Cardano Rises 10% on a Positive Trading Day

Cardano was trading at $0.3532 as of 04:25 (08:25 GMT) on Saturday, experiencing a 10.10% increase for the day, marking its largest one-day percentage gain since January 10.

This upward movement elevated Cardano’s market capitalization to approximately $12.63 billion, representing 0.61% of the total cryptocurrency market cap. At its peak, Cardano’s market cap reached around $94.80 billion.

In the previous 24 hours, Cardano’s trading range was between $0.3466 and $0.3582. However, over the past week, Cardano has faced a decline in value, dropping by 10.31%. The trading volume within the last 24 hours was around $433.52 million, accounting for 0.50% of the total trading volume across all cryptocurrencies. For the past week, Cardano traded within a range of $0.3192 to $0.4230.

Despite the recent gains, Cardano is still down 88.60% from its all-time high of $3.10, which was reached on September 2, 2021.

In the broader cryptocurrency market, Bitcoin was reported at $56,642.20, up by 4.16% for the day. Meanwhile, Ethereum was trading at $3,010.69, reflecting a gain of 4.50%. Bitcoin’s market cap stood at approximately $1.11 trillion, comprising 53.69% of the total cryptocurrency market, while Ethereum’s market cap was about $360.77 billion, accounting for 17.37% of the overall market value.