Cardano was trading at $2.032329 by 15:56 (19:56 GMT) on the Investing.com Index on Sunday, down 10.15% on the day. It was the largest one-day percentage loss since May 12.
The move downwards pushed Cardano’s market cap down to $65.610675B, or 3.13% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $69.111347B.
Cardano had traded in a range of $2.030885 to $2.460070 in the previous twenty-four hours.
Over the past seven days, Cardano has seen a rise in value, as it gained 16.84%. The volume of Cardano traded in the twenty-four hours to time of writing was $11.293003B or 5.99% of the total volume of all cryptocurrencies. It has traded in a range of $1.5004 to $2.4601 in the past 7 days.
At its current price, Cardano is still down 17.39% from its all-time high of $2.46 set on May 16.
Cardano Price Prediction
With so many projects in the pipeline and three ready products that have already been deployed in many companies, crypto experts believed the price of Cardano was undervalued. Over the past couple of months, the price of Cardano was steadily rising, matching up to crypto experts opinion that this coin was undervalued. Coinpedia predicts that Cardano could reach a high price of $10 dollars by the end of the year. The website FXStreet believed Cardano could go up to $3 by the end of the year. However, readers should take these predictions with a grain of salt.