Cryptocurrency Cosmos Hub Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Cosmos Hub's cryptocurrency, ATOM, has seen a price decrease of 3.82% in the last 24 hours, down to $10.97. Over the past week, the price has also fallen by 2.0% from $11.24. The trading volume has decreased by 25.0%, while the circulating supply has increased by 30.48%, bringing the supply to 380.80 million. ATOM's market cap is currently ranked #24 at $4.18 billion.
December 29, 2023 | 7:02 pm
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ATOM has experienced a 3.82% price drop over the last 24 hours and a 2% decrease over the past week, with a significant decrease in trading volume and an increase in circulating supply.
The price of ATOM has declined, which is typically a negative indicator for short-term investment sentiment. The decrease in trading volume suggests lower investor interest or activity, which could further pressure the price. However, the increase in circulating supply might have a dilutive effect on the price. Given these factors, the short-term impact is likely negative.
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