Cardano Drops 11% In Bearish Trade Since September

Jafrin  |  Nov 3, 2020

Cardano was trading at $ 0.089271 on the Index at 03:14 GMT on Tuesday, Oct. 3, 2020, down by 11.08% on the day. This is one of the largest one-day percentage loss in the cryptocurrency's price valuation since September 5.

Cardano Slumped by 12.52% Over Past 7 days

The fall triggered a drop in Cardano's market cap down to $2.824368B, or 0.72% of the total cryptocurrency market cap. The total market cap of Cardano was at its highest peak at $23.917000B. Over the past 24 hours, the cryptocurrency traded in a range between $0.089041 to $0.093097. Meanwhile, the total volume of Cardano cryptocurrency traded in the past 24 hours at the time of publication was $2.824368B, or 0.72% of the total cryptocurrency market cap.

Over the past 7 days, Cardano saw a price fall by 12.52% and traded in the price range between $0.0890 to $0.1033. At the moment, Cardano is still down 93.39% from its all-time high of $1.35 that was last reached on January 4, 2018.

Bitcoin, the largest cryptocurrency by market capitalization was the last trading on the Index at $13,356.6, down by 2.76% on the day. While Ethereum was trading on the Index at $13,356.6, down 5.90%. Bitcoin’s total market cap was last seen at $248.880371B or 63.84% of the total cryptocurrency market cap, while Ethereum’s market cap is $43.059381B or 11.05% of the total cryptocurrency market cap.

Cardano: One of the Fastest Gowing Blockchains in the Industry

Cardano is one of the most aspiring cryptocurrency projects founded by the co-founder of Ethereum Charles Hoskinson. Its internal cryptocurrency is called ADA, which can be used for sending and receiving digital funds. It has been in the top 10 cryptocurrencies by market capitalization since last released in 2015.

Cardano is one of the fastest-growing blockchains in the crypto industry.  It is one of the finest proof-of-stake blockchains that enables the owners of ADA cryptocurrency in operating the network or vote on changes to any software rules. The project is based and developed by the Cardano Foundation in Zug, Switzerland.

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