Cardano rises 16% as investors gain confidence
Investing.com – Cardano was trading at $0.7226 at 14:07 (19:07 GMT) on the Investing.com Index on Wednesday, up 15.60% on the day. It was the largest one-day percentage gain since December 8, 2023.
The upward move pushed Cardano's market capitalization up to $25.6878 billion, or 1.02% 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 $0.6652 to $0.7559 in the previous twenty-four hours.
In the last seven days, Cardano has seen an increase in value as it gained 17.23%. The volume of Cardano traded in the twenty-four hours up to the time of writing was $1.8752 billion or 0.82% of the total volume of all cryptocurrencies. It has traded in a range of $0.5861 to $0.7980 in the last 7 days.
At its current price, Cardano is still 76.68% below its all-time high of $3.10 set on September 2, 2021.
Elsewhere in cryptocurrency trading
Bitcoin was last trading at $67,062.6 on the Investing.com index, up 4.71% on the day.
Ethereum was trading at $3,853.28 on the Investing.com index, a gain of 6.65%.
Bitcoin's market capitalization last stood at $1,317.5190 billion or 52.43% of the total cryptocurrency market capitalization, while Ethereum's market capitalization rose to $463.7504 billion. dollars or 18.45% of the total value of the cryptocurrency market.
