Jan 8, 2024: On Monday, Cardano experienced a significant decline, trading at $0.4660 by 22:27 (03:27 GMT) as per the Investing.com Index. This marked a notable decrease of 10.24% within the day, representing the most substantial one-day percentage loss since December 16, 2022.
This downward movement caused Cardano’s market capitalization to decrease to $16.7466B, constituting approximately 1.04% of the overall cryptocurrency market cap. Notably, its market cap had previously reached a high of $94.8001B.
Within the preceding twenty-four hours, Cardano had a trading range between $0.4660 and $0.4996.
Over the course of the last week, Cardano has seen a significant reduction in value, witnessing a decline of 20.81%. The volume of Cardano traded within the twenty-four hours leading up to the current data was $494.3902M, representing around 0.94% of the total volume across all cryptocurrencies. Notably, Cardano’s trading range over the past seven days spanned from $0.4660 to $0.6368.
Despite its current price, Cardano remains at an 84.96% decrease from its all-time high of $3.10, which was established on September 2, 2021.
