Cryptocurrency Hedera Rises More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Hedera's cryptocurrency (HBAR) has seen a 5.41% increase in price over the last 24 hours, reaching $0.08, and a 16% increase over the past week from $0.07. Despite a 1% decrease in trading volume over the week, the circulating supply has grown by 0.13% to 33.58 billion, which is 67.15% of the maximum supply. Hedera's current market cap is $2.62 billion, ranking it 32nd in the market.
December 13, 2023 | 3:00 pm
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Hedera (HBAR) has experienced a significant price increase of 5.41% in the last 24 hours and a 16% increase over the past week, indicating a strong short-term bullish trend.
The price increase of Hedera's HBAR over the past 24 hours and week suggests a positive market sentiment and bullish trend, which could attract more investors and potentially drive the price up in the short term. The increase in circulating supply without a significant drop in price also indicates strong demand. However, the decrease in trading volume could signal a potential slowdown in momentum.
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