ChainLink price analysis: LINK obtains bullish momentum at $7.1
ChainLink price analysis for March 14, 2023, reveals the market following an upward movement, showing increasing momentum, signifying positivity for the LINK market. The price of ChainLink has remained bullish over the past few hours. On March 13, 2023, the price reached $6.9 from $ 6.3. However, the market increased in value soon after and gained some value. Moreover, ChainLink reached an all-day high price of $7.2 and is currently valued at $ 7.1.
The current market price of Chainlink (LINK) is $7.1 with a 24-hour trading volume of $ 977.88M, a market capitalization of $ 3.65B, and a market dominance of 0.32%. Over the last 24 hours, the LINK price has increased by 4.95%.
Chainlink’s highest trading price was on May 10, 2021, when it reached an all-time high of $ 52.89. Its all-time low was recorded on September 23, 2017, when it was trading at $ 0.126297. Since its last cycle low of $ 5.36, the highest LINK price has been $ 9.45. Currently, the Chainlink price prediction sentiment is neutral, and the Fear & Greed Index is indicating a score of 56 (Greed).
As of now, the circulating supply of Chainlink is 517.10M LINK out of a maximum supply of 1.00B LINK. The current yearly supply inflation rate is 10.73%, meaning that 50.09M LINK was created in the last year. In terms of market capitalization, Chainlink is ranked #4 in the DeFi Coins sector and #7 in the Ethereum (ERC20) Tokens sector.