Cryptocurrency Cosmos Hub Falls More Than 7% In 24 hours
Portfolio Pulse from Benzinga Insights
Cosmos Hub's (CRYPTO: ATOM) price has decreased by 7.93% over the past 24 hours to $12.59, continuing a weekly downward trend of -6.0%. The trading volume has increased by 76.0% over the past week, with the circulating supply rising to 390.33 million. ATOM's market cap ranking is now #27 at $4.88 billion.
March 15, 2024 | 3:02 pm
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NEGATIVE IMPACT
Cosmos Hub's (ATOM) price has seen a significant decrease of 7.93% in the last 24 hours, with a weekly decline of 6%. The trading volume has surged by 76%, and the circulating supply has slightly increased.
The significant price drop of 7.93% in the last 24 hours, coupled with a 6% weekly decline, indicates a bearish trend for ATOMUSD. The increase in trading volume suggests heightened activity, possibly as investors react to the price changes. The slight increase in circulating supply may also impact the price dynamics. Given these factors, the short-term impact on ATOMUSD's price is likely negative.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100