Polkadot Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Polkadot's (CRYPTO: DOT) price has decreased by 5.34% over the past 24 hours to $5.2, contrary to its performance over the past week where it experienced an up-trend of 4.0%. The trading volume for the coin has increased by 45.0% over the past week, while the overall circulating supply of the coin has decreased by 0.07%. The current market cap ranking for DOT is #13 at $6.49 billion.
July 05, 2023 | 3:00 pm
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Polkadot's price has decreased by 5.34% over the past 24 hours, despite a weekly uptrend of 4.0%. The trading volume has increased by 45.0% over the past week, while the circulating supply has decreased by 0.07%.
The decrease in Polkadot's price over the past 24 hours, despite a weekly uptrend, suggests a potential short-term bearish trend. The increase in trading volume indicates heightened interest, which could lead to increased volatility. The slight decrease in circulating supply could put upward pressure on the price, but this effect may be offset by the current bearish trend.
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