Chainlink Falls More Than 17% In 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (CRYPTO: LINK) has experienced a significant price drop of 17.33% in the past 24 hours, continuing a week-long decline of 33.0%. Trading volume has surged by 372.0% over the past week, with a slight increase in circulating supply. Chainlink's market cap is currently ranked #18 at $5.65 billion.
August 05, 2024 | 3:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Chainlink (CRYPTO: LINK) has seen a sharp decline of 17.33% in the past 24 hours, continuing a week-long drop of 33.0%. Trading volume has increased significantly by 372.0%, with a slight rise in circulating supply. The market cap is now $5.65 billion, ranking it #18.
The significant price drop of 17.33% in the past 24 hours, along with a 33.0% decline over the past week, indicates a strong negative trend. The surge in trading volume suggests high market activity, but the overall sentiment appears bearish. This is likely to result in further short-term price declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100