Cardano Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cardano's (CRYPTO: ADA) price has fallen 4.34% to $0.49 in the past 24 hours, continuing a negative trend with an 8.0% loss over the past week. The trading volume decreased by 4.0%, and the circulating supply dropped by 0.21%. Cardano's market cap is currently $17.18 billion, ranking it 9th.
January 22, 2024 | 7:02 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Cardano's price has decreased by 4.34% in the last 24 hours and 8% over the past week, with a decrease in trading volume and circulating supply.
The price drop of Cardano is significant over both the last 24 hours and the past week, indicating a bearish trend. The decrease in trading volume suggests lower investor interest, and the reduced circulating supply could indicate a tightening of available coins. However, as cryptocurrencies are highly volatile, the impact score is negative, reflecting the current downward trend.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100