Cardano's ADA/USD price has surged by 5.51% in the past 24 hours, reaching $0.49. Over the past week, ADA has risen by over 8.0%, moving from $0.45 to its current price. This price increase is significant, although it remains far from its all-time high of $3.09.
Price Movement and Volatility
The chart below illustrates Cardano's price movement and volatility over the past 24 hours compared to the past week. The gray bands represent Bollinger Bands, which measure volatility. Wider bands indicate greater volatility.
Increased Trading Volume
Trading volume for Cardano has increased by 92.0% over the past week. This significant rise in trading activity suggests heightened interest and engagement from investors.
Circulating Supply and Market Cap
The circulating supply of Cardano has decreased by 0.18%, bringing it to 35.39 billion ADA. This represents approximately 78.65% of its maximum supply of 45.00 billion ADA. Cardano currently holds the #11 spot in market cap rankings, with a market cap of $17.27 billion.
Cardano's recent price surge and increased trading volume highlight the growing interest in the cryptocurrency. Despite this positive trend, the coin is still far from its all-time high, suggesting potential room for further growth.