Cryptocurrency Hedera Decreases More Than 10% Within 24 hours
Portfolio Pulse from Benzinga Insights
Hedera (CRYPTO: HBAR) has seen a significant price drop of over 10% in the last 24 hours, continuing a negative trend with a 24% loss over the past week. The trading volume for HBAR has decreased by 42%, while its circulating supply increased slightly. Despite these changes, Hedera's market cap ranking remains at #30 with a valuation of $3.28 billion.
April 30, 2024 | 7:02 pm
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NEGATIVE IMPACT
Hedera's price has fallen significantly, with a 10.03% decrease in the last 24 hours and a 24% decrease over the past week, indicating a strong negative trend.
The significant price drop of over 10% in 24 hours, coupled with a 24% loss over the past week, indicates a strong bearish trend for Hedera. The decrease in trading volume by 42% suggests reduced investor interest or confidence, potentially leading to further declines. However, the slight increase in circulating supply and the stable market cap ranking might offer some support to the price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100