Chainlink’s Value Increased by More Than 4% in Just 24 Hours

chailink price

In the last 24 hours, Chainlink’s price has seen a notable increase of 4.66%, reaching $7.59. Over the course of the past week, LINK has demonstrated a significant uptrend of more than 9.0%, moving from $6.93 to its current value. It’s worth noting that Chainlink’s all-time high stands at an impressive $52.70.

The chart below provides a comparative analysis of Chainlink’s price dynamics over the past 24 hours (on the left) and its performance throughout the past week (on the right). The presence of gray bands, which represent Bollinger Bands, indicates the volatility in both daily and weekly price movements. The wider these bands appear, or the greater the extent of the gray area at any given point, the higher the level of volatility in the market.

During the past week, trading volume for Chainlink has surged by a significant 62.0%, deviating from the circulating supply of the coin, which has experienced a slight decrease of 0.37%. As a result, the circulating supply now stands at 556.85 million LINK tokens, constituting approximately 55.68% of its maximum supply of 1.00 billion tokens. According to our data, LINK currently holds the #19 position in market capitalization, valued at $4.23 billion.

This article has been generated by Benzinga’s automated content engine and subsequently reviewed by an editor.

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Chi Do
Chi Do
Chi Do is a content writer at CoinMinutes, responsible for creating most of the content on the website, including news related to Bitcoin (BTC), Ethereum (ETH), Blockchain, Decentralized Finance (DeFi), and more. With a keen interest in cryptocurrencies since the 2020s, Chi has acquired extensive experience and knowledge in this field. Chi holds a Bachelor's degree in communication from Academy of Journalism and Communication in Vietnam.

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