Cryptocurrency Stellar Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Stellar's cryptocurrency (XLM) has seen a decline of 3.62% in the last 24 hours, continuing a negative trend from the past week with a 2.0% loss. The trading volume has decreased by 41.0%, and the circulating supply has slightly dropped by 0.18%. Despite these changes, Stellar maintains a market cap ranking of #24, valued at $3.37 billion.
December 18, 2023 | 7:03 pm
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NEGATIVE IMPACT
Stellar's cryptocurrency (XLM) has experienced a 3.62% price drop over the past day and a 2.0% decrease over the past week, with a significant 41% reduction in trading volume and a minor decrease in circulating supply.
The price drop of 3.62% in the last 24 hours, coupled with a decrease in trading volume and a negative trend over the past week, suggests a bearish short-term outlook for Stellar's XLM. The reduction in trading volume indicates lower investor interest, which could further pressure the price. However, the market cap ranking remains strong, which may provide some support to the price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100