Cardano Up More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Cardano's (CRYPTO: ADA) price has increased by 3.36% in the last 24 hours to $0.60, despite a 4.0% decline over the past week from $0.63. The coin's all-time high is $3.09. Trading volume has decreased by 55.0% over the past week, while the circulating supply has risen by 0.49% to over 35.02 billion, which is 77.83% of the max supply. Cardano's market cap is currently ranked #8 at $20.98 billion.
December 20, 2023 | 3:02 pm
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Cardano (ADA) has seen a 3.36% price increase to $0.60 over the last 24 hours, countering its weekly 4.0% loss. The trading volume has significantly decreased, and the circulating supply has slightly increased.
The short-term price increase of Cardano (ADA) could attract attention from traders and investors, potentially leading to a continuation of the upward trend, especially if the market perceives the increase in circulating supply as a sign of stability or growth. However, the significant decrease in trading volume could indicate a lack of interest or a consolidation phase, which might temper the short-term impact.
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