Cryptocurrency Stellar Decreases More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Stellar's (CRYPTO: XLM) price has fallen 6.26% to $0.12 in the past 24 hours, contrasting its positive trend over the past week where it gained 1.0%. The trading volume for the coin has increased 42.0% over the past week and the overall circulating supply of the coin has increased 0.27% to over 27.53 billion. The current market cap ranking for XLM is #21 at $3.34 billion.
September 13, 2023 | 3:00 pm
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NEGATIVE IMPACT
Stellar's price has dropped 6.26% in the past 24 hours, despite a 1.0% gain over the past week. The trading volume and circulating supply have increased.
The news directly reports on the price drop of Stellar, which is likely to have a negative impact on its short-term price. The increase in trading volume and circulating supply could indicate a higher market interest, but the price drop suggests a bearish market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100