Cardano faced a significant setback in its market value on Monday, as it traded at $0.4660 by 22:27 (03:27 GMT) on the Index, marking a 10.24% decline on the day. This single-day percentage loss is the largest since December 16, 2022, impacting Cardano’s market capitalization, which fell to $16.7466 billion, accounting for 1.04% of the total cryptocurrency market cap. In contrast, Cardano’s market cap had reached a high of $94.8001 billion.
Over the past seven days, Cardano witnessed a notable drop in value, experiencing a 20.81% loss. The trading volume for Cardano in the twenty-four hours leading up to the report was $494.3902 million, equivalent to 0.94% of the total volume across all cryptocurrencies. Cardano’s price fluctuated between $0.4660 and $0.4996 within the preceding twenty-four hours.
Despite its current price, Cardano remains down by 84.96% from its all-time high of $3.10 recorded on September 2, 2021.
Bitcoin’s market capitalization stood at $849.9365 billion, representing 52.90% of the total cryptocurrency market cap, while Ethereum’s market cap was $261.8862 billion, accounting for 16.30% of the total cryptocurrency market value.