Cryptocurrency Stellar Falls More Than 3% In 24 hours

Stellar’s XLM/USD price has experienced a decline of 3.2% over the past 24 hours, dropping to $0.12. This negative trend continues from the previous week, where the price saw an 11.0% loss, falling from $0.13 to its current level.

Analyzing the chart below, we can compare the price movement and volatility of Stellar over the past 24 hours (left) and the past week (right). The gray bands represent Bollinger Bands, which measure volatility for both daily and weekly price movements. The wider the bands or the larger the gray area, the greater the volatility.

In terms of trading volume, XLM has seen a 9.0% increase over the past week. Interestingly, this volume has moved in the opposite direction of the overall circulating supply of the coin, which has decreased by 0.12%. The current circulating supply stands at 28.27 billion XLM, representing approximately 56.54% of its maximum supply of 50.00 billion. According to available data, XLM currently holds the #27 market cap ranking, with a valuation of $3.27 billion.

It is important to note that this article was generated by Benzinga’s automated content engine and reviewed by an editor. For more information on Stellar and its price movement, readers can refer to the CoinGecko API.

Stellar’s recent price decline reflects the broader volatility within the cryptocurrency market. Investors and traders should stay updated on the latest developments and trends to make informed decisions regarding their investments.

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