Feb 29 2024: Investor Confidence Drives Cardano’s 10% Surge
At 01:32 (06:32 GMT) on Thursday, Cardano climbed to $0.6822 on the Investing.com Index, marking a substantial 10.26% increase for the day. This surge represented the largest single-day percentage gain since January 10.
The upward momentum propelled Cardano’s market capitalization to $24.0118 billion, accounting for 1.03% of the total cryptocurrency market cap. At its peak, Cardano’s market cap reached $94.8001 billion.
Within the previous twenty-four hours, Cardano traded within the range of $0.6228 to $0.6822.
Over the past week, Cardano has demonstrated steady growth, boasting a 14.76% increase in value. The volume of Cardano traded within the twenty-four hours leading up to the time of writing stood at $1.4739 billion, contributing to 0.75% of the total volume of all cryptocurrencies. Throughout the past seven days, Cardano’s trading range extended from $0.5689 to $0.6823.
Despite the current surge, Cardano remains down by 77.99% from its all-time high of $3.10 recorded on September 2, 2021.
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