Cryptocurrency

Cardano’s value increases by 10% in recent surge, showing positive momentum in market.

Cardano Climbs 10% In Rally

Cardano’s Impressive Performance

Cardano has shown impressive growth, with its price reaching $0.6527 on the Investing.com Index by 21:41 (02:41 GMT) on Thursday. This marks a substantial 10.31% increase for the day, the largest one-day percentage gain since December 13.

Market Cap and Trading Range

This surge in value has propelled Cardano’s market cap to $22.9693B, accounting for 1.35% of the total cryptocurrency market cap. Although it still lags behind its highest market cap of $94.8001B, this recent performance is noteworthy. Cardano’s trading range in the previous twenty-four hours has been between $0.6320 and $0.6591.

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Week-Long Performance

Over the past seven days, Cardano has demonstrated an impressive rise in value, increasing by 9.65%. The volume of Cardano traded in the twenty-four hours was $1.0054B, representing 1.26% of the total volume of all cryptocurrencies. In the past week, Cardano has traded within the range of $0.5722 to $0.6591.

Comparison to All-Time High

Despite its recent growth, Cardano is still down by 78.94% from its all-time high of $3.10, set on September 2, 2021.

Bitcoin and Ethereum Performance

It’s not just Cardano that is on the rise. Bitcoin saw an increase of 2.91% on the day, reaching $43,450.3 on the Investing.com Index. Ethereum also experienced a gain, trading at $2,414.97 on the same index, marking an 8.73% increase.

Market Cap Comparison

Bitcoin currently holds a market cap of $850.6880B, accounting for 49.95% of the total cryptocurrency market cap. On the other hand, Ethereum’s market cap stands at $289.8233B, representing 17.02% of the total cryptocurrency market value.

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