Cryptocurrency Hedera's Price Increased More Than 9% Within 24 hours
Portfolio Pulse from Benzinga Insights
Hedera's cryptocurrency (HBAR) has seen a 9.1% price increase in the last 24 hours, reaching $0.10, continuing a weekly upward trend with a 9.0% gain. The coin's all-time high is $0.57. Trading volume has surged by 83.0%, and the circulating supply has slightly increased to 33.63 billion, which is 67.26% of the maximum supply. Hedera's market cap is currently ranked #31, valued at $3.24 billion.
January 02, 2024 | 7:01 pm
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POSITIVE IMPACT
Hedera's cryptocurrency HBAR has experienced a significant price increase and a surge in trading volume, indicating strong current investor interest and potential for continued short-term momentum.
The price increase of 9.1% and the surge in trading volume by 83% are strong indicators of positive investor sentiment and market momentum for HBAR. The increase in circulating supply is nominal and unlikely to dampen the positive price action in the short term. Given the current trend and market behavior, there is a high likelihood of continued appreciation in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100