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Cardano Jumps Over 10% in Best Daily Performance Since February
Cardano (ADA) experienced a significant price surge on Friday, climbing 10.80% to trade at $0.1762 by 13:07 GMT, according to data from the Investing.com Index. The move marked the cryptocurrency's largest one-day percentage gain since February 25.
Price Action and Key Metrics
The rally pushed Cardano's market capitalization up to $6.3269 billion, representing approximately 0.29% of the total cryptocurrency market value. The asset's trading volume in the preceding 24 hours reached $564.7388 million.
Key performance indicators for Cardano include:
- 24-Hour Trading Range: $0.1607 to $0.1762
- 7-Day Gain: 17.56%
- 7-Day Trading Range: $0.1416 to $0.1762
Long-Term Context
AdDespite the strong daily and weekly performance, Cardano's current price remains significantly below its peak. The digital asset is still down 94.31% from its all-time high of $3.10, which was set on September 2, 2021. The token's highest-ever market capitalization was recorded at $94.8 billion, as per the source.
Broader Crypto Market
Cardano's gains outpaced those of the two largest cryptocurrencies. On the same index, Bitcoin (BTC) was up a modest 0.93% to trade at $62,225.6, while Ethereum (ETH) saw a gain of 2.40%, reaching $1,736.52.
Bitcoin's market cap stood at $1.244 trillion, accounting for 57.89% of the total market, while Ethereum's market cap was $209.07 billion, or 9.73% of the market.