Cardano Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Cardano (CRYPTO: ADA) has seen a 4.12% decrease in price over the last 24 hours, falling to $0.74, despite a 2.0% gain over the past week. The trading volume and circulating supply have also decreased, with the circulating supply now at 35.24 billion, 78.3% of its max. ADA's market cap ranks it #9 at $26.08 billion.
March 12, 2024 | 7:01 pm
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NEGATIVE IMPACT
Cardano's price has decreased by 4.12% in the last 24 hours, moving down to $0.74. This comes after a week of positive growth. The trading volume and circulating supply have decreased, affecting its market dynamics.
The short-term price impact for ADAUSD is likely negative due to the recent 4.12% decrease in price, alongside a decrease in trading volume and circulating supply. These factors suggest a potential decrease in demand or investor interest, which could further pressure the price downward in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100