Cryptocurrency Stellar Up More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Stellar's cryptocurrency (XLM) has seen a 4.26% increase in price over the last 24 hours, reaching $0.11, despite a 5% decrease over the past week from $0.12. The coin's all-time high was $0.88. Trading volume has slightly decreased, while the circulating supply has grown to 28.90 billion, 57.8% of its max supply. Stellar's market cap ranks it 33rd at $3.19 billion.
May 01, 2024 | 7:02 pm
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Stellar (XLM) has experienced a 4.26% increase in its price over the last 24 hours, reaching $0.11, despite a weekly decline of 5%. The circulating supply has increased, and its market cap is now $3.19 billion, ranking it 33rd.
The short-term price increase of Stellar (XLM) is a positive signal for investors, especially given the broader context of its recent price decline over the past week. The increase in circulating supply without a corresponding drop in price suggests a healthy demand. The market cap ranking provides additional context on its relative size and importance in the cryptocurrency market.
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IMPORTANCE 85
RELEVANCE 100