Cardano Price Surges Over 10% in Largest Single-Day Gain Since August

Cardano (ADA) saw its price surge by over 10% on Thursday, reaching $0.2153 at one point during the day. This marked the largest single-day percentage gain for the cryptocurrency since August 21.

The move upwards also boosted Cardano's market capitalization to $7.8471 billion, accounting for around 0.29% of the total cryptocurrency market cap. At its peak, Cardano's market capitalization reached a whopping $94.8001 billion.

However, it's worth noting that despite this recent increase, Cardano is still down significantly from its all-time high of $3.10 set on September 2, 2021. This represents a decline of around 93.05% from its peak value.