10-day Cardano ADA/USD realized volatility until May 5, 2022
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.