Cardano Surges, Reaching Highest One-Day Gain Since January

Cardano saw a strong rise, reaching $0.3634 by early Wednesday, marking a 10% gain - the largest single-day increase since January 10.

This boost lifted Cardano’s market cap to $12.64 billion, though it’s still far from its peak market cap of $94.8 billion. Cardano traded between $0.3336 and $0.3634 in the last day, with a weekly range from $0.3206 to $0.3636, reflecting modest movement overall.

In the past 24 hours, Cardano’s trading volume hit $544.9 million, representing around 0.3% of the total crypto volume. Despite recent gains, it remains 88.27% below its all-time high of $3.10 from September 2021.

In other crypto news, Bitcoin climbed to $75,327, a new all-time high, while Ethereum gained skyrocketed to $2,622.95.

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Both cryptocurrencies retraced and currently Bitcoin’s market cap is now at $1.457 trillion, with Ethereum is at $315.5 billion.

At the time of writing, Cardano is trading at $0.3582 and is still up 7.7% for the day.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.