Cardano Surges 11% in Bullish Trade
Exciting Movement in Cardano’s Value
Cardano was on a bullish streak, trading at $0.7824 by 18:38 (22:38 GMT) on the Investing.com Index on Monday, marking an impressive 11.05% increase in value. This surge represented the largest one-day percentage gain since December 13, 2023.
Market Cap Growth
This positive momentum propelled Cardano’s market cap to $27.8703B, equivalent to 1.02% of the total cryptocurrency market cap. At its peak, Cardano’s market cap reached $94.8001B.
Trading Performance
Cardano showcased a trading range of $0.6880 to $0.7876 in the previous twenty-four hours, highlighting its dynamic performance in the market.
Weekly Progress
Over the past week, Cardano witnessed a steady 2.15% increase in value, with a trading volume of $1.3225B within the twenty-four hours. This volume represented 0.77% of the total volume of all cryptocurrencies, with Cardano fluctuating between $0.5861 and $0.7876 during the week.
All-Time High Comparison
Despite its current price, Cardano remains 74.75% below its all-time high of $3.10 noted on September 2, 2021, showcasing the potential for further growth.
Overview of Cryptocurrency Market
Bitcoin experienced a 6.03% increase, reaching $72,592.3 on the Investing.com Index, while Ethereum saw a rise to $4,061.77, reflecting a 6.32% gain. Bitcoin’s market cap stood at $1,428.8674B, constituting 52.30% of the total cryptocurrency market cap, with Ethereum’s market cap at $487.8678B, representing 17.86% of the total market value.
