Cryptocurrency Cardano Down More Than 5% Within 24 hours

Cardano's ADA/USD price has decreased 5.22% over the past 24 hours to $0.43, continuing its downward trend over the past week of -4.0%, moving from $0.45 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 tumbled 15.0% over the past week along with the circulating supply of the coin, which has fallen 0.17%. This brings the circulating supply to 33.82 billion, which makes up an estimated 75.16% of its max supply of 45.00 billion. According to our data, the current market cap ranking for ADA is #8 at $14.68 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.