Cardano Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cardano (ADA) experienced a 4.28% price decrease over the past 24 hours, continuing a weekly downtrend of -16.0%. Trading volume fell by 35.0%, and the circulating supply decreased by 0.42%. ADA's market cap ranking is now #10 at $22.90 billion.
March 18, 2024 | 7:02 pm
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NEGATIVE IMPACT
Cardano (ADA) saw a 4.28% decrease in price over the last 24 hours, with a significant weekly decline of 16%. The trading volume and circulating supply also saw reductions.
The significant price decrease of Cardano (ADA) over both the last 24 hours and the past week, combined with a decrease in trading volume and circulating supply, suggests a negative short-term impact on its price. The market cap ranking indicates its significant position in the market, but the downward trend and reduced trading activity could lead to further short-term declines.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100