Cardano Up More Than 9% In 24 hours
Portfolio Pulse from Benzinga Insights
Cardano (CRYPTO: ADA) has seen a significant increase of 9.02% in its price over the last 24 hours, reaching $0.79. This uptrend extends over the past week with a 30.0% gain from $0.61. The coin's trading volume surged by 199.0%, and its circulating supply slightly increased to over 35.17 billion, representing 78.15% of its max supply. Currently, ADA's market cap ranks it as the 9th largest, standing at $27.64 billion.
March 04, 2024 | 3:03 pm
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Cardano (ADA) has experienced a 9.02% increase in price over the last 24 hours, reaching $0.79, with a 30% gain over the past week. The trading volume has significantly increased by 199%, and the circulating supply has slightly risen. ADA's market cap now ranks it as the 9th largest at $27.64 billion.
The significant price increase and trading volume surge indicate strong investor interest and market momentum for Cardano. The increase in circulating supply is minimal, suggesting that the price rise is not due to an oversupply. The ranking improvement to the 9th largest by market cap further validates its growing market presence and investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100