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Hedera Cryptocurrency Plummets Over 4% in Just 24 Hours: What’s Behind the Drop?

Cryptocurrency, Drop, Hedera, Hours, Plummets, Whats

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Price of Hedera’s HBAR/USD Falls 4.79% in the Past 24 Hours

Over the past 24 hours, Hedera’s HBAR/USD price has fallen 4.79% to $0.05. This continues its negative trend over the past week where it has experienced a 17.0% loss, moving from $0.06 to its current price.

Comparing Price Movement and Volatility

The chart below compares the price movement and volatility for Hedera over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Trading Volume and Circulating Supply

The trading volume for the coin has tumbled 11.0% over the past week while the circulating supply of the coin has risen 0.64%. This brings the circulating supply to 33.18 billion, which makes up an estimated 66.36% of its max supply of 50.00 billion. According to our data, the current market cap ranking for HBAR is #31 at $1.64 billion.

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This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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