Cryptocurrency Hedera Rises More Than 6% In 24 hours
Portfolio Pulse from Benzinga Insights
Hedera (CRYPTO: HBAR) has seen a price increase of 6.1% in the last 24 hours, reaching $0.12, despite a 1.0% loss over the past week. Its all-time high is $0.57. Trading volume has decreased by 13.0%, and the circulating supply has slightly decreased to 33.69 billion, which is 67.37% of its max supply. HBAR's market cap ranks it #34 at $3.88 billion.
February 29, 2024 | 7:03 pm
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Hedera (HBAR) has experienced a 6.1% price increase in the last 24 hours, reaching $0.12, despite a weekly loss of 1.0%. The trading volume has decreased by 13.0%, and the circulating supply has slightly decreased. The market cap is now $3.88 billion, ranking it #34.
The price increase of Hedera (HBAR) over the last 24 hours, despite a decrease in trading volume and a slight reduction in circulating supply, indicates a positive short-term momentum for the asset. The increase in price against a backdrop of decreased volume suggests a strong buy interest at the current levels, potentially leading to further short-term gains. However, the recent weekly loss and the overall market position should be monitored for any changes in trend.
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