Cardano Sees 10% Surge in Value
Cardano’s Positive Momentum
Cardano experienced a significant surge in value, trading at $0.6822 on the Investing.com Index, marking a 10.26% increase in a single day, the highest since January 10. This rise instilled confidence in investors, reflecting a positive trend in the market.
Market Cap Growth
The surge propelled Cardano’s market cap to $24.0118B, representing 1.03% of the total cryptocurrency market cap. This growth is significant, especially considering that Cardano’s market cap had peaked at $94.8001B previously.
Trading Range and Volume
Within the previous twenty-four hours, Cardano fluctuated between $0.6228 and $0.6822. Additionally, the cryptocurrency saw a trading volume of $1.4739B, accounting for 0.75% of the total cryptocurrency volume.
Weekly Performance
Over the last seven days, Cardano’s value surged by 14.76%, demonstrating a steady upward trajectory. The cryptocurrency traded between $0.5689 and $0.6823 during this period, showcasing its resilience in the market.
Comparison to All-Time High
Despite the recent surge, Cardano is still down by 77.99% from its all-time high of $3.10, which was achieved on September 2, 2021. This comparison provides context for the current value and potential growth opportunities.
Bitcoin and Ethereum Performance
Bitcoin recorded a 10.79% increase, reaching $63,242.4 on the Investing.com Index, while Ethereum saw a 6.51% gain, trading at $3,471.02. These positive movements indicate a broader positive trend in the cryptocurrency market.
Bitcoin’s market cap stands at $1,242.4860B, representing 53.31% of the total cryptocurrency market cap, whereas Ethereum’s market cap is $417.7820B, accounting for 17.93% of the total market value. These figures highlight the dominance of these leading cryptocurrencies in the market.
