Cryptocurrency Hedera Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Hedera's cryptocurrency, HBAR, has experienced a 3.07% price drop over the last 24 hours, continuing a weekly decline of 2.0%. The trading volume has decreased by 26.0%, while the circulating supply has slightly increased by 0.14%. Currently, HBAR's market cap is ranked #39, valued at $2.41 billion.
January 29, 2024 | 3:02 pm
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NEGATIVE IMPACT
Hedera's HBARUSD has fallen by 3.07% in the past day and 2.0% over the past week, with a decrease in trading volume but a slight increase in circulating supply.
The price decline of 3.07% in the past 24 hours, along with a 2.0% decrease over the past week, indicates a negative short-term trend for HBARUSD. The decrease in trading volume suggests lower investor interest, which could further pressure the price. However, the slight increase in circulating supply may not have a significant impact on the price movement. The market cap ranking provides context but does not directly influence short-term price action.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100