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Price Analysis: The Price Of Chainlink (LINK) Increased More Than 3% Within 24 Hours

Price Analysis: The Price Of Chainlink (LINK) Increased More Than 3% Within 24 Hours

The price of Chainlink (LINK) has increased 3.56% over the past 24 hours to $14.16, which is in the opposite direction of its trend over the past week, where Chainlink (LINK) has experienced a 9.0% loss, moving from $15.48 to its current price. 

Chainlink Price Chart | Source: Coinstats

 

As it stands right now, the coin’s all-time high is $52.70.

See Also: Bitcoin (BTC) Will Continue To Drop In Price: Arthur Hayes

The chart below compares the price movement and volatility for Chainlink (LINK) over the past 24 hours (left) to its price movement over the past week (right). 

Chainlink Price and Volatility Chart

 

The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. 

The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has tumbled 54.0% over the past week while the circulating supply of the coin has risen 0.1%. 

Chainlink Circulating Supply and Trading Volume Chart

 

This brings the circulating supply to 568.10 million, which makes up an estimated 56.81% of its max supply of 1.00 billion. 

According to our data, the current market cap ranking for LINK is #14 at $8.04 billion.

Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.