Polygon Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Polygon's (CRYPTO: MATIC) price has decreased by 3.8% in the last 24 hours, now at $1.0, despite a 2.0% gain over the past week. Trading volume has decreased by 16.0%, while the circulating supply increased by 0.39% to 9.28 billion, representing 92.83% of its max supply. MATIC's market cap ranking is now #19 at $9.35 billion.
March 27, 2024 | 7:02 pm
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Polygon's (MATIC) price has fallen by 3.8% to $1.0 in the last 24 hours, contrasting with a 2.0% increase over the past week. The trading volume has decreased by 16.0%, and the circulating supply has risen to 9.28 billion.
The short-term price drop of 3.8% in Polygon (MATIC) is significant, indicating a potential bearish sentiment among investors. The decrease in trading volume suggests less trading activity, which could further impact the price negatively in the short term. However, the increase in circulating supply might have a dilutive effect on the price. Given these factors, the short-term outlook for MATICUSD is likely negative.
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