Cardano Up More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Cardano (ADA) has seen a 3.25% increase in price over the last 24 hours, reaching $0.47, despite a 16% decrease over the past week from $0.56. The trading volume surged by 44%, and the circulating supply rose by 0.52% to 35.30 billion, representing 78.45% of its max supply. Currently, ADA's market cap ranks #11 at $16.75 billion.
April 19, 2024 | 3:02 pm
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Cardano (ADA) has experienced a 3.25% increase in its price to $0.47 over the last 24 hours, despite a weekly decline of 16%. The trading volume and circulating supply have also seen significant increases.
The short-term price increase of ADA, despite a recent downtrend, indicates a potential reversal or positive market sentiment. The significant increase in trading volume suggests increased investor interest, which could further drive up the price in the short term. The rise in circulating supply without negatively impacting the price also shows strong demand.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100