Polkadot Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Polkadot's (CRYPTO: DOT) price has decreased by 4.9% in the last 24 hours, reaching $6.98, continuing a negative trend with a 15.0% loss over the past week. Trading volume has decreased by 70.0%, while the circulating supply has increased by 0.51%, resulting in a current market cap ranking of #13 at $9.21 billion.
January 18, 2024 | 7:02 pm
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Polkadot (DOT) has seen a significant price drop of 4.9% in the past 24 hours and a 15% decrease over the past week, with a decrease in trading volume but an increase in circulating supply.
The price of Polkadot has fallen significantly, which is typically a bearish indicator for short-term price movement. The decrease in trading volume suggests lower investor interest, which could further pressure the price. However, the increase in circulating supply could have a dilutive effect on the price. Given these factors, the short-term impact is likely negative.
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