Cardano (ADA) Price Increases Over 3% in One Day

Cardano ADA

In the last 24 hours, the price of Cardano (ADA) went up by 3.63% to reach $0.56. This follows a positive trend over the past week, with ADA experiencing a gain of 14.0%, rising from $0.49 to its current price. Currently, the coin’s all-time high is $3.09.

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The chart below shows the price changes and how much Cardano has been moving in the last 24 hours on the left side, and on the right side, it compares it to the price movements over the past week.


Cardano (ADA) Market Analysis

ADA Price Chart | Source: Coinstats

The gray bands depicted on the chart represent Bollinger Bands, indicating the volatility of Cardano’s price movements over the past 24 hours and the past week. Wider bands or larger gray areas indicate higher volatility in the market.

ADA Price and Volatility Chart

During the past week, the trading volume for Cardano has surged by 64.0%. Interestingly, this movement has been opposite to the overall circulating supply of the coin, which has slightly decreased by 0.15%. Presently, the circulating supply stands at 35.13 billion ADA, accounting for approximately 78.06% of its maximum supply of 45.00 billion.

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ADA Circulating Supply and Trading Volume

Based on available data, Cardano currently holds the #9 spot in market cap rankings, with a valuation of $19.69 billion.


Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

 

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  • Asad

    Asad is a dynamic and talented cryptocurrency content author who brings a wealth of knowledge and enthusiasm to every article. With a deep understanding of blockchain technology and a passion for digital assets, Asad's writing is both informative and engaging.

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