Cryptocurrency Polygon Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Polygon (MATIC) has experienced a 5.06% price drop in the past 24 hours, continuing a week-long negative trend. Despite the price drop, trading volume has increased by 4.0%, and the circulating supply has slightly risen. Polygon's market cap is currently ranked #28 at $3.68 billion.
August 16, 2024 | 3:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Polygon (MATIC) has seen a 5.06% price drop in the past 24 hours, continuing a week-long negative trend. Trading volume has increased by 4.0%, and the circulating supply has slightly risen. The market cap is currently $3.68 billion, ranked #28.
The 5.06% price drop in the past 24 hours, along with a week-long negative trend, indicates bearish sentiment. Despite the increase in trading volume and circulating supply, the overall market perception is likely negative in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100