Cryptocurrency Cosmos Hub Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cosmos Hub (ATOM) has experienced a 4.63% price drop in the past 24 hours, contrasting with a 4.0% gain over the past week. Trading volume has decreased by 13.0%, and the circulating supply has slightly decreased. The current market cap ranking for ATOM is #46 at $2.45 billion.
July 18, 2024 | 7:02 pm
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NEGATIVE IMPACT
Cosmos Hub (ATOM) has seen a 4.63% price drop in the past 24 hours, despite a 4.0% gain over the past week. Trading volume has decreased by 13.0%, and the circulating supply has slightly decreased. The current market cap ranking for ATOM is #46 at $2.45 billion.
The significant price drop of 4.63% in the past 24 hours, coupled with a decrease in trading volume by 13.0%, suggests a short-term negative impact on ATOM. The slight decrease in circulating supply and the overall market cap ranking provide additional context but do not offset the immediate negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100