Investing.com - Cardano was trading at $0.3709 by 21:13 (01:13 GMT) on the Investing.com Index on Tuesday, up 10.06% on the day. It was the largest one-day percentage gain since January 10.
The move upwards pushed Cardano's market cap up to $13.1987B, or 0.63% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $94.8001B.
Cardano had traded in a range of $0.3657 to $0.3709 in the previous twenty-four hours.
Over the past seven days, Cardano has seen a drop in value, as it lost 9.17%. The volume of Cardano traded in the twenty-four hours to time of writing was $490.2339M or 0.52% of the total volume of all cryptocurrencies. It has traded in a range of $0.3192 to $0.4230 in the past 7 days.
At its current price, Cardano is still down 88.03% from its all-time high of $3.10 set on September 2, 2021.
Elsewhere in cryptocurrency trading
Bitcoin was last at $57,183.8 on the Investing.com Index, up 3.80% on the day.
Ethereum was trading at $3,063.42 on the Investing.com Index, a gain of 6.11%.
Bitcoin's market cap was last at $1,115.5532B or 53.54% of the total cryptocurrency market cap, while Ethereum's market cap totaled $363.8805B or 17.46% of the total cryptocurrency market value.
Analysis:
Cardano's recent surge of 10.06% has caught the attention of investors, signaling a potential opportunity for growth. Despite a decrease in value over the past week, Cardano's market cap remains significant at $13.1987B. The cryptocurrency market as a whole continues to show positive movement, with Bitcoin and Ethereum also experiencing gains. It is essential for investors to stay informed about these market fluctuations and consider the potential for profit in their investment decisions.