Cryptocurrency THORChain Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
THORChain (CRYPTO: RUNE) has seen a 5.5% decrease in price over the last 24 hours, now at $9.01, contrasting with a 12.0% increase over the past week. Trading volume has decreased by 11.0%, and the circulating supply has slightly decreased to 335.71 million, representing 67.14% of its max supply. RUNE's market cap ranking is now #49 at $3.03 billion.
March 29, 2024 | 3:02 pm
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NEGATIVE IMPACT
THORChain (RUNE) experienced a 5.5% price drop in the last 24 hours to $9.01, after a week of positive growth. The trading volume and circulating supply have also seen decreases.
The short-term price drop of 5.5% in THORChain (RUNE) is significant, especially following a week of gains. This sudden decrease, along with a reduction in trading volume and circulating supply, suggests a potential short-term negative impact on RUNE's price. The market cap ranking and the details about the circulating supply provide additional context to the asset's current position in the market, reinforcing the analysis.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100