The cryptocurrency market is known for its volatility, with prices often experiencing significant fluctuations in a short period of time. One such cryptocurrency that has seen a recent drop in price is Stellar (XLM).
Over the past 24 hours, Stellar’s price has fallen by 3.68% to $0.13. This is a reversal from its positive trend over the past week, where it saw a 13.0% gain, moving from $0.12 to its current price. The chart below compares the price movement and volatility for Stellar over the past 24 hours to its price movement over the past week, with Bollinger Bands indicating the level of volatility.
The trading volume for Stellar has increased by 156.0% over the past week, while the circulating supply of the coin has decreased by 0.03%. The circulating supply of Stellar is currently at 28.60 billion, which represents around 57.21% of its maximum supply of 50.00 billion. As per the data, Stellar is currently ranked #36 in terms of market cap, with a value of $3.83 billion.
It is important to note that cryptocurrency prices are subject to a variety of factors, including market sentiment, regulatory developments, and overall market conditions. Investors should conduct thorough research and consider their risk tolerance before investing in any cryptocurrency.
This article was generated by Benzinga’s automated content engine and reviewed by an editor. For more information on Stellar and other cryptocurrencies, investors can visit the CoinGecko API.
