Polkadot Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Polkadot (DOT) has experienced a 5.14% price drop in the past 24 hours, contrasting with its 6.0% gain over the past week. Trading volume has increased by 11.0%, and the circulating supply has risen by 0.22%, bringing the market cap to $9.86 billion.
May 23, 2024 | 3:02 pm
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NEGATIVE IMPACT
Polkadot (DOT) has seen a 5.14% price drop in the last 24 hours, despite a 6.0% gain over the past week. Trading volume has increased by 11.0%, and the circulating supply has risen by 0.22%, bringing the market cap to $9.86 billion.
The recent 5.14% price drop in Polkadot (DOT) within 24 hours is significant, especially when contrasted with its 6.0% gain over the past week. The increase in trading volume and circulating supply indicates heightened market activity, but the short-term price direction is likely to be negative due to the recent drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100