Internet Computer's Price Increased More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Internet Computer's (CRYPTO: ICP) price has risen by 6.22% in the last 24 hours to $12.84, despite a weekly decline of 4.0%. The coin's all-time high is $700.65. Trading volume has decreased by 49.0% over the past week, while the circulating supply has increased by 1.41% to 454.98 million. ICP's market cap is currently ranked #18 at $5.90 billion.
January 08, 2024 | 3:02 pm
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NEUTRAL IMPACT
Internet Computer (ICP) experienced a 6.22% price increase over the last 24 hours, countering its weekly downward trend. The trading volume has decreased significantly, which could indicate less interest from traders despite the increase in circulating supply.
The short-term impact on ICPUSD is neutral due to the conflicting signals: a price increase suggests positive momentum, but the decrease in trading volume could indicate a lack of trader confidence or interest. The increase in circulating supply could also put downward pressure on the price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100