Cryptocurrency Stellar Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Stellar's cryptocurrency (XLM) experienced a 3.66% price drop over the past 24 hours, continuing a negative trend with a 9% loss over the week. The trading volume has decreased by 36%, while the circulating supply increased by 0.37%. Stellar's market cap ranking is currently #27, valued at $3.21 billion.
January 19, 2024 | 3:02 pm
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Stellar's XLMUSD has fallen by 3.66% in the past day and 9% over the week, with a decrease in trading volume and a slight increase in circulating supply.
The price drop of 3.66% in the past 24 hours, along with a 9% decrease over the week, indicates a bearish trend for Stellar's XLMUSD. The decrease in trading volume suggests lower investor interest, which could further pressure the price. The increase in circulating supply may also contribute to the downward pressure on price. However, as cryptocurrencies can be highly volatile, the confidence in the impact is not absolute.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100