Story
Cardano Price Jumps Over 10% in Strong Trading Day
Summary
The cryptocurrency Cardano (ADA) experienced a significant price increase on Friday, rising over 10% in its largest single-day percentage gain since late February. The surge pushed its market capitalization to over $6.3 billion.
On Friday, the price of Cardano (ADA) increased by 10.80%, reaching $0.1762 by 1:07 PM ET (17:07 GMT), according to data from the Investing.com Index. This marked the cryptocurrency's largest single-day percentage gain since February 25.
The upward movement pushed Cardano's market capitalization to $6.3269 billion, representing approximately 0.29% of the total cryptocurrency market. In the preceding 24 hours, the trading volume for Cardano was reported at $564.7388 million, accounting for 0.85% of the total volume across all cryptocurrencies.
Over the past week, Cardano has seen its value increase by 17.56%, trading within a range of $0.1416 to $0.1762. Despite the recent gains, Cardano's current price remains approximately 94.31% below its all-time high of $3.10, which was set on September 2, 2021.
AdThe broader cryptocurrency market also saw gains on Friday. Bitcoin was up 0.93% to trade at $62,225.6, while Ethereum saw an increase of 2.40% to trade at $1,736.52. Bitcoin's market cap stood at over $1.24 trillion, dominating 57.89% of the market, with Ethereum's market cap at $209.07 billion, or 9.73% of the total.