Cardano Falls 11% In Rout
Investing.com – was trading at $0.5156 by 22:29 (02:29 GMT) on the Investing.com Index on Sunday, down 11.43% on the day. It was the largest one-day percentage loss since June 1.
The move downwards pushed Cardano’s market cap down to $18.2072B, or 1.62% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8001B.
Cardano had traded in a range of $0.5154 to $0.5608 in the previous twenty-four hours.
Over the past seven days, Cardano has seen a drop in value, as it lost 3.97%. The volume of Cardano traded in the twenty-four hours to time of writing was $1.2927B or 1.79% of the total volume of all cryptocurrencies. It has traded in a range of $0.5154 to $0.6670 in the past 7 days.
At its current price, Cardano is still down 83.36% from its all-time high of $3.10 set on September 2, 2021.
Elsewhere in cryptocurrency trading
was last at $27,868.5 on the Investing.com Index, down 4.77% on the day.
was trading at $1,470.61 on the Investing.com Index, a loss of 12.26%.
Bitcoin’s market cap was last at $538.9832B or 48.04% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $183.6689B or 16.37% of the total cryptocurrency market value.