Polkadot Falls More Than 12% In 24 hours
Portfolio Pulse from Benzinga Insights
Polkadot's (CRYPTO: DOT) price has decreased by 12.07% in the last 24 hours, reaching $7.49, with a weekly decline of 17.0% from $8.97. The volatility is depicted by Bollinger Bands in the provided chart. Trading volume has decreased by 1.0% over the past week, while the circulating supply has increased by 0.27% to 1.31 billion. Polkadot's market cap is currently ranked #12 at $9.85 billion.
January 03, 2024 | 3:03 pm
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Polkadot (DOT) experienced a significant price drop of 12.07% in the last 24 hours and a 17% decrease over the past week, indicating a bearish trend. The current price is $7.49 with a market cap of $9.85 billion.
The significant price drop of Polkadot (DOT) over the past 24 hours and week suggests a negative sentiment among investors and traders, which could lead to a bearish short-term impact on its price. The decrease in trading volume alongside the increase in circulating supply could further pressure the price downward. The market cap ranking at #12 indicates a substantial position in the cryptocurrency market, but the current trends are bearish.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100