Cryptocurrency Celestia Down More Than 7% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Celestia (TIA) experienced a 7.68% price drop over the past 24 hours, contrasting with a 6.0% gain over the past week. The trading volume decreased by 32.0%, while the circulating supply increased by 1.69%, bringing it to 161.21 million. Celestia's market cap is ranked #34 at $2.73 billion.
January 31, 2024 | 7:02 pm
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NEGATIVE IMPACT
Celestia (TIA) has seen a significant price drop and a decrease in trading volume, despite an increase in circulating supply.
The sharp decline in price and trading volume indicates a bearish short-term sentiment among investors, which could lead to further price drops. However, the increase in circulating supply could potentially dilute the value, adding to the downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100