Story
Cardano Surges Over 10% for Biggest One-Day Gain Since February
Cardano (ADA) rallied significantly on Friday, posting its largest one-day percentage gain since February 25. The cryptocurrency was trading at $0.1762, an increase of 10.80% for the day, according to data from the Investing.com Index at 13:07 ET (17:07 GMT).
Price Action and Key Metrics
The upward move boosted Cardano's market capitalization to $6.3269 billion, representing approximately 0.29% of the total cryptocurrency market value. The surge came on the back of strong trading activity, with Cardano's 24-hour volume reaching $564.7388 million.
Over the past week, Cardano has seen a sustained rise in value, gaining 17.56%. During this period, the digital asset has traded within a range of $0.1416 to $0.1762. The daily trading range on Friday was between $0.1607 and its high of $0.1762.
AdBroader Market Context
Despite the recent positive performance, Cardano remains significantly below its historical peak. The current price 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 cap was recorded at $94.8001 billion, as per the source.
The rally occurred during a broadly positive session for the digital asset market. Bitcoin (BTC) was up 0.93% to trade at $62,225.6, while Ethereum (ETH) gained 2.40% to reach $1,736.52, according to the Investing.com Index.