Cardano Soars to $0.499, Marks Largest Gain Since Jan 2024

Cardano (ADA) surged quite strongly on Saturday, hitting $0.4837. That would amount to the highest percentage gain for the digital asset on any single day since Wednesday, Jan. 10, 2024. With that move, Cardano’s market cap reached $17.220 billion, though it remains far below its record of $94.8 billion.

On a day’s performance in the last 24 hours, Cardano is trading higher by 15.78%. Additionally, the 7-day data also shows that it is losing value by 4.58%. The 24-hour trading volume for Cardano is at $535.683 million, 2.16% of the total cryptocurrency trading volume.

Cardano’s weekly price fluctuated, ranging from $0.4240 to $0.4949. It has been down 84.56% since setting an all-time high of $3.10 on Thursday, September 2, 202.

In other cryptocurrency news, just hours after the much-hyped Bitcoin halving, Bitcoin traded at $63,661. The second-largest digital asset by market capitalization, Ethereum, has traded at $3,038 in the 24 hours.

Cardano recently jumped to $0.4837, its largest single-day rise since January 2024, highlighting its volatility and drawing investor interest. Despite this jump, ADA is still 84.56% below its September 2021 peak, highlighting the cryptocurrency market’s potential for both high risks and rewards.

Also Read: Cardano Leads Altcoin Surge Amidst Bitcoin’s Steady Performance.

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