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Cardano surges 16% as investors gain confidence
Investing.com – Cardano was trading at $0.7226 as of 2:07 p.m. (19:07 GMT) on the Investing.com Index on Wednesday, up 15.60% on the day. It was the largest daily percentage gain since December 8, 2023.
The bullish move pushed Cardano’s market cap to $25.6878 billion, or 1.02% of the total cryptocurrency market cap. Cardano’s market capitalization was at its highest at $94.8001 billion.
Cardano has traded in a range of $0.6652 to $0.7559 in the last 24 hours.
In the last seven days, Cardano recorded a 17.23% increase in value. Cardano’s traded volume in the 24 hours to press time was $1.8752 billion, or 0.82% of the total volume of all cryptocurrencies. Over the last 7 days, the price has traded in a range of $0.5861 to $0.7980.
At the 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 at $67,062.6 on the Investing.com index, up 4.71% on the day.
Ethereum traded at $3,853.28 on the Investing.com index, up 6.65%.
Bitcoin’s market cap most recently stood at $1,317.5190 billion or 52.43% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $463.7504 billion or 18.45% of the total cryptocurrency market cap.
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