Cryptocurrency Hedera Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Hedera (CRYPTO: HBAR) experienced a 5.94% decrease in price over the last 24 hours, now at $0.11, contrasting its 30% gain over the past week. Trading volume surged by 203%, with the circulating supply now at 33.68 billion, 67.36% of its max. Its market cap ranks #30 at $3.70 billion.
February 23, 2024 | 7:02 pm
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Hedera (HBAR) saw a 5.94% price drop to $0.11 in the last 24 hours, after a week of 30% gains. Its trading volume increased by 203%, and its circulating supply is now 33.68 billion.
The short-term price drop of 5.94% in Hedera (HBAR) is significant, especially following a 30% gain over the past week. The increase in trading volume by 203% and the slight increase in circulating supply could indicate heightened market activity and interest, yet the price has decreased. This could suggest a potential short-term selling pressure or profit-taking by investors after the recent gains. The market cap ranking and the percentage of max supply in circulation provide context to its market position but are less directly impactful on short-term price movements.
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