Cardano Surges, Reaching Highest One-Day Gain Since January

Cardano saw a strong rise, reaching $0.3634 by early Wednesday, marking a 10% gain - the largest single-day increase since January 10.

This boost lifted Cardano’s market cap to $12.64 billion, though it’s still far from its peak market cap of $94.8 billion. Cardano traded between $0.3336 and $0.3634 in the last day, with a weekly range from $0.3206 to $0.3636, reflecting modest movement overall.

In the past 24 hours, Cardano’s trading volume hit $544.9 million, representing around 0.3% of the total crypto volume. Despite recent gains, it remains 88.27% below its all-time high of $3.10 from September 2021.

In other crypto news, Bitcoin climbed to $75,327, a new all-time high, while Ethereum gained skyrocketed to $2,622.95.

Both cryptocurrencies retraced and currently Bitcoin’s market cap is now at $1.457 trillion, with Ethereum is at $315.5 billion.

At the time of writing, Cardano is trading at $0.3582 and is still up 7.7% for the day.