Cryptocurrency Cosmos Hub Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Cosmos Hub's cryptocurrency, ATOM, has seen a 5.41% decrease in price over the last 24 hours, settling at $9.13. The downtrend extends over the past week with a 1.0% loss. Despite the price drop, trading volume has increased by 46.0%, and the circulating supply has risen by 0.68%, reaching 292.59 million. ATOM's market cap is currently ranked #29, valued at $2.68 billion.
November 27, 2023 | 7:00 pm
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NEGATIVE IMPACT
ATOMUSD has experienced a 5.41% price drop in the last 24 hours and a 1.0% decrease over the past week, despite an increase in trading volume and circulating supply.
The price of ATOMUSD has fallen significantly, which is likely to have a negative impact on investor sentiment in the short term. The increased trading volume suggests heightened activity, but it does not necessarily indicate an immediate reversal of the price trend. The increase in circulating supply could put additional downward pressure on the price if demand does not keep pace.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100