Chainlink Falls More Than 6% In 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (LINK) has experienced a 6.64% price drop in the past 24 hours, continuing a week-long downward trend. Trading volume has decreased by 14% over the past week, while the circulating supply has increased slightly by 0.51%. The current market cap ranking for LINK is #17 at $7.42 billion.
August 01, 2024 | 7:02 pm
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Chainlink (LINK) has seen a significant price drop of 6.64% in the past 24 hours, continuing its downward trend over the past week. Trading volume has decreased by 14% over the past week, while the circulating supply has increased slightly by 0.51%.
The significant price drop and decreased trading volume indicate a bearish sentiment among investors. The slight increase in circulating supply adds to the selling pressure, making a short-term price decline likely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100