In a significant uptick, Cardano (ADA) experienced a notable surge, trading at $0.6527 by 21:41 (02:41 GMT) on the Investing.com Index on Thursday. This surge marked a remarkable 10.31% one-day percentage gain, representing the most substantial increase since December 13.
The upward movement propelled Cardano’s market capitalization to $22.9693 billion, accounting for 1.35% of the total cryptocurrency market cap. It’s worth noting that Cardano’s market cap reached its zenith at $94.8001 billion.
Cardano exhibited a trading range of $0.6320 to $0.6591 in the preceding twenty-four hours. Over the past week, Cardano has demonstrated a positive trend, securing a 9.65% gain in value. The trading volume for Cardano in the twenty-four hours leading up to the mentioned time was $1.0054 billion, equivalent to 1.26% of the total volume of all cryptocurrencies. Throughout the past seven days, Cardano traded within the range of $0.5722 to $0.6591.
Despite the recent surge, Cardano remains down by 78.94% from its all-time high of $3.10, recorded on September 2, 2021.
The cryptocurrency landscape is witnessing dynamic shifts, and Cardano’s recent rally underscores the market’s responsiveness to various factors, including investor sentiment, technological developments, and broader market trends.