Cardano Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Cardano (CRYPTO: ADA) experienced a 3.23% price drop in the last 24 hours, contrasting with an 8.0% gain over the past week. The trading volume surged by 86.0%, and the circulating supply increased by 0.24% to over 35.13 billion, making up 78.06% of its max supply. ADA's market cap ranking is now #9 at $19.06 billion.
February 13, 2024 | 7:01 pm
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Cardano (ADA) saw a 3.23% decrease in price over the last 24 hours but has gained 8.0% over the past week. The trading volume and circulating supply have also seen significant changes.
The short-term price drop of 3.23% in ADAUSD is significant, indicating a potential bearish sentiment among investors. However, the increase in trading volume and circulating supply, along with the positive weekly gain, suggests underlying strength. The market cap ranking improvement to #9 reflects growing investor interest and market valuation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100