Feb 9, 2024: On Thursday, Cardano experienced a significant surge of 10.21%, reaching $0.5321 by 03:05 (08:05 GMT) on the Index. This surge marked the largest one-day percentage gain since January 10.
As a result of this upward momentum, Cardano’s market capitalization rose to $18.5367 billion, accounting for 1.09% of the total cryptocurrency market cap. However, this remains substantially lower than its peak market cap of $94.8001 billion.
Within the past twenty-four hours, Cardano’s price ranged between $0.5022 and $0.5347.
Over the course of the previous week, Cardano demonstrated a positive trend, experiencing a 6.44% increase in value. The trading volume of Cardano within the twenty-four hours leading up to the time of writing was $550.4596 million, constituting 1.00% of the total volume of all cryptocurrencies. Throughout the past seven days, Cardano’s price fluctuated between $0.4741 and $0.5347.
Despite this recent surge, Cardano remains down by 82.83% from its all-time high of $3.10 recorded on September 2, 2021.
In other cryptocurrency news, Bitcoin recorded a 3.87% increase for the day, trading at $44,568.8 on the Investing.com Index. Ethereum also saw gains, reaching $2,423.56 on the Investing.com Index, marking a 2.57% increase.
Bitcoin’s market capitalization stood at $873.1183 billion, comprising 51.29% of the total cryptocurrency market cap, while Ethereum’s market cap amounted to $290.9043 billion, representing 17.09% of the total cryptocurrency market value.
