Polkadot's Price Increased More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Polkadot's (CRYPTO: DOT) price increased by 6.15% in the last 24 hours, reaching $10.81, continuing a positive trend with a 6.0% gain over the past week from $10.18. Despite a 38.0% drop in trading volume, the circulating supply rose by 0.35% to 1.34 billion, with a current market cap ranking of #13 at $14.45 billion.
March 11, 2024 | 3:02 pm
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POSITIVE IMPACT
Polkadot (DOT) saw a 6.15% price increase to $10.81, with a week-long gain of 6.0%, despite a significant drop in trading volume and a slight increase in circulating supply.
The price increase of Polkadot (DOT) over the past 24 hours and week indicates a strong market interest and potential investor confidence in the asset, despite the decrease in trading volume. The slight increase in circulating supply did not negatively impact its price, suggesting a robust demand. The market cap ranking further solidifies its position in the cryptocurrency market.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100