The price of the Cardano cryptocurrency has risen by more than 12% in 24 hours

The price of the Cardano cryptocurrency has risen by more than 12% in 24 hours

In the past 24 hours, the price of Cardano (CRYPTO: ADA) has increased by 12.75% to $0.54. The move is the opposite of its negative trend from last week, when it suffered a 2.00 loss from $0.55 to its current price.

The chart below compares Cardano’s price action and volatility over the past 24 hours (left) with the price action over the past week (right). The grey bands are Bollinger Bands, which measure the volatility of daily and weekly price movements. At any given time, the wider the band, or the larger the gray area, the higher the volatility.​

The token’s trading volume has grown by 48.00% over the past week, while the token’s circulating supply has decreased by 0.73%. This puts the circulating supply at $33.82 billion, which is estimated to be 75.16% of its maximum supply of $45 billion. According to our data, ADA is currently ranked 7th by market cap with $18.08 billion.

Where can I buy Cardano?
If you are interested in buying Cardano or would like more information, follow this link to Benzinga Money. Our Benzinga Money team has educational content that not only explains the details of the token in depth, but also how and where to buy it.

Would you like to learn more about trading and be able to analyze your own stock or cryptocurrency portfolio? Subscribe to Benzinga Pro. Benzinga Pro provides you with the latest news and analysis, allowing you to perfect your investing and trading strategies. Follow this link to visit the site.

Via the CoinGecko API

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