Cardano Sees Significant Price Surge Amidst Broader Crypto Market Recovery
Cardano Price Surge Highlights
Cardano's price surged 10.03% on Wednesday, reaching $0.6316 by 13:55 (17:55 GMT) on the Investing.com Index. This marked its largest one-day percentage gain since April 9. The upward move pushed Cardano’s market cap to $21.9599B, representing 0.85% of the total cryptocurrency market cap.
Recent Price Fluctuations
Over the past 24 hours, Cardano traded between $0.5373 and $0.6316. However, over the past seven days, the cryptocurrency has experienced a 8.98% decline. The 24-hour trading volume for Cardano was $1.4614B, accounting for 0.98% of the total crypto market volume.
Long-Term Perspective
Cardano’s current price is still 79.62% below its all-time high of $3.10, which was recorded on September 2, 2021. Despite the recent surge, the cryptocurrency remains significantly below its peak value.
Broader Crypto Market Context
Bitcoin and Ethereum also saw gains, with Bitcoin rising 5.39% to $81,508.1 and Ethereum gaining 8.59% to $1,608.46. Bitcoin’s market cap dominated at $1,619.6022B (62.57% of the total crypto market), while Ethereum’s market cap stood at $191.6306B (7.40% of the total market value).
This summary provides a concise overview of Cardano’s recent performance and its position within the broader cryptocurrency market.
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