Cardano Surges 10% in Largest Daily Gain Since April
Cardano Sees Significant Price Surge
Cardano (ADA) experienced a notable price surge, trading at $0.7327 on Thursday, marking a 10.14% increase—its largest one-day gain since April 9. This upward movement pushed its market cap to $25.63 billion, representing 0.82% of the total cryptocurrency market cap. Cardano traded between $0.6700 and $0.7327 over the past 24 hours.
Weekly Performance and Market Context
Over the past seven days, Cardano has gained 2.44%, with its price fluctuating between $0.6431 and $0.7331. Despite this recent growth, Cardano remains 76.36% below its all-time high of $3.10, reached on September 2, 2021.
The 24-hour trading volume for Cardano was $937.42 million, accounting for 0.77% of the total cryptocurrency volume. This surge reflects broader market optimism, as other major cryptocurrencies also saw gains.
Broader Market Trends
Bitcoin rose to $100,531.0, up 3.71%, while Ethereum gained 11.21% to trade at $2,021.04. Bitcoin’s market cap dominated at $1,982.08 billion (63.76% of the total market), followed by Ethereum at $241.92 billion (7.78% of the total market). These movements highlight a positive trend across the cryptocurrency market.
What is Coinefficiency?
Coinefficiency is your go-to platform for optimizing cryptocurrency trading, investments and strategies. We provide a comprehensive suite of tools to analyze market trends, monitor price movements, and execute effective trading strategies. Whether you're a seasoned trader or new to crypto, Coinefficiency helps you maximize your profits with data-driven insights.
Why Use Coinefficiency?
- Advanced market analytics to identify trading opportunities.
- Compare markets relative performance.
- Understand market cycles over time. See market levels.
- Compare buy-and-hold, portfolio rebalancing, Dollar-Cost-Averaging trading strategies.
With Coinefficiency, you can stay ahead of the market and execute efficient trading strategies effortlessly.
Get Started with Coinefficiency
Ready to optimize your crypto investments? Take control of your portfolio with cutting-edge tools designed for both beginners and experts.