Cryptocurrency Cosmos Hub Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cosmos Hub (ATOM) has experienced a 3.85% price drop in the last 24 hours, continuing a week-long decline of 13%. Despite the price drop, trading volume has increased by 23% over the past week, while the circulating supply has decreased slightly by 0.25%. The current market cap for ATOM is $2.92 billion, ranking it #39.
June 13, 2024 | 7:02 pm
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NEGATIVE IMPACT
Cosmos Hub (ATOM) has seen a significant price drop of 3.85% in the last 24 hours, continuing a week-long decline of 13%. Despite the price drop, trading volume has increased by 23% over the past week, while the circulating supply has decreased slightly by 0.25%.
The significant price drop in ATOM over the past 24 hours and week indicates a bearish trend. The increase in trading volume suggests heightened market activity, but the overall decline in price and circulating supply points to negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100