Chainlink Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (CRYPTO: LINK) has experienced a 3.52% price decrease over the past 24 hours, contrasting with its 4.0% gain over the past week. Trading volume has dropped by 9.0%, while circulating supply has increased by 0.44%. The current market cap is $10.51 billion, ranking it #15.
June 03, 2024 | 3:01 pm
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NEGATIVE IMPACT
Chainlink's price has decreased by 3.52% in the last 24 hours, despite a positive trend over the past week. Trading volume has decreased by 9.0%, and circulating supply has increased by 0.44%.
The recent 3.52% price drop in Chainlink, coupled with a 9.0% decrease in trading volume, suggests a short-term negative impact on its price. The increase in circulating supply adds to the downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100