Polkadot Down More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Polkadot (CRYPTO: DOT) has seen a 6.44% decrease in price over the last 24 hours, continuing a negative trend with a 14.0% loss over the past week. The trading volume has increased by 5.0%, while the circulating supply decreased by 0.2%. DOT's market cap ranking is now #15 at $11.53 billion.
April 02, 2024 | 3:02 pm
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NEGATIVE IMPACT
Polkadot (DOT) experienced a 6.44% price drop in the last 24 hours and a 14% decrease over the past week, with its market cap ranking at #15.
The significant price drop of 6.44% in the last 24 hours and a total of 14% over the past week indicates a strong negative trend for Polkadot. The increase in trading volume suggests heightened activity, possibly as investors react to the price changes. The slight decrease in circulating supply could have implications for price volatility. Given these factors, the short-term impact on DOTUSD is likely negative.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100