Cardano Rises 14% on a Positive Day

Cardano Sees Significant One-Day Gain

As of 02:01 (06:01 GMT) on Tuesday, Cardano was trading at $0.3311, marking a notable increase of 14.32% within the day. This represents the largest single-day percentage gain since December 13, 2023.

This upward movement raised Cardano’s market capitalization to approximately $11.92 billion, accounting for 0.60% of the total cryptocurrency market cap. The peak market cap for Cardano reached $94.80 billion in the past.

In the previous twenty-four hours, Cardano’s trading ranged between $0.3115 and $0.3323. However, over the past week, the cryptocurrency experienced a decline of 17.55%. The trading volume for Cardano in the last twenty-four hours was around $927.77 million, representing 0.48% of the total cryptocurrency trading volume, with a weekly trading range of $0.2771 to $0.4077.

Currently, Cardano is down 89.32% from its all-time high of $3.10, which was achieved on September 2, 2021.

Cryptocurrency Market Update

In broader cryptocurrency trading, Bitcoin was last recorded at $55,871.60, reflecting a daily increase of 5.91%. Meanwhile, Ethereum was trading at $2,520.44, marking a gain of 9.26%.

Bitcoin’s market cap stood at approximately $1.10 trillion, accounting for 55.65% of the entire cryptocurrency market. Ethereum’s market cap was around $303.51 billion, representing 15.30% of the total cryptocurrency valuation.