Cryptocurrency Cosmos Hub Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cosmos Hub's cryptocurrency, ATOM, has seen a 3.0% decrease in price over the last 24 hours, settling at $9.7. This drop is part of a larger downtrend over the past week, with a 6.0% overall decline from $10.36. The trading volume for ATOM has decreased by 31.0%, while the circulating supply has increased by 0.56%, reaching 383.38 million. Currently, ATOM's market cap is ranked #24, valued at $3.72 billion.
January 19, 2024 | 3:03 pm
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ATOM has experienced a 3% price drop in the past day and a 6% drop over the past week, with a decrease in trading volume and a slight increase in circulating supply.
The price drop of 3% in the last 24 hours and the 6% decrease over the past week indicate a bearish trend for ATOM. The significant decrease in trading volume could suggest reduced investor interest or market activity, which typically correlates with downward price pressure. The slight increase in circulating supply could also contribute to the price drop if demand does not rise correspondingly. Given these factors, the short-term impact on ATOM's price is likely negative.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100