Cryptocurrency Hedera Rises More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Hedera (CRYPTO: HBAR) has seen a 4.3% price increase in the last 24 hours, reaching $0.07, despite a 10% decline over the past week from $0.08. The coin's all-time high is $0.57. Trading volume has decreased by 22% over the past week, while the circulating supply increased by 0.38% to 33.66 billion, approximately 67.33% of the max supply. Hedera's market cap is currently ranked #39 at $2.41 billion.
January 24, 2024 | 7:02 pm
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Hedera's price has risen by 4.3% in the last 24 hours, countering its weekly downward trend. The market cap remains robust at $2.41 billion, despite a decrease in trading volume.
The short-term price increase of 4.3% indicates a positive market reaction that could lead to further short-term gains. However, the decrease in trading volume could suggest less market interest, potentially limiting the upside. The increase in circulating supply may have a dilutive effect, but the market cap's stability suggests a resilient demand for HBAR.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100