Cryptocurrency Stellar Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Stellar (XLM) experienced a 3.43% decrease in price over the last 24 hours, continuing a weekly downtrend of -2.0%. Despite this, trading volume has increased by 5.0% and the circulating supply has risen by 0.12% to over 28.46 billion. Stellar's market cap ranking is currently #36 at $3.17 billion.
February 21, 2024 | 7:02 pm
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NEGATIVE IMPACT
Stellar (XLM) has seen a 3.43% decrease in price over the last 24 hours and a -2.0% decrease over the past week, with an increase in trading volume by 5.0% and a slight increase in circulating supply.
The decrease in price over both the last 24 hours and the past week, despite an increase in trading volume and circulating supply, suggests a bearish sentiment among investors. The increase in supply without a corresponding price increase could further pressure the price downward in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100