Cryptocurrency Hedera Up More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Hedera (CRYPTO: HBAR) has seen a 5.64% increase in its price over the last 24 hours, reaching $0.12. This is part of a positive trend over the past week, with a 12.0% gain from $0.11. The coin's all-time high is $0.57. Trading volume for HBAR has increased by 25.0% over the past week, while the circulating supply has decreased by 0.83%, now at 33.69 billion, 67.37% of its max supply. HBAR's market cap ranks #34 at $4.09 billion.
March 06, 2024 | 7:02 pm
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Hedera (HBAR) has experienced a 5.64% increase in price over the last 24 hours, reaching $0.12, and a 12% increase over the past week from $0.11. The trading volume has increased by 25%, and the circulating supply has decreased by 0.83%.
The positive price movement of Hedera (HBAR) over the past week, coupled with an increase in trading volume and a decrease in circulating supply, suggests a strong short-term bullish sentiment. The increase in trading volume indicates growing investor interest, while the decrease in circulating supply could lead to higher prices due to reduced availability. These factors contribute to the assessment of a likely increase in HBAR's price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100