Polygon Down More Than 14% Within 24 hours
Portfolio Pulse from Benzinga Insights
Polygon's (CRYPTO: MATIC) price has dropped 14.22% in the last 24 hours to $0.84, continuing a weekly downtrend with a 19.0% loss from $1.07. Trading volume decreased by 68.0%, while circulating supply rose 0.61% to 9.28 billion, 92.83% of the max supply. MATIC's market cap is now $7.84 billion, ranked #14.
January 03, 2024 | 3:00 pm
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Polygon's MATICUSD has experienced a significant price drop of 14.22% in 24 hours and a 19% decrease over the past week, with a decrease in trading volume and a slight increase in circulating supply.
The sharp decline in price and trading volume for MATICUSD suggests bearish sentiment among investors. The increase in circulating supply without a corresponding price increase may further dilute the value, potentially leading to continued short-term downward pressure on the price.
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IMPORTANCE 90
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