Cardano’s price surged by 10.04% to $0.9345 on Wednesday, the largest one-day gain since January 1. This move pushed its market cap up to $32.2637B, accounting for 0.98% of the total cryptocurrency market cap.
The asset had previously traded in a range of $0.8383 to $0.9349 over the past 24 hours. However, over the past seven days, Cardano’s value stagnated, with only a 0.72% movement. The volume of Cardano traded in the last 24 hours was $682.7154M, accounting for 0.84% of the total cryptocurrency volume.
Despite its recent surge, Cardano is still down 69.84% from its all-time high of $3.10 set on September 2, 2021. The current price places it below its previous daily range.
In contrast, Bitcoin and Ethereum had smaller price movements on Wednesday, with Bitcoin up 0.23% to $94,348.1 and Ethereum down 0.02%. Their market caps were $1,863.9586B and $402.3928B, respectively, accounting for 56.40% and 12.18% of the total cryptocurrency market cap.
Source: https://www.investing.com/news/cryptocurrency-news/cardano-climbs-10-in-bullish-trade-3793411