Cryptocurrency NEAR Protocol Decreases More Than 10% Within 24 hours
Portfolio Pulse from Benzinga Insights
NEAR Protocol (CRYPTO: NEAR) experienced a 10.2% price decrease over the past 24 hours, falling to $7.26, despite a 7.0% increase over the past week. The trading volume for NEAR has risen by 15.0%, while its circulating supply decreased by 0.23%. Currently, NEAR ranks #21 in market cap at $7.60 billion.
March 18, 2024 | 3:03 pm
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NEGATIVE IMPACT
NEAR Protocol experienced a significant 10.2% drop in price over the last 24 hours, now at $7.26, despite a weekly gain of 7.0%. The market cap ranks #21 at $7.60 billion.
The significant 24-hour price drop of NEAR Protocol, despite its recent weekly gains, indicates a short-term negative impact on its valuation. The increase in trading volume suggests heightened activity, possibly due to investors reacting to the price decrease. The slight decrease in circulating supply could indicate a tightening of available tokens, potentially affecting future price movements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100