- ADA’s price dropped 1.87% over the past 24 hours and was trading at $0.2423 as a result.
- The negative daily performance was also enough to flip ADA’s weekly performance into the red zone.
- Technical indicators on ADA’s chart suggested that its price may continue to drop in the next 24-48 hours.
Cardano has seen its total value locked (TVL) soar to a new high. Over the past few days, ADA’s TVL has risen to 637 million ADA. This is approximately $253.7 million at the altcoin’s current price. Notably, this is not the project’s all-time high (ATH) TVL, which stands at $326 million and was set in March last year.
Current Market Standing
Cardano (ADA) is ranked as the eighth biggest project in terms of market cap, according to CoinMarketCap. It experienced a 24-hour price drop of 1.87%, taking its price down to $0.2423 at press time. The Ethereum-killer’s market cap stood at $8.533 billion as a result.
Meanwhile, ADA’s 24-hour trading volume stood at $114.020 million, following a 24-hour decrease of 12.06%. Furthermore, the price of ADA was nearer to its 24-hour low of $0.2407, while the altcoin’s daily high stood at $0.2472.
The negative …
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