Cardano Sees Significant Price Surge, Gains 10% in One Day
Cardano's Price Surge and Market Performance
Cardano (ADA) experienced a notable price increase, trading at $0.6852 on the Investing.com Index as of 20:20 GMT on Wednesday. This marked a 10.11% gain, its largest one-day percentage increase since April 9. The upward movement boosted Cardano's market cap to $24.1417B, representing 0.83% of the total cryptocurrency market cap.
Over the past 24 hours, Cardano traded within a narrow range of $0.6796 to $0.6854. The cryptocurrency has shown strong performance over the past seven days, with a 12.78% increase in value. Trading volume for Cardano reached $867.1858M in the last 24 hours, accounting for 0.70% of the total cryptocurrency volume.
Despite recent gains, Cardano remains 77.89% below its all-time high of $3.10, achieved on September 2, 2021. The broader cryptocurrency market also saw positive momentum, with Bitcoin rising 6.93% to $93,742.5 and Ethereum gaining 12.28% to $1,761.58. Bitcoin's market cap dominated at $1,862.3320B (63.71% of the total market), while Ethereum's market cap stood at $212.7859B (7.28% of the total market value).
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