Cardano Surges Over 10% in Daily Trading

Cardano's Impressive Gain

Cardano experienced a significant surge, trading at $1.0271, marking a 10.12% increase in a single day. This represents the cryptocurrency's largest one-day percentage gain since November 2024, boosting its market cap to $35.7940 billion, which accounts for about 1.05% of the total cryptocurrency market cap.

Recent Trading Range and Volume

Cardano's trading range over the past 24 hours fluctuated between $0.9578 and $1.0295. In the past week, the cryptocurrency's value saw a notable increase of 17.35%, trading between $0.8307 and $1.0295. The 24-hour trading volume reached $1.2916 billion, representing 1.10% of the total cryptocurrency trading volume.

Comparison to All-Time High

Despite the recent gains, Cardano remains significantly below its all-time high of $3.10, recorded on September 2, 2021. The current price reflects a decrease of 66.86% from that peak value.

Broader Cryptocurrency Market Insights

In broader cryptocurrency trading, Bitcoin traded at $96,794.8, marking a 1.30% daily increase. Ethereum saw a rise of 1.38%, trading at $3,458.57. Bitcoin's market cap was valued at $1,914.5936 billion, comprising 56.23% of the total cryptocurrency market cap. In contrast, Ethereum's market cap was $416.0530 billion, making up 12.22% of the total market value.

This substantial movement in Cardano's price highlights its potential volatility and the dynamic nature of the cryptocurrency market. Such trends offer investors both opportunities and risks, emphasizing the importance of staying informed in the ever-evolving digital currency landscape.