Cardano Surges 13% in Single Day, Largest Gain Since March

Cardano, a prominent cryptocurrency, has experienced a significant surge in investor confidence, leading to a 13% increase in its value. This substantial gain is the largest single-day percentage increase since March 2.

The market capitalization of Cardano has risen to $33.6681 billion, representing 1.13% of the total cryptocurrency market capitalization. Although this figure is a considerable improvement, it is still far from its peak of $94.8001 billion.

Over the past seven days, Cardano has demonstrated a remarkable 32.91% increase in value. The trading volume in the 24 hours leading up to this report was $11.9095 billion, accounting for 5.33% of the total cryptocurrency trading volume. The price range for Cardano during this period was between $0.5813 and $1.1562.

Despite the recent gains, Cardano is still down 68.81% from its all-time high of $3.10, which was achieved on September 2, 2021.

In other cryptocurrency news, Bitcoin and Ethereum have also experienced gains. Bitcoin is up 3.96% to $90,900.6, while Ethereum has risen 2.96% to $2,296.55. Bitcoin's market capitalization stands at $1,784.6881 billion, representing 60.13% of the total cryptocurrency market capitalization. Ethereum's market capitalization totals $275.2026 billion, accounting for 9.27% of the total cryptocurrency market value.