Cryptocurrency Hedera Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Hedera (HBAR) experienced a 3.45% decrease in price over the last 24 hours, marking a continuation of its 6% decline over the past week. The trading volume for HBAR has decreased by 53%, while its circulating supply has slightly increased. Currently, Hedera's market cap ranks it 32nd at $4.23 billion.
March 14, 2024 | 3:02 pm
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NEGATIVE IMPACT
Hedera (HBAR) sees a 3.45% price drop in 24 hours, amidst a 6% weekly decline. Trading volume decreased by 53%, despite a minor increase in circulating supply. Market cap is now $4.23 billion.
The significant drop in price and trading volume for Hedera (HBAR) suggests a bearish short-term outlook. The slight increase in circulating supply without a corresponding increase in price or trading volume could further pressure the price. The market cap ranking indicates a substantial position in the cryptocurrency market, making these changes noteworthy for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100