Breaking Down Stellar - Full Analysis
Today I want to take a deep dive into Stellar. The numbers are interesting, and I think there's a compelling story here.
📈 Current Price Action
Currently trading at $0.21, we're seeing upward momentum in the short term. The weekly trend has been fairly sideways, suggesting consolidation.
Stellar price movement over the last 7 days
💰 Market Metrics
With a market cap of $6.86B, it's ranked #26 in the crypto market. The 24h volume of $134.98M represents 1.97% of the market cap, which indicates moderate trading activity.
| Metric | Value |
|---|---|
| Current Price | $0.21 |
| 24h Change | +3.62% |
| 7d Change | -1.73% |
| 30d Change | -17.38% |
| Market Cap | $6.86B |
| 24h Volume | $134.98M |
| Market Rank | #26 |
🪙 Supply Dynamics
Currently $32.38B coins are circulating from a total supply of $50.00B.
📊 Historical Context
The all-time high was $0.88, and we're currently 75.90% below that level. The all-time low sits at $0.00, which means we're 44224.67% up from the bottom.
That's a significant discount from ATH, which could present opportunity - or suggest fundamental changes in the project's prospects.
🤔 My Take
Looking at market behavior, Stellar is in a consolidation phase. The fundamental metrics show room for growth if fundamentals improve.
Remember, higher volatility means higher risk. Position sizing is crucial.
🎯 Final Thoughts
So that's my analysis of Stellar. The data presents an interesting picture, and I think it's worth keeping on your watchlist. What's your take on this project?
This is not financial advice. Always do your own research before making investment decisions.
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