Cryptocurrency Internet Computer Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Internet Computer's (CRYPTO: ICP) price has decreased by 4.49% over the past 24 hours to $12.38, continuing a weekly downward trend of -4.0%. The trading volume for ICP has increased by 78.0% over the past week, despite a slight decrease in circulating supply to 459.55 million. The current market cap ranking for ICP is #21 at $5.69 billion.
February 28, 2024 | 7:02 pm
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NEGATIVE IMPACT
Internet Computer (ICP) experienced a 4.49% price decrease over the last 24 hours, with a weekly trend of -4.0%. The trading volume has increased by 78.0%, while the circulating supply slightly decreased.
The price decrease of ICP over both the last 24 hours and the past week, combined with an increase in trading volume and a slight decrease in circulating supply, suggests a negative short-term impact on its price. The increased trading volume indicates heightened activity, but the price trend is downward, which could lead to further short-term depreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100