Cardano Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cardano's (CRYPTO: ADA) price has fallen 3.7% to $0.26 in the past 24 hours, continuing its negative trend over the past week with a 11.0% loss. The trading volume for the coin has increased 45.0% over the past week while the overall circulating supply of the coin has increased 0.15% to over 35.05 billion. The current market cap ranking for ADA is #8 at $8.99 billion.
August 22, 2023 | 3:00 pm
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Cardano's price has fallen 3.7% in the past 24 hours, continuing its negative trend over the past week with a 11.0% loss. The trading volume for the coin has increased 45.0% over the past week.
The price of Cardano has been on a downward trend, falling 3.7% in the past 24 hours and 11.0% over the past week. This negative trend, coupled with an increase in trading volume, suggests that there is a bearish sentiment among investors, which could continue to drive the price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100