Cardano Rises More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Cardano (CRYPTO: ADA) has seen a 3.21% increase in price over the last 24 hours, reaching $0.46. This is part of a positive trend over the past week, with a 1.0% gain from $0.46. The trading volume for ADA has decreased by 15% over the past week, and its circulating supply has decreased by 0.18% to over 35.34 billion, which is 78.53% of its max supply. ADA's market cap is now $16.40 billion, ranking it #11.
May 08, 2024 | 7:00 pm
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Cardano's price increased by 3.21% in the last 24 hours to $0.46, with a 1.0% gain over the past week. The trading volume has decreased by 15%, and the circulating supply has slightly decreased, affecting its market cap and ranking.
The increase in Cardano's price over the past 24 hours and the past week indicates a positive short-term momentum for ADAUSD. The decrease in trading volume suggests less trading activity, but the reduction in circulating supply could be seen as positive for price pressure due to reduced availability. The market cap and ranking provide a broader perspective on its market position, reinforcing the asset's strength in the current market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100