Polygon Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Polygon (CRYPTO: MATIC) experienced a 3.02% price decrease over the past 24 hours, falling to $0.70, despite a weekly uptrend of 3.0%. The trading volume increased by 2.0% over the week, and the circulating supply rose by 0.45% to 9.28 billion, representing 92.83% of its max supply. MATIC's market cap ranks #20 at $6.57 billion.

April 25, 2024 | 3:02 pm
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NEGATIVE IMPACT
Polygon's price decrease of 3.02% to $0.70 over the past 24 hours, despite a weekly gain, indicates a short-term negative sentiment. The increase in trading volume and circulating supply suggests growing interest and liquidity.
The price decrease of Polygon (MATIC) over the past 24 hours, despite its overall positive performance over the week, suggests a short-term bearish sentiment among investors. However, the increase in trading volume and circulating supply indicates a growing interest and liquidity in MATIC, which could stabilize or potentially increase its price in the near future.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100