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Cardano (ADA) Surges Over 10% in Best Daily Gain Since July
Cardano (ADA) surged more than 10% on Thursday, marking the cryptocurrency's most significant single-day percentage gain in over a month. The rally pushed ADA's market capitalization back above the $7.5 billion threshold amid broader, but more modest, gains in the digital asset market.
ADA's Performance in Detail
According to data from the Investing.com Index, Cardano was trading at $0.2083 as of 15:41 GMT, an increase of 10.11% for the day. This move represented the token's largest daily percentage increase since July 3, per the source data.
The price of ADA fluctuated within a 24-hour range of $0.1864 to $0.2086. Over the past seven days, the cryptocurrency has gained 19.4%, signaling strong short-term momentum. Trading volume for Cardano over the last 24 hours was reported at $506.02 million.
AdBroader Market Context
The rally boosted Cardano's total market value to $7.56 billion, which accounts for approximately 0.34% of the total cryptocurrency market capitalization. At its peak, Cardano's market cap reached $94.8 billion, according to historical data.
Despite the recent gains, ADA remains significantly below its historic peak. The token is still down 93.28% from its all-time high of $3.10, which was set on September 2, 2021. Cardano's performance outpaced the market leaders, with Bitcoin (BTC) rising 0.61% to $64,771.2 and Ethereum (ETH) climbing 2.31% to $1,916.04 in the same period.
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