Cardano Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cardano (ADA) has experienced a 4.84% price drop in the past 24 hours, continuing a week-long downward trend. Trading volume has decreased by 19% over the past week, while the circulating supply has slightly increased. Cardano's market cap is currently ranked #11 at $13.64 billion.
August 01, 2024 | 3:02 pm
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Cardano (ADA) has seen a 4.84% price drop in the past 24 hours, continuing a week-long downward trend. Trading volume has decreased by 19% over the past week, while the circulating supply has slightly increased. Cardano's market cap is currently ranked #11 at $13.64 billion.
The significant price drop and decrease in trading volume indicate a bearish sentiment in the market for Cardano. The slight increase in circulating supply adds to the selling pressure, making a short-term price decline likely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100