trading volume has surged by 53% over the week, and the circulating supply has slightly increased to 587.10 million. Chainlink's market cap is currently ranked #18 at $9.58 billion.
May 22, 2024 | 3:01 pm
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NEGATIVE IMPACT
Chainlink (LINK) has decreased by 3.18% in the past 24 hours to $16.38, despite a 20% increase over the past week. Trading volume has increased by 53% over the week, and the circulating supply has slightly increased to 587.10 million. The market cap is currently $9.58 billion.
The 3.18% decrease in Chainlink's price over the past 24 hours suggests a short-term negative impact. However, the overall positive trend over the past week and increased trading volume indicate strong investor interest, which could mitigate the short-term decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100