The Turmoil For Cardano (ADA) MIght Not Be Over Just Yet
- ADA is currently trading at $0.2629 after a 12.17% drop in price.
- The daily chart for ADA is extremely bearish.
- There is more buy volume than sell volume on ADA’s charts.
Things are not looking positive in the crypto markets today, and one of the cryptocurrencies that struggled over the last 24 hours is (ADA). According to CoinMarketCap, ADA is currently trading hands at $0.2629 after a 12.17% drop in price over the last day. In addition to this, the Ethereum-killer is also down by more than 15% over the last week.
In addition to weakening against the dollar, ADA has weakened against the two biggest cryptocurrencies in the market, (BTC) and (ETH), by about 8.66% and 5.65% respectively as well over the last 24 hours.
The altcoin’s 24 hour trading volume, however, saw a triple-digit 150% increase since yesterday and now stands at $530,284,595.
With its market cap of $9,074,756,971, AD is currently the 9th biggest cryptocurrency in the market in terms of market capitalization. This places the altcoin right behind (DOGE) in the 8th position and in front of Polygon (MATIC) which is ranked 10th.
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