Polkadot Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Polkadot (CRYPTO: DOT) experienced a 4.72% price decrease over the last 24 hours, falling to $7.03, despite a 6.0% gain over the past week. The trading volume for DOT has increased by 18.0%, while its circulating supply slightly decreased by 0.08%, bringing the total to 1.36 billion. Currently, DOT's market cap ranks #17 at $9.47 billion.
April 24, 2024 | 7:02 pm
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Polkadot (DOT) saw a 4.72% decrease in price to $7.03 over the last 24 hours, despite a recent upward trend. The trading volume has increased by 18%, and the circulating supply has slightly decreased.
The short-term price decrease of 4.72% in Polkadot (DOT) is significant despite its overall positive performance over the past week, indicating a potential short-term negative impact on its price. The increase in trading volume alongside a slight decrease in circulating supply suggests heightened trading activity that could either stabilize or further decrease the price in the very short term. However, the overall market position of DOT, being ranked #17 by market cap, shows its strong presence in the cryptocurrency market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100