Cryptocurrency Stacks Falls More Than 5% in 24 Hours
Stacks's price has taken a noticeable drop. STX/USD fell from its price by 5.43% to $1.8 just in the past 24 hours. This continues a negative trend that Stacks has been experiencing over the past week.
Price Movement Overview
Over the past week, Stacks saw a 17.0% loss, declining from $2.17 to its current price of $1.8. The chart below displays the price movement and volatility for Stacks over the past 24 hours on the left side and over the past week on the right side.
Understanding Bollinger Bands
The gray bands in the chart are known as Bollinger Bands. They measure volatility in both daily and weekly price movements. When the bands are wider, it indicates greater volatility. So, more significant fluctuations in price are happening.
Recent Trading Volume and Supply Insights
Interestingly, the trading volume for Stacks increased by 12.0% over the past week. However, the overall circulating supply of the coin decreased by 0.26%, making the current circulating supply approximately 80.72% of its maximum supply of 1.82 billion coins.
Market Cap and Ranking
As of now, the current market cap ranking for STX is #42, amounting to $2.64 billion.
Key Takeaways:
- Stacks price decreased by 5.43% in the past 24 hours.
- Over the past week, it saw a 17.0% decline in value.
- Trading volume increased by 12.0%, while circulating supply decreased slightly.
- Current market cap is $2.64 billion, ranking it at #42.
Stay updated for more trends and changes in the cryptocurrency market.
