Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Chainlink Decreases More Than 6% Within 24 hours

Over the past 24 hours, Chainlink's (CRYPTO: LINK) price has fallen 6.88% to $16.17. This continues its negative trend over the past week where it has experienced a 11.0% loss, moving from $18.08 to its current price.
byBenzinga Insights
June 7, 2024
1 minute read
Total
0
Shares
0
0
0
0
0
0

Over the past 24 hours, Chainlink’s (CRYPTO: LINK) price has fallen 6.88% to $16.17. This continues its negative trend over the past week where it has experienced a 11.0% loss, moving from $18.08 to its current price.

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

price_chart

The trading volume for the coin has increased 31.0% over the past week while the overall circulating supply of the coin has increased 0.28% to over 587.10 million which makes up an estimated 58.71% of its max supply, which is 1.00 billion. The current market cap ranking for LINK is #16 at $9.49 billion.

supply_and_vol

Powered by CoinGecko API

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

CBD Giant’s Challenging Year: Q4 Net Sales Slide By 27% But Net Loss Narrows 67% YoY

By Jelena Martinovic
December 26, 7:05 PM
cbdMD reported a 27% year-over-year drop in net sales for the fourth quarter of 2023, totaling $5.7 million. The company attributed the decline to industry trends, reduced marketing spend, and lower wholesale pricing for its new high-strength products. For the full fiscal year 2023, net sales reached $24.2 million, down from $35.4 million in the previous year. Gross profit for the year was approximately $15 million, a decrease from $22.3 million in fiscal 2022. The company reported a net loss of about $23 million, compared to $70 million in 2022. Operating expenses fell to $24.2 million from $40 million in the prior year. cbdMD's working capital on September 30, 2023, was $3.4 million, down from $10.7 million on the same date in 2022. The company also launched its hempMD and ATRx brands in 2023, expanding its product channels into Amazon and other consumer products channels.

YCBD