Polkadot Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Polkadot (CRYPTO: DOT) has seen a 3.1% price drop in the past 24 hours, contrasting with a 2.0% uptrend over the past week. Trading volume has decreased by 57.0%, and the circulating supply has slightly decreased by 0.06%. The current market cap ranking for DOT is #17 at $6.32 billion.
August 13, 2024 | 3:01 pm
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NEGATIVE IMPACT
Polkadot (DOT) has experienced a 3.1% price drop in the past 24 hours, despite a 2.0% uptrend over the past week. Trading volume has decreased by 57.0%, and the circulating supply has slightly decreased by 0.06%. The current market cap ranking for DOT is #17 at $6.32 billion.
The 3.1% price drop in the past 24 hours, combined with a significant decrease in trading volume (57.0%), suggests a short-term negative impact on Polkadot's price. The slight decrease in circulating supply does not offset the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100