Polygon Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Polygon's (CRYPTO: MATIC) price has decreased by 3.02% over the past 24 hours to $0.84, despite an 8.0% increase over the past week. The trading volume has decreased by 44.0%, and the circulating supply has slightly dropped. Polygon's current market cap is $7.86 billion, ranking it #16.
January 15, 2024 | 3:01 pm
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NEGATIVE IMPACT
Polygon's MATICUSD has experienced a 3.02% price drop in the last 24 hours, with a decrease in trading volume and a slight fall in circulating supply.
The short-term price drop of 3.02% in Polygon's MATICUSD is significant, indicating a bearish sentiment among investors. The decrease in trading volume suggests less market activity, which could further impact the price negatively in the short term. However, the overall weekly uptrend may cushion the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100