Cardano Surges 12.42%, Hits $0.94 as Crypto Market Gains Momentum

Cardano (ADA) soared 12.42% on Tuesday, reaching $0.9403 by 14:00 (19:00 GMT) on the Investing.com Index. This marks its biggest one-day percentage jump since March 2. The surge pushed Cardano’s market capitalization to $32.76 billion, making up 1.15% of the total crypto market. However, it remains significantly below its all-time high of $3.10 from September 2, 2021.

In the past 24 hours, ADA fluctuated between $0.7585 and $0.9524, with a trading volume of $5.71 billion, accounting for 3.18% of all cryptocurrency transactions. Over the past week, Cardano has gained an impressive 41.01%, trading between $0.5813 and $1.1562.

Meanwhile, Bitcoin (BTC) edged up 1.37% to $86,810.7, with a dominant market cap of $1.72 trillion, representing 60.25% of the total cryptocurrency market. Ethereum (ETH) followed suit, rising 1.71% to $2,148.85, holding a market value of $258.66 billion or 9.06% of the total crypto market.

Despite its recent rally, Cardano is still down 69.66% from its peak. However, growing investor interest and increased trading activity suggest renewed momentum in the broader cryptocurrency market.

With Bitcoin and Ethereum also seeing gains, the crypto market appears to be gaining strength, potentially signaling a bullish trend. Traders and investors are closely watching market movements as digital assets continue their upward trajectory.