Polkadot Up More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Polkadot's (CRYPTO: DOT) price has risen by 5.07% in the last 24 hours to $5.22, despite a 6.0% decline over the past week from $5.55. The all-time high for DOT is $54.98. Trading volume has decreased by 16.0% over the past week, while the circulating supply has increased by 0.16% to over 1.30 billion. Polkadot currently ranks #16 in market cap at $6.76 billion.
November 22, 2023 | 7:00 pm
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POSITIVE IMPACT
Polkadot (DOT) has seen a 5.07% price increase over the last 24 hours, countering its weekly downward trend. The trading volume has decreased, and the circulating supply has slightly increased.
The short-term price increase of 5.07% in Polkadot (DOT) indicates a positive market reaction that could lead to further short-term gains. However, the decrease in trading volume suggests less market activity, which could dampen the momentum. The increase in circulating supply is typically a negative factor as it can dilute the value, but the market cap ranking and recent price increase suggest a stronger focus on price action in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100