Cryptocurrency MultiversX Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
MultiversX (EGLD) experienced a 4% price decrease over the past 24 hours, now at $69.02, despite a 12% increase over the past week. The coin's volatility is highlighted by Bollinger Bands in the provided chart. Trading volume has risen by 5%, while circulating supply dropped by 0.09%, with current supply at 83.98% of the max. MultiversX's market cap ranks #48, valued at $1.83 billion.
December 28, 2023 | 7:00 pm
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MultiversX (EGLD) saw a 4% price drop in the last 24 hours, contrasting with a 12% weekly gain. The market cap is at $1.83 billion, ranking #48.
The 4% price decrease in MultiversX (EGLD) over the past 24 hours is significant, indicating a short-term negative sentiment among investors, which could lead to a further decline in price. However, the overall uptrend over the past week and increased trading volume suggest that there may be underlying support for the coin. The decrease in circulating supply could be seen as a positive factor for price in the long term, but it is unlikely to have a strong immediate impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100