Cryptocurrency The Graph Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
The Graph (CRYPTO: GRT) has experienced a 4.14% decrease in price over the last 24 hours, now at $0.26, continuing a week-long downward trend. The trading volume has decreased by 35% over the past week, while the circulating supply increased by 0.19% to 9.48 billion, representing 87.9% of its max supply. The current market cap ranking for GRT is #49, valued at $2.46 billion.
April 26, 2024 | 7:02 pm
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NEGATIVE IMPACT
The Graph (GRT) has seen a 4.14% price decrease in the last 24 hours, with a significant drop in trading volume by 35% and a slight increase in circulating supply.
The price decrease of The Graph (GRT) is significant due to its 4.14% drop in the last 24 hours, compounded by a substantial 35% decrease in trading volume, indicating reduced investor interest or confidence. The slight increase in circulating supply could further dilute the value, contributing to the negative price movement. Given these factors, the short-term impact on GRTUSD is likely negative.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100