Cardano Sees Significant Gains in Cryptocurrency Market

Cardano's Market Performance

Cardano has shown a remarkable increase in value, trading at $0.5814, marking a 10.04% rise. This is the largest one-day percentage gain since November. Cardano's market cap reached $20.2015 billion, accounting for 0.68% of the total cryptocurrency market cap. Although this is a significant boost, it remains below its peak market cap of $94.8001 billion.

Recent Trading Range

In the past 24 hours, Cardano's trading range was between $0.5640 and $0.5815. Over the last week, Cardano's value surged by 55.44%, with its trading range extending from $0.4043 to $0.6591. Despite the recent gains, Cardano is still 81.24% below its all-time high of $3.10, recorded in September 2021.

Trading Volume Insights

The trading volume for Cardano in the last 24 hours was $2.0083 billion, making up 0.67% of the total cryptocurrency trading volume. This trading activity reflects the growing interest and investment in Cardano.

Broader Cryptocurrency Market

In the broader cryptocurrency market, Bitcoin and Ethereum also recorded gains. Bitcoin was priced at $90,240.3, showing a 4.22% increase, while Ethereum traded at $3,237.68, up by 3.17%. Bitcoin holds a significant market share with a cap of $1,779.8342 billion, representing 59.49% of the total cryptocurrency market cap. Ethereum's market cap stands at $388.0956 billion, accounting for 12.97% of the market.

Cardano's recent performance highlights its potential in the cryptocurrency market, despite the overall market volatility and its distance from previous highs.