Story
Cardano Surges Over 10%, Outpacing Bitcoin and Ethereum
Cardano (ADA) experienced a significant price surge on Friday, gaining 10.80% to trade at $0.1762 by 1:07 PM ET (17:07 GMT), according to data from the Investing.com Index. The move marked the cryptocurrency's largest one-day percentage increase since February 25.
Price Action and Key Metrics
The upward momentum pushed Cardano's market capitalization to $6.3269 billion, representing approximately 0.29% of the total cryptocurrency market value. The token's trading volume over the preceding 24 hours stood at $564.74 million, or 0.85% of the total volume across all cryptocurrencies.
Key data points for the period include:
- 24-Hour Trading Range: $0.1607 to $0.1762
- 7-Day Gain: 17.56%
- 7-Day Trading Range: $0.1416 to $0.1762
AdDespite the recent rally, Cardano remains significantly below its peak. The current price is 94.31% lower than its all-time high of $3.10, which was set on September 2, 2021.
Broader Market Context
Cardano's double-digit gain outpaced the performance of the two largest cryptocurrencies. On the same index, Bitcoin was up a more modest 0.93%, trading at $62,225.6. Ethereum saw a gain of 2.40%, reaching a price of $1,736.52.
The total market capitalization for Bitcoin was last reported at $1.244 trillion, accounting for 57.89% of the crypto market. Ethereum's market cap stood at $209.07 billion, giving it a 9.73% market share.