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Cardano Price Daily Analysis: ADA Sees A Steady Drop, Averaging at $0.2487 – September 12th, 2023

Cardano opens at $0.2487 today, enduring a steady decline throughout the day. As an active player among the top 50 Cryptos, it’s important to keep a close eye on Cardano’s latest movements and overall market sentiment.

Current Cardano Market Condition

Trading at $0.2487 at the time of writing, Cardano’s 24-hour price range stretched between $0.237442 and $0.25032. Dominated by high trading volumes of up to 129,515,130.0000 ADA traded in the last 24 hours, Cardano’s market cap now stands at 8715740280.0000, securing the 8th position in rankings.

Despite its dominance in the market, plunging by -14.61858% has triggered fresh investor worries. The 7-day price range, however, spiralled down to -3.2038%, indicating negative price trends for Cardano.

The current circulating supply is at 35045020830.3234 ADA against a maximum supply cap of 45000000000 ADA.

24-hour Cardano Price Prediction

Taking into consideration the trend and current market parameters, Cardano might experience further slight decreases. The price is construed to oscillate within the $0.2400 and $0.2500 range.

7-day Cardano Price Prediction

In the coming week, Cardano’s price is expected to continue its downward trajectory, possibly touching lows near the $0.2300 range. Despite the fall, the Cardano community displayed a significantly upbeat investor sentiment, standing at 70.15%, demonstrating optimism for the future.

Tracing a close correlation with Bitcoin, currently priced at $26,101.00, Cardano’s price movement takes a cue from the prime cryptocurrency, extending its trend to other cryptos.

The all-time record for Cardano is set at $3.09 on the higher side and $0.01925275 on the lower. Cardano has ample opportunity for growth, promising intriguing prospects for both short-term traders and long-term investors.

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