Cardano Rises More Than 16% In 24 hours
Portfolio Pulse from Benzinga Insights
Cardano's (CRYPTO: ADA) price has risen 16.91% to $0.34 in the past 24 hours, continuing its positive trend over the past week with a 15.0% gain. The trading volume for the coin has climbed 86.0% over the past week, while the overall circulating supply has decreased 1.18% to 35.05 billion. The current market cap ranking for ADA is #8 at $11.87 billion.
July 13, 2023 | 7:00 pm
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POSITIVE IMPACT
Cardano's price has risen significantly in the past 24 hours and week, with an increase in trading volume and a decrease in circulating supply. This could indicate a positive short-term impact on ADA's price.
The increase in Cardano's price and trading volume, coupled with a decrease in circulating supply, suggests a higher demand for the coin. This could lead to a further increase in price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100