Cardano’s Latest Price Movement: What You Need to Know
As a top investment manager, it’s crucial to stay informed about the latest trends in the cryptocurrency market. Today, Cardano (ADA) experienced a significant drop in price, trading at $0.9403 on the Investing.com Index, marking an 11.80% decrease since the previous day. This decline represents the largest one-day percentage loss for Cardano since April 12.
Key Insights on Cardano’s Market Cap and Trading Range
- Cardano’s market cap now stands at $33.0751B, accounting for 1.03% of the total cryptocurrency market cap. This is a substantial decrease from its peak market cap of $94.8001B.
- Within the past 24 hours, Cardano’s price fluctuated between $0.9382 and $0.9897, showcasing volatility in the market.
Performance Over the Past Week
Despite the recent price drop, Cardano has shown resilience over the past seven days, with a notable 25.96% increase in value. The trading volume for Cardano in the last 24 hours was $2.8555B, representing 1.19% of the total cryptocurrency volume. Over the week, Cardano’s price ranged from $0.7382 to $1.1467.
It’s important to note that even with the current price of $0.9403, Cardano remains 69.66% below its all-time high of $3.10, which was reached on September 2, 2021.
Updates on Other Major Cryptocurrencies
Bitcoin, another prominent cryptocurrency, saw a 5.75% decrease, trading at $92,586.4 on the Investing.com Index. Ethereum also experienced a downturn, with a loss of 1.49% and a trading price of $3,362.43.
As of now, Bitcoin’s market cap is $1,837.7193B, representing 57.47% of the total cryptocurrency market cap. Ethereum holds a market cap of $405.4929B, accounting for 12.68% of the total cryptocurrency market value.