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Cardano Surges Over 10% in Largest Daily Gain Since February
Cardano (ADA) experienced a significant price surge on Friday, climbing 10.80% to trade at $0.1762 by 13:07 ET (17:07 GMT), according to data from the Investing.com Index. The move marked the cryptocurrency's largest single-day percentage gain since February 25.
Market Impact
The sharp upward move boosted Cardano's market capitalization to $6.3269 billion, representing approximately 0.29% of the total cryptocurrency market. Trading volume for Cardano in the preceding 24 hours reached $564.7388 million, or 0.85% of the total volume across all cryptocurrencies, as per the Investing.com Index.
Over the past week, Cardano has gained 17.56%. The token traded within a 24-hour range of $0.1607 to $0.1762.
Broader Crypto Market
AdCardano's performance outpaced the broader cryptocurrency market, which also saw gains on Friday. For comparison:
- Bitcoin (BTC) was up 0.93% to trade at $62,225.6.
- Ethereum (ETH) gained 2.40%, reaching $1,736.52.
Despite the recent rally, Cardano's current price remains 94.31% below its all-time high of $3.10, which was set on September 2, 2021. At its peak, Cardano's market cap reached $94.8 billion.