Home Cryptocurrency Cardano’s value surges by 10% in positive trading activity, showcasing bullish movement in the market.

Cardano’s value surges by 10% in positive trading activity, showcasing bullish movement in the market.

0
Cardano’s value surges by 10% in positive trading activity, showcasing bullish movement in the market.

Cardano Surges 10% in Bullish Trade

Cardano’s Impressive Performance

Cardano experienced a significant uptrend, reaching $0.7196 by 18:56 (23:56 GMT) on the Investing.com Index on Friday, marking a 10.03% increase for the day. This surge represented the largest single-day percentage gain since March 1.

Market Cap and Trading Range

This positive momentum propelled Cardano’s market capitalization to $25.0707B, accounting for 1.08% of the total cryptocurrency market cap. At its peak, Cardano’s market cap stood at $94.8001B. The cryptocurrency traded between $0.6531 and $0.7196 in the preceding twenty-four hours.

Recent Performance and Volume

Over the past week, Cardano has demonstrated a notable increase in value, surging by 20.98%. The trading volume for Cardano in the twenty-four hours leading up to the current moment was $896.3205M, representing 0.84% of the total cryptocurrency volume. Cardano’s price fluctuated between $0.5700 and $0.7196 in the last 7 days.

Comparison to All-Time High

Despite its current price, Cardano remains 76.78% below its record high of $3.10 established on September 2, 2021.

Other Cryptocurrency Movements

Bitcoin concluded at $62,457.5 on the Investing.com Index, marking a 2.11% increase for the day. Ethereum, on the other hand, was priced at $3,432.98 on the same index, reflecting a 2.81% gain.

Bitcoin’s market capitalization stood at $1,225.9738B, equivalent to 52.63% of the total cryptocurrency market cap. Ethereum’s market cap reached $412.5235B, representing 17.71% of the total cryptocurrency market value.