Cardano Up More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Cardano (ADA) has seen a 4.17% increase in price over the last 24 hours, reaching $0.61, despite a 2.0% decrease over the past week from $0.62. The coin's all-time high is $3.09. Trading volume has decreased by 11.0% over the past week, while the circulating supply has risen by 0.31% to 35.16 billion, approximately 78.13% of its max supply. Cardano's market cap is currently ranked #9 at $21.45 billion.
February 26, 2024 | 7:01 pm
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Cardano (ADA) has experienced a 4.17% increase in its price to $0.61 over the last 24 hours, despite a weekly decline of 2.0%. The trading volume has decreased by 11.0%, while the circulating supply has increased by 0.31% to 35.16 billion.
The increase in Cardano's price over the last 24 hours, despite a recent downtrend, indicates a potential short-term bullish sentiment among investors. The decrease in trading volume could suggest less selling pressure, while the increase in circulating supply might have a dilutive effect on price in the long term. However, the short-term price increase and the coin's position in the market cap rankings suggest positive momentum.
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