Polkadot Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Polkadot (DOT) has experienced a price drop of 5.93% in the last 24 hours, continuing a week-long decline of 9.0%. Despite the price drop, trading volume has increased by 93.0% over the past week, while the circulating supply decreased slightly. Polkadot's market cap is currently ranked #20 at $6.06 billion.
August 28, 2024 | 7:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Polkadot's price has decreased by 5.93% in the last 24 hours, continuing a week-long decline. Despite the price drop, trading volume has increased significantly, indicating heightened market activity.
The significant price drop of 5.93% in 24 hours, along with a 9.0% decline over the past week, suggests a bearish trend for Polkadot. The increase in trading volume by 93% indicates increased market activity, possibly due to selling pressure. The market cap ranking at #20 shows its significant position in the market, but the current trend is negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100