Cardano Climbs 10% As Investors Gain Confidence
Cardano’s Impressive Surge
Cardano experienced a significant surge, with its value climbing by 10.21% to $0.5321 by 03:05 (08:05 GMT) on the Investing.com Index on Thursday. This marked the largest one-day percentage gain since January 10.
Market Cap and Trading Range
The surge propelled Cardano’s market cap to $18.5367B, accounting for 1.09% of the total cryptocurrency market cap, though still lower than its peak of $94.8001B. It traded in the range of $0.5022 to $0.5347 in the previous twenty-four hours.
Weekly Performance and Trading Volume
Over the past seven days, Cardano’s value increased by 6.44%, with a trading volume of $550.4596M, representing 1.00% of the total volume of all cryptocurrencies. Its trading range during this period was $0.4741 to $0.5347.
Comparison to All-Time High
Despite the recent surge, Cardano is still down by 82.83% from its all-time high of $3.10 set on September 2, 2021.
Elsewhere in Cryptocurrency Trading
Bitcoin experienced a 3.87% increase, reaching $44,568.8 on the Investing.com Index, while Ethereum climbed by 2.57% to $2,423.56.
Bitcoin’s market cap stood at $873.1183B, accounting for 51.29% of the total cryptocurrency market cap, whereas Ethereum’s market cap totaled $290.9043B, representing 17.09% of the total cryptocurrency market value.
