Cryptocurrency Hedera Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Hedera (HBAR) experienced a 4.06% price decrease over the last 24 hours, marking a continuation of its 7% decline over the past week. The trading volume for HBAR has decreased by 9%, while its circulating supply increased by 5.55%, reaching 35.73 billion coins. This represents 71.47% of its maximum supply. Currently, Hedera's market cap is ranked #39, valued at $3.41 billion.
April 12, 2024 | 3:02 pm
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NEGATIVE IMPACT
Hedera (HBAR) saw a 4.06% decrease in price over the last 24 hours, with a 7% decline over the past week. The trading volume dropped by 9%, and the circulating supply increased to 35.73 billion, indicating a change in market dynamics.
The price decrease of Hedera (HBAR) over both the last 24 hours and the past week, combined with a decrease in trading volume and an increase in circulating supply, suggests a bearish short-term outlook for HBAR. The significant market cap ranking indicates its relevance in the cryptocurrency market, but the current trends may lead to negative short-term price movements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100