Cryptocurrency Polygon Down More Than 10% Within 24 hours
Portfolio Pulse from Benzinga Insights
Polygon (MATIC) has experienced a significant price drop of 10.64% in the last 24 hours, continuing a week-long decline. Despite the price drop, trading volume has increased by 26%, while the circulating supply slightly decreased. MATIC's market cap is currently ranked #26 at $4.11 billion.
August 28, 2024 | 3:02 pm
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Polygon (MATIC) has seen a 10.64% price drop in the last 24 hours, with a 6% decline over the past week. Trading volume increased by 26%, while circulating supply decreased slightly. MATIC's market cap is $4.11 billion, ranking it #26.
The significant price drop of 10.64% in 24 hours indicates a negative short-term impact on MATIC. The increase in trading volume suggests heightened market activity, possibly due to selling pressure. The decrease in circulating supply is minor but noteworthy. Overall, the news suggests a bearish sentiment for MATIC in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100