Polygon Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Polygon's (CRYPTO: MATIC) price has decreased by 5.27% in the last 24 hours, continuing a negative trend with a 6.0% loss over the past week. The trading volume has decreased by 48.0%, while the circulating supply increased by 0.35%. MATIC's market cap is currently $7.30 billion, ranking it 15th.
December 18, 2023 | 3:01 pm
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NEGATIVE IMPACT
Polygon's MATICUSD has experienced a significant drop in price and trading volume, indicating a bearish short-term sentiment among investors.
The decrease in price and trading volume for MATICUSD suggests a negative market sentiment, which could lead to further short-term price declines. The increase in circulating supply without a corresponding price increase may also pressure the price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100