Cryptocurrency Stellar Falls More Than 7% In 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Stellar (XLM) experienced a 7.42% price decrease over the past 24 hours, continuing a weekly downtrend of -5.0%. The trading volume for Stellar has increased by 55.0% over the past week, and its circulating supply has grown by 0.28% to over 28.66 billion. Stellar's market cap ranking is now #36 at $3.82 billion.
March 15, 2024 | 3:02 pm
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NEGATIVE IMPACT
Stellar (XLM) has seen a significant price decrease of 7.42% in the last 24 hours, with a weekly decrease of 5.0%. The trading volume has surged by 55%, and the circulating supply has slightly increased.
The significant price decrease of Stellar (XLM) over the past 24 hours and the past week indicates a bearish trend. The increase in trading volume suggests higher market activity, possibly due to investors selling off their holdings. The slight increase in circulating supply could also contribute to the price decrease due to increased availability. These factors combined suggest a short-term negative impact on XLM's price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100