Cryptocurrency Polygon Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Polygon (MATIC) has seen a 4.12% price drop in the last 24 hours, despite a 20% increase over the past week. Trading volume has surged 100% while circulating supply slightly decreased. MATIC's market cap is $4.77 billion, ranking it #26.
August 26, 2024 | 3:02 pm
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NEGATIVE IMPACT
Polygon (MATIC) experienced a 4.12% price drop in the last 24 hours, contrasting with a 20% increase over the past week. Trading volume increased by 100%, while circulating supply decreased slightly.
The recent 4.12% price drop in MATIC suggests a short-term negative impact, despite a strong weekly performance. The significant increase in trading volume indicates heightened market activity, but the slight decrease in circulating supply may not offset the immediate price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100