Cryptocurrency Stacks Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Stacks (STX) experienced a 4.63% decrease in price over the last 24 hours, marking a continuation of its downward trend with a total decrease of 2.0% over the past week. The trading volume for STX has decreased by 71.0%, while its circulating supply has increased by 0.38%. Currently, STX's market cap ranks it at #39 with a value of $3.10 billion.
May 08, 2024 | 7:02 pm
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NEGATIVE IMPACT
Stacks (STX) saw a 4.63% price decrease over the last 24 hours, with a weekly decrease of 2.0%, a 71.0% drop in trading volume, and a slight increase in circulating supply.
The significant decrease in price and trading volume for STXUSD suggests a bearish short-term outlook. The increase in circulating supply without a corresponding price increase may further dilute the value, contributing to the negative price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100