Story
Cardano Jumps Over 10% in Largest Daily Gain Since February
Cardano (ADA) surged 10.80% on Friday, marking its most significant single-day percentage gain since February 25. The cryptocurrency was trading at $0.1762 by 13:07 GMT, according to data from the Investing.com Index.
Key Trading Metrics
The upward move pushed Cardano's market capitalization to $6.3269 billion, representing approximately 0.29% of the total cryptocurrency market. The price action occurred amid substantial trading activity.
Data from Investing.com showed:
- 24-Hour Trading Range: $0.1607 to $0.1762
- 24-Hour Volume: $564.7388 million, or 0.85% of the total crypto market volume.
- 7-Day Gain: 17.56%
Broader Market Context
AdCardano's rally outperformed the broader cryptocurrency market, which also saw modest gains. Bitcoin (BTC), the market leader, was up 0.93% to trade at $62,225.6, holding a market capitalization of over $1.24 trillion.
Meanwhile, Ethereum (ETH) posted a gain of 2.40%, trading at $1,736.52. Its market cap stood at approximately $209.07 billion, according to the index data.
Long-Term Perspective
Despite the strong daily and weekly performance, Cardano remains significantly below its historical peak. At its current price, the asset is still down 94.31% from its all-time high of $3.10, which was set on September 2, 2021.