Polygon Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Polygon (CRYPTO: MATIC) has seen a 4.23% decrease in price over the last 24 hours, continuing a negative trend with a 3.0% loss over the past week. The trading volume for MATIC has increased by 13.0%, and its circulating supply has risen by 0.05% to over 9.28 billion, representing 92.83% of its max supply. Currently, MATIC's market cap ranks #20 at $8.12 billion.
April 10, 2024 | 3:03 pm
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NEGATIVE IMPACT
Polygon (MATIC) has experienced a 4.23% decrease in price over the last 24 hours and a 3.0% loss over the past week, with an increase in trading volume and circulating supply.
The price drop of 4.23% in the last 24 hours and the overall negative trend over the past week indicate a bearish short-term outlook for MATIC. The increase in trading volume suggests higher market activity, possibly due to investors selling off their holdings. The slight increase in circulating supply could also contribute to the price pressure. Given these factors, the short-term impact on MATIC's price is likely negative.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100