Polygon Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Polygon (CRYPTO: MATIC) has seen a 5.76% decrease in price over the last 24 hours, continuing a negative trend with a 5.0% loss over the past week. Despite the price drop, trading volume has increased by 8.0%, while the circulating supply slightly decreased. MATIC's market cap ranks it 20th at $6.46 billion.
April 29, 2024 | 7:01 pm
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NEGATIVE IMPACT
Polygon's MATIC has experienced a 5.76% price decrease over the last 24 hours, with a 5.0% loss over the week. The trading volume has increased by 8.0%, and its market cap is now $6.46 billion, ranking it 20th.
The direct mention of Polygon's MATIC price decrease and its negative trend over the past week, coupled with an increase in trading volume, suggests a high relevance and importance for investors. The negative price movement indicates a likely short-term downward pressure on MATICUSD, hence the negative score. The confidence level is high due to the clear data provided on price movement, trading volume, and market cap.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100