Cryptocurrency Stellar Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Stellar's cryptocurrency (XLM) has seen a 3.2% decrease in price over the last 24 hours, continuing a negative trend from the past week with an 11.0% loss. Despite the drop in price, trading volume has increased by 9.0%, while the circulating supply has slightly decreased. Stellar's market cap ranking is currently #27, valued at $3.27 billion.
January 09, 2024 | 7:03 pm
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Stellar's XLM has fallen by 3.2% in the past 24 hours and 11.0% over the past week, indicating a bearish trend despite an increase in trading volume.
The price of Stellar's XLM has been declining, which is typically a negative indicator for short-term price movement. The increased trading volume suggests higher interest, but it has not been enough to counteract the price drop. The decrease in circulating supply could potentially lead to increased scarcity, but this has not yet had a positive impact on the price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100