The price of Cardano was especially volatile in May 2021 and peaked again in August 2021, although figures declined by more than half since then. The third-generation cryptocurrency gained heavily during those two months due to increasing popularity of NFTs - Cardano is an alternative to Ethereum, the most-used blockchain for NFTs and Decentralized Finance (DeFi). Measured in a metric called volatility, the percentage shown here reflects how much the price of Cardano in U.S. dollars changed historically over a preceding 10-day window. Changes can be either up or down, with a higher volatility reflecting that an asset is more risky, as price movements are less easy to predict and can swing in any direction.
Volatility - the price fluctuation - of Cardano (ADA) from January 1, 2020 to May 5, 2022
Rolling 10-day realized volatility, benchmarked against the S&P 500
Supplementary notes
Volatility measures the past changes in price over a given period of time. Crypto generally tends to be more volatile than, say, gold as the average price of most cryptocurrencies changes relatively more often and more severely.
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Website (Portfolioslab.com). (May 6, 2022). Volatility - the price fluctuation - of Cardano (ADA) from January 1, 2020 to May 5, 2022 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1278618/cardano-price-swings/
Website (Portfolioslab.com). "Volatility - the price fluctuation - of Cardano (ADA) from January 1, 2020 to May 5, 2022." Chart. May 6, 2022. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1278618/cardano-price-swings/
Website (Portfolioslab.com). (2022). Volatility - the price fluctuation - of Cardano (ADA) from January 1, 2020 to May 5, 2022. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1278618/cardano-price-swings/
Website (Portfolioslab.com). "Volatility - The Price Fluctuation - of Cardano (Ada) from January 1, 2020 to May 5, 2022." Statista, Statista Inc., 6 May 2022, https://www.statista.com/statistics/1278618/cardano-price-swings/
Website (Portfolioslab.com), Volatility - the price fluctuation - of Cardano (ADA) from January 1, 2020 to May 5, 2022 Statista, https://www.statista.com/statistics/1278618/cardano-price-swings/ (last visited December 21, 2024)
Volatility - the price fluctuation - of Cardano (ADA) from January 1, 2020 to May 5, 2022 [Graph], Website (Portfolioslab.com), May 6, 2022. [Online]. Available: https://www.statista.com/statistics/1278618/cardano-price-swings/
