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Investing.com Reports a 10% Surge in Cardano During Market Rally

Cardano Climbs 11.28% In Bullish Trade

Investing.com – Cardano experienced a marked increase in value, trading at $1.1713 by 20:22 (01:22 GMT) on Monday on the Investing.com Index. This represents a substantial 10.34% rise for the day, the most significant single-day percentage gain since November 22.

This bullish trend propelled Cardano’s market valuation to $40.6265B, accounting for 1.17% of the aggregate cryptocurrency market cap. Cardano’s market cap once reached a peak of $94.8001B.

In the 24 hours prior, Cardano saw its value fluctuate between $1.1312 and $1.1713.

Looking at the week’s performance, Cardano demonstrated bullish behavior with a 16.89% increase in value. The trading volume for Cardano in the 24 hours leading up to the time of writing was $2.5483B or 1.53% of the entire cryptocurrency market’s volume. Its weekly trading range was between $0.8772 and $1.1713.

Despite the recent gains, at its current price, Cardano’s value is still 62.20% lower than its all-time high of $3.10, reached on September 2, 2021.

Elsewhere in cryptocurrency trading

As the Investing.com Index indicates, Bitcoin was trading at $97,815.6, witnessing a 1.26% increase on the day.

Similarly, Ethereum was trading higher at $3,721.27 on the Investing.com Index, marking a 0.44% uptick.

Bitcoin’s market cap held the lion’s share at $1,932.3742B or 55.41% of the total cryptocurrency market cap, whereas Ethereum’s market cap reached $446.7309B or contributed 12.81% to the total market cap.

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