Cardano Surges 12.53% in a Day, Leading Weekly Gains in Crypto Market

Cardano (ADA) saw a significant price surge on Monday, climbing 12.53% to $0.9666 on the Investing.com Index by 10:27 (15:27 GMT). This marks its biggest one-day gain since March 2, pushing its market cap to $33.67 billion, representing 1.13% of the total cryptocurrency market. Despite the rise, Cardano remains down 68.81% from its all-time high of $3.10, recorded on September 2, 2021.

Over the past 24 hours, ADA fluctuated between $0.9283 and $1.1562. The token has shown strong bullish momentum over the past week, surging 32.91%. Trading volume in the last 24 hours reached $11.91 billion, making up 5.33% of total crypto market volume. In the past seven days, ADA’s price ranged from $0.5813 to $1.1562, indicating high volatility and growing investor interest.

Meanwhile, Bitcoin (BTC) rose 3.96% to $90,900.6, with a market cap of $1.78 trillion, accounting for 60.13% of the total crypto market. Ethereum (ETH) gained 2.96%, trading at $2,296.55, with a market cap of $275.2 billion, making up 9.27% of the overall market.

Cardano’s rally reflects a broader market uptrend, with investors showing renewed confidence in altcoins. As the crypto market gains traction, traders will closely monitor ADA’s price action for potential breakout levels.