Polkadot Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Polkadot (CRYPTO: DOT) has seen a 4.96% decrease in price over the last 24 hours, landing at $8.32. This decline is part of a broader negative trend over the past week, with a total loss of 3.0% from $8.55. Despite the price drop, trading volume for DOT has increased by 28.0%, while its circulating supply slightly decreased by 0.06%, now standing at 1.35 billion. Polkadot's market cap ranking is currently #15, valued at $11.25 billion.
April 10, 2024 | 3:02 pm
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Polkadot (DOT) experienced a 4.96% price decrease over the last 24 hours, now at $8.32, amidst a broader weekly decline of 3.0%. Trading volume has increased by 28%, despite a slight decrease in circulating supply.
The price decrease of Polkadot (DOT) over the past 24 hours and the past week indicates a negative short-term trend for the asset. The increase in trading volume suggests heightened activity, possibly as investors react to the price changes. The slight decrease in circulating supply could indicate a tightening of available tokens, but this has not prevented the price from falling. Given these factors, the short-term impact on DOT's price is likely negative.
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