Polkadot Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Polkadot (CRYPTO: DOT) experienced a 5.91% price decrease over the last 24 hours, marking a continuation of its 18% decline over the past week. The current price is $6.22, down from $7.53. Trading volume has decreased by 3%, and the circulating supply has slightly reduced by 0.11% to over 1.36 billion. Polkadot's market cap ranking is now #17 at $8.53 billion.
April 30, 2024 | 3:02 pm
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NEGATIVE IMPACT
Polkadot (DOT) sees a 5.91% price drop in 24 hours to $6.22, extending its weekly loss to 18%. The trading volume and circulating supply have also seen minor decreases.
The significant price drop of 5.91% in the last 24 hours, coupled with an 18% decrease over the past week, indicates a strong bearish trend for Polkadot. The decrease in trading volume suggests lower investor engagement, while the slight reduction in circulating supply might not be enough to counteract the price drop. Given these factors, the short-term impact on DOTUSD is likely negative.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100