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Cardano Price Daily Analysis: Price Slightly Dips with Average Price of $0.2556 – Sep 06, 2023

The past 24 hours saw Cardano’s (ADA) price oscillating in a tight range, between lows of $0.255313 and highs of $0.259116. At the time of writing, the ADA price is $0.2556.

24-hour Price and Volume Analysis

With a 24-hour trading volume of 94,860,068 ADA, the price remained steady, showing a minor decrease of -13.11943%. The market sentiment remains positive among the top 50 cryptocurrencies, despite the current dipping trend.

Market Capitalization and Ranking

Cardano is currently ranked 9th with a market capitalization of $8,964,919,687. The ADA’s market cap dominance stands at 747.0766%, making it one of the dominant players amongst the top 50 Cryptos.

7-day Price Range

Over the past seven days, Cardano experienced a dip of -3.3146% with market sentiment remaining at 80.9%. Occasional price fluctuations are to be expected, showcasing the volatile nature of the crypto market.

All-Time High and Low

Cardano has had a spectacular journey since its inception, reaching an all-time high of $3.09 and a low of $0.01925275.

Circulating and Max Supply

The circulating supply is 35,045,020,830 ADA with a max supply of 45,000,000,000, demonstrating that Cardano is nearing its maximum supply limit.

Cardano Price Prediction – Next 24 hours:

Given the current market conditions and correlation with Bitcoin, it can be predicted that Cardano’s price could continue its bearish trend over the next 24 hours.

7-Day Forecast:

Looking at the 7-day trend, there is a possibility that ADA will gain some ground and rebound from the current dip. Investors are advised to keep a close watch and make decisions accordingly.

The data provided here is for informational purposes only and should not be used as investment advice. Cryptocurrency trading involves risk, and you should only invest what you can afford to lose.

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