Cryptocurrency Cosmos Hub Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cosmos Hub's (CRYPTO: ATOM) price has decreased by 3.73% over the past 24 hours to $8.75, continuing a downward trend over the past week with a -1.0% change. The trading volume for ATOM has fallen 48.0% over the past week, with the circulating supply decreasing by 0.15% to 390.69 million. The current market cap ranking for ATOM is #33 at $3.42 billion.
May 10, 2024 | 7:02 pm
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Cosmos Hub (ATOM) experienced a 3.73% price decrease over the last 24 hours, with a week-long trend showing a -1.0% change. The trading volume has significantly decreased by 48%, and the circulating supply has slightly decreased by 0.15%, affecting its market cap ranking to #33 at $3.42 billion.
The decrease in price and trading volume, along with a slight reduction in circulating supply, indicates a bearish short-term outlook for ATOMUSD. The significant drop in trading volume could suggest less investor interest or liquidity, potentially leading to further price declines. The market cap ranking provides a broader context of its performance relative to other cryptocurrencies.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100