Cardano Up More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Cardano (CRYPTO: ADA) has seen a 4.12% price increase over the past 24 hours, reaching $0.49, despite a 2.0% decline over the past week. The coin's all-time high is $3.09. Trading volume has decreased by 28.0%, while the circulating supply has increased by 0.14% to 35.09 billion, representing 77.98% of the max supply. Cardano's market cap is currently ranked #9 at $17.06 billion.
January 26, 2024 | 7:01 pm
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Cardano's price increase of 4.12% to $0.49 over the last 24 hours may attract short-term interest, despite a weekly decline of 2.0%. The market cap holds strong at $17.06 billion, ranking 9th.
The short-term price increase of Cardano, despite a weekly loss, indicates a potential rebound or increased volatility that could attract traders. The drop in trading volume suggests less market activity, but the increase in circulating supply could be seen as a positive sign of growth. The market cap ranking demonstrates Cardano's significant presence in the cryptocurrency market.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100