Cryptocurrency Cardano Falls More Than 3% In 24 hours
Over the past 24 hours, Cardano’s (CRYPTO: ADA) price has fallen 3.23% to $1.27. This continues its negative trend over the past week where it has experienced a 20% loss, moving from $1.58 to its current price.
The chart below compares the price movement and volatility for Cardano over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
The trading volume for the coin has fallen 36% over the past week which is opposite, directionally, with the overall circulating supply of the coin, which has increased 0.23%. This brings the circulating supply to 32.07 billion, which makes up an estimated 71.26% of its max supply of 45 billion. According to our data, the current market cap ranking for ADA is #7 at 40.68 billion.
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