Cardano Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Cardano (CRYPTO: ADA) has seen a 3.88% decrease in price over the last 24 hours, continuing a negative trend with a 12% loss over the past week. The trading volume and circulating supply have also decreased, with the current market cap ranking at #11.
April 29, 2024 | 7:00 pm
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NEGATIVE IMPACT
Cardano's price has fallen 3.88% in the last 24 hours and 12% over the past week, with a decrease in trading volume and circulating supply.
The significant drop in Cardano's price over both the last 24 hours and the past week, accompanied by a decrease in trading volume and circulating supply, suggests a negative short-term impact on ADAUSD. The market's reaction to these factors typically results in a decrease in investor confidence, potentially leading to further price declines.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100