Discover the reasons behind Cardano's unexpected growth amidst a sharp decline in the digital currency market. Learn about the factors influencing Cardano's price and trading volume.
The digital currency market has experienced one of its sharpest daily declines this year, with Cardano (ADA) suffering the most significant drop among top cryptocurrencies. Despite the severe price drop, Cardano’s daily trading volume has shown a remarkable increase. Data from CoinMarketCap reveals a 466% surge in Cardano’s daily trading volume to over $3.9 billion. This volume surge, in contrast to the price drop, indicates significant trader exodus from the market. Traders liquidated over $36 million in the past 24 hours, with long traders bearing the brunt of the losses.
