Cardano's Price Increased More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cardano's (ADA) price has increased by 5.51% in the past 24 hours to $0.49, with a weekly uptick of over 8.0%. The trading volume has risen by 92.0% over the past week, while the circulating supply has decreased slightly. ADA's market cap is currently $17.27 billion, ranking it #11.
June 07, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Cardano (ADA) has seen a significant price increase of 5.51% in the past 24 hours, reaching $0.49. The trading volume has surged by 92.0% over the past week, indicating heightened investor interest. The circulating supply has slightly decreased, and the market cap stands at $17.27 billion, ranking ADA at #11.
The significant price increase and surge in trading volume suggest strong short-term bullish sentiment for Cardano (ADA). The slight decrease in circulating supply could also contribute to upward price pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100