Cryptocurrency Stellar Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Stellar's (CRYPTO: XLM) price has decreased by 4.49% over the past 24 hours to $0.12, continuing its downward trend over the past week of -8.0%. The trading volume for the coin has tumbled 20.0% over the past week while the circulating supply of the coin has risen 0.3%. The current market cap ranking for XLM is #24 at $3.23 billion.
August 22, 2023 | 7:00 pm
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NEGATIVE IMPACT
Stellar's (CRYPTO: XLM) price has decreased by 4.49% over the past 24 hours, indicating a negative short-term impact on its price.
The decrease in Stellar's price and trading volume, along with the increase in its circulating supply, indicates a negative short-term impact on its price. The downward trend in price and trading volume suggests a bearish market sentiment towards Stellar.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100