Cardano Experiences Significant Drop in Value
Cardano’s Value Plummets by 10.19%
Cardano faced a substantial decline in value, with a 10.19% drop in its trading price to $0.6506, marking the most significant one-day percentage loss since December 16, 2022.
Market Cap Decline
The downward movement also impacted Cardano’s market cap, which decreased to $23.5301B, representing 0.95% of the total cryptocurrency market cap. Previously, Cardano’s market cap had reached $94.8001B.
Trading Range and Volume
Within a twenty-four-hour period, Cardano traded between $0.6494 and $0.6737. The trading volume for Cardano during this time was $991.2856M, accounting for 0.69% of the total cryptocurrency volume.
Weekly Performance
Over the past seven days, Cardano experienced a 9.86% decrease in value. The cryptocurrency traded within a range of $0.6494 to $0.8097 during this week.
Comparison to All-Time High
Despite the current price, Cardano remains 79.01% below its peak value of $3.10, which was attained on September 2, 2021.
Cryptocurrency Market Overview
Bitcoin saw a 5.28% decline, trading at $65,541.8, while Ethereum faced a 6.47% loss, with a trading value of $3,485.03.
Bitcoin’s market cap stands at $1,290.7198B, representing 51.96% of the total cryptocurrency market cap, whereas Ethereum’s market cap is $420.5588B, accounting for 16.93% of the total cryptocurrency market value.
