Polkadot Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Polkadot (CRYPTO: DOT) has seen a price decrease of 3.35% in the last 24 hours, now at $9.57, despite a weekly uptrend of 4.0%. Trading volume fell by 22.0%, while circulating supply increased by 1.42% to 1.35 billion. DOT's market cap ranks #14 at $12.84 billion.
March 27, 2024 | 3:02 pm
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NEGATIVE IMPACT
Polkadot's price has decreased by 3.35% in the last 24 hours, now at $9.57, despite a recent uptrend. The trading volume has decreased significantly, and the circulating supply has increased.
The short-term price decrease of 3.35% in Polkadot, despite its recent uptrend, indicates a potential negative impact on investor sentiment. The significant drop in trading volume could suggest less market activity or interest, while the increase in circulating supply might put additional downward pressure on the price. These factors combined suggest a likely short-term negative impact on DOTUSD.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100