Polygon Rises More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Polygon (CRYPTO: MATIC) has seen a price increase of 3.83% in the last 24 hours, reaching $0.94, despite a week-long negative trend. The coin's all-time high is $2.92. Trading volume has decreased by 16% over the past week, and the circulating supply has slightly dropped, bringing the market cap ranking to #20 at $8.78 billion.
April 08, 2024 | 7:03 pm
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Polygon (MATIC) has experienced a 3.83% increase in price over the last 24 hours, reaching $0.94, despite a recent downtrend. The trading volume has decreased by 16%, and the circulating supply has slightly decreased.
The short-term price increase of Polygon (MATIC) is significant despite the overall negative trend in the past week. The decrease in trading volume and slight drop in circulating supply could indicate a consolidation phase before further movements. Given the recent price increase, short-term momentum could be positive, but investors should be cautious of the decreased trading volume which might affect liquidity.
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