Chainlink’s LINK/USD price has continued its negative trend over the past week hovering between $13.86 and $16.3, shedding a total of 15.0% in value. At the moment, associated trading volume has risen up to 15.00%, whilst circulating supply has increased by 1.72%. This leads to a current market cap ranking that measures in at an estimated $7.68 billion in total. The Bollinger Bands, visually displayed in grey on the 24 hours (left) and weekly (right) chart can be referred to understand the level of volatility that Chainlink has been subjected to of late. The bigger the grey area is, the greater the volatility will be.
Ultimately, generated by the CoinGecko API, we can estimate Chainlink’s max supply at a grand total of 1.00 billion, with the current circulating supply running at 556.85 million (which is equivalent to 55.68% of the existing entire supply).
