January 20, 2023

Cryptocurrency Hedera's Price Increased More Than 6% Within 24 hours

Over the past 24 hours, Hedera’s (CRYPTO: HBAR) price rose 6.22% to $0.06. This continues its positive trend over the past week where it has experienced a 30.0% gain, moving from $0.05 to its current price. As it stands right now, the coin’s all-time high is $0.57.

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.

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Hedera’s trading volume has climbed 140.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has increased 0.43%. This brings the circulating supply to 25.21 billion, which makes up an estimated 50.42% of its max supply of 50.00 billion. According to our data, the current market cap ranking for HBAR is #37 at $1.55 billion.

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

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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