Cardano Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cardano (CRYPTO: ADA) has seen a 4.82% decrease in price over the last 24 hours, continuing a negative trend with a 7.0% loss over the past week. Despite this, trading volume has increased by 6.0%, and the circulating supply has grown by 0.87%. ADA's market cap ranking is currently #10 at $21.76 billion.
April 01, 2024 | 3:02 pm
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NEGATIVE IMPACT
Cardano (ADA) has experienced a 4.82% price decrease in the last 24 hours and a 7.0% decrease over the past week, with an increase in trading volume and circulating supply.
The price decrease of Cardano (ADA) over both the last 24 hours and the past week suggests a negative short-term impact on its value. However, the increase in trading volume and circulating supply indicates growing interest and possibly more liquidity in the market, which could mitigate some of the negative price pressure. The market cap ranking at #10 reflects a strong position in the cryptocurrency market despite recent losses.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100