Cardano (ADA) experienced a significant surge, reaching $0.6143 by 12:22 (17:22 GMT) on the Index. This marked a substantial one-day percentage gain of 10.34%, the most significant increase since December 8.
The upward movement propelled Cardano’s market capitalization to $21.6550B, constituting 1.38% of the total cryptocurrency market cap. At its peak, Cardano’s market cap had reached $94.8001B.
Over the preceding seven days, Cardano demonstrated notable growth, with a 37.7% increase in value. In the twenty-four hours leading up to the reported time, the trading volume for Cardano was $1.3992B, representing 2.16% of the total volume across all cryptocurrencies. Cardano’s price fluctuated between $0.5431 and $0.6329 during this twenty-four-hour period.
Despite the recent surge, Cardano remains down by 80.18% from its all-time high of $3.10 recorded on September 2, 2021.
In other cryptocurrency developments:
Bitcoin (BTC) was valued at $42,088.4 on the Index, marking a 3.40% increase for the day.
Ethereum (ETH) traded at $2,212.51 on the Index, reflecting a gain of 0.97%.
Bitcoin’s market capitalization stood at $820.2462B, representing 52.21% of the total cryptocurrency market cap, while Ethereum’s market cap was $265.3023B, constituting 16.89% of the total cryptocurrency market value.