Polkadot Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Polkadot's (CRYPTO: DOT) price has decreased by 3.62% in the last 24 hours to $5.5, contrasting with a 12.0% increase over the past week. The trading volume has risen by 43.0%, and the circulating supply has grown by 0.31% to 1.30 billion. Polkadot's market cap is currently ranked #14 at $7.13 billion.
November 13, 2023 | 7:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Polkadot (DOT) has seen a short-term price decline of 3.62% to $5.5, countering its recent upward trend. The increase in trading volume and circulating supply may indicate sustained interest despite the price drop.
The immediate price drop of 3.62% is a significant short-term movement, suggesting a bearish outlook. However, the increased trading volume and supply growth could cushion the impact. The recent positive trend might attract buyers at the lower price, potentially limiting the downside.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100