Cardano Surges 12% in Single Day, Market Cap Tops $32 Billion

Cardano, a prominent cryptocurrency, has experienced a significant surge in investor confidence, leading to a 12% increase in its value. This substantial gain is the largest single-day percentage increase since March 2. The move has pushed Cardano's market capitalization up to $32.7582 billion, representing 1.15% of the total cryptocurrency market capitalization.

Over the past seven days, Cardano has witnessed a notable rise in value, with a 41.01% increase. The trading volume in the 24 hours leading up to the time of writing was $5.7097 billion, accounting for 3.18% of the total volume of all cryptocurrencies. The price of Cardano has fluctuated between $0.5813 and $1.1562 during this period.

Despite the recent gains, Cardano is still down 69.66% from its all-time high of $3.10, which was reached on September 2, 2021. This decline highlights the volatility and challenges faced by the cryptocurrency market.

In other cryptocurrency news, Bitcoin and Ethereum have also experienced gains. Bitcoin's price has increased by 1.37% to $86,810.7, while Ethereum has risen by 1.71% to $2,148.85. Bitcoin's market capitalization stands at $1,720.5578 billion, representing 60.25% of the total cryptocurrency market capitalization. Ethereum's market capitalization totals $258.6607 billion, accounting for 9.06% of the total cryptocurrency market value.