Story
Cardano Surges Over 12% in Biggest One-Day Gain Since February
Cardano (ADA) experienced a significant rally on Saturday, surging 12.11% to trade at $0.1971 by 1:07 PM 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.
Rally Metrics
The price surge pushed Cardano's market capitalization up to $7.0692 billion, representing approximately 0.32% of the total cryptocurrency market. The rally was supported by substantial trading activity, with volume over the preceding 24 hours reaching $852.54 million, or 1.55% of the total volume for all cryptocurrencies.
Over the past week, Cardano has demonstrated strong upward momentum, gaining 30.81%. During this period, its price has fluctuated within a range of $0.1416 to $0.1984.
AdMarket Context and Perspective
Despite the recent gains, Cardano's current price is still down 93.64% from its all-time high of $3.10, which was set on September 2, 2021. The token's peak market capitalization was previously recorded at $94.8 billion.
Cardano's performance on Saturday outpaced that of the two largest cryptocurrencies. On the same index, Bitcoin (BTC) was up 1.17% to trade at $62,908.8, while Ethereum (ETH) gained 2.55% to reach $1,782.25.