Cardano rises 11% as investors gain confidence
Investing.com – Cardano was trading at $0.7927 at 02:05 (0705 GMT) on the Investing.com Index on Monday, up 11.28% on the day. It was the largest one-day percentage gain since December 13, 2023.
The upward move pushed Cardano's market capitalization up to $27.9940 billion, or 1.17% of the total cryptocurrency market capitalization. At its highest point, Cardano's market capitalization was $94.8001 million.
Cardano had traded in a range of $0.7236 to $0.7928 in the previous twenty-four hours.
In the last seven days, Cardano has seen an increase in value as it gained 33.68%. The volume of Cardano traded in the twenty-four hours up to the time of writing was $1.2410 billion or 1.11% of the total volume of all cryptocurrencies. It has traded in a range of $0.5983 to $0.7928 in the last 7 days.
At its current price, Cardano is still 74.42% below its all-time high of $3.10 set on September 2, 2021.
Elsewhere in cryptocurrency trading
Bitcoin was last trading at $63,627.9 on the Investing.com Index, up 2.84% on the day.
Ethereum was trading at $3,470.23 on the Investing.com index, a gain of 1.68%.
Bitcoin's market capitalization last stood at $1,251.0564 million or 52.27% of the total cryptocurrency market capitalization, while Ethereum's market capitalization amounted to $417.2733 million or 17.43% of the total cryptocurrency market value.
