Cardano Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Cardano (ADA) has experienced a 3.95% price drop in the last 24 hours, continuing a weekly decline of 4.0%. Trading volume has decreased by 4.0%, while circulating supply increased by 0.41%. Cardano's market cap is ranked #12 at $11.74 billion.

September 16, 2024 | 7:02 pm
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NEGATIVE IMPACT
Cardano's price has fallen by 3.95% in the last 24 hours, continuing a weekly decline. Trading volume is down 4%, while circulating supply has increased slightly. The market cap is ranked #12.
The decline in Cardano's price and trading volume suggests a bearish sentiment in the market. The increase in circulating supply could also contribute to downward pressure on the price. The market cap ranking indicates its significant position in the crypto market, but the current trend is negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100