Cryptocurrency Polygon Down More Than 8% Within 24 hours
Portfolio Pulse from Benzinga Insights
Polygon (MATIC) has seen a price drop of 8.56% in the past 24 hours, continuing a week-long decline. Despite the price drop, trading volume has increased by 21% over the past week, while the circulating supply has decreased by 0.7%. Polygon's market cap is currently $4.33 billion, ranking it #26.
August 01, 2024 | 7:01 pm
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Polygon (MATIC) has experienced a significant price drop of 8.56% in the past 24 hours, continuing a downward trend over the past week. Despite the price decline, trading volume has increased by 21%, while the circulating supply has decreased by 0.7%.
The significant price drop of 8.56% in the past 24 hours, along with a continued decline over the past week, indicates a bearish trend for Polygon (MATIC). The increase in trading volume suggests heightened market activity, but the overall decrease in circulating supply may not be enough to counteract the negative price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100