Polkadot Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Polkadot's (CRYPTO: DOT) price has fallen 3.77% to $4.93 in the past 24 hours, contrary to its positive trend over the past week where it gained 2.0%. The trading volume for the coin has decreased by 34.0% over the past week while the circulating supply has risen 0.41%, bringing the circulating supply to 1.25 billion. The current market cap ranking for DOT is #13 at $6.16 billion.
June 28, 2023 | 7:00 pm
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NEGATIVE IMPACT
Polkadot's price has fallen 3.77% in the past 24 hours, despite a 2.0% gain over the past week. The trading volume has decreased by 34.0% while the circulating supply has increased by 0.41%.
The decrease in Polkadot's price, coupled with a decrease in trading volume, indicates a negative short-term impact. The increase in circulating supply could further pressure the price as it suggests a higher availability of the coin.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100