Cryptocurrency Hedera Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Hedera (HBAR) has seen a price drop of 4.57% in the past 24 hours, continuing a week-long decline of 17%. Trading volume has surged by 254% over the past week, while the circulating supply increased by 0.52%. Hedera's market cap is currently $2.35 billion, ranking it #37.
July 05, 2024 | 3:02 pm
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NEGATIVE IMPACT
Hedera (HBAR) has experienced a significant price drop of 4.57% in the past 24 hours, continuing a week-long decline of 17%. Despite the price drop, trading volume has surged by 254% over the past week, indicating increased market activity. The circulating supply has also increased by 0.52%, bringing the total to 35.78 billion HBAR, which is 71.56% of its max supply. Hedera's market cap is currently $2.35 billion, ranking it #37.
The significant price drop of 4.57% in the past 24 hours and a 17% decline over the past week indicate a bearish trend for Hedera (HBAR). The increased trading volume suggests heightened market activity, but the overall negative price movement is likely to impact investor sentiment negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100