Cardano Surges with Significant One-Day Gain

Cardano's Significant Market Surge

Cardano experienced a remarkable surge, trading at $0.3831, marking a 10.19% increase in a single day. This significant gain was the largest since November 2022, elevating Cardano's market cap to $13.1841 billion. This figure represents 1.29% of the overall cryptocurrency market cap. Despite this surge, Cardano's current market cap remains considerably lower than its peak of $94.8001 billion.

Recent Trading Range and Volume

In the past 24 hours, Cardano traded between $0.3545 and $0.3832. Over the last week, its price remained relatively stable, with a modest movement of 1.63%. The trading volume in the past day reached $400.491 million, accounting for 0.70% of the total cryptocurrency trading volume. Over the past week, Cardano's trading range was between $0.3459 and $0.4028.

Comparison to All-Time High

Currently, Cardano's price is still significantly below its all-time high of $3.10, achieved on September 2, 2021. The current price reflects a decrease of 87.64% from that peak.

Broader Cryptocurrency Market Trends

In the broader cryptocurrency market, Bitcoin was priced at $22,015.3, showing a 2.66% increase. Ethereum was trading at $1,542.45, up by 4.53%. Bitcoin's market cap reached $425.3538 billion, representing 41.60% of the total cryptocurrency market cap. Meanwhile, Ethereum's market cap stood at $188.8611 billion, comprising 18.47% of the market.

This recent activity highlights the dynamic nature of the cryptocurrency market, with Cardano showing significant gains amidst broader market movements.