Cardano Skyrockets 10% in Largest One-Day Gain Since July

Cardano's price surged by nearly 10% on Friday, making it the largest one-day percentage gain since July 3. The cryptocurrency traded at $0.2047 on the Investing.com Index, pushing its market cap up to $7.3148B.

This increase puts Cardano's market capitalization at 0.29% of the total cryptocurrency market cap, which is a significant rise from its all-time high of 94.8001B. Despite this growth, Cardano is still down 93.39% from its peak price of $3.10 set on September 2, 2021.

In contrast to Cardano's sharp increase, Bitcoin rose by 6.29% and Ethereum gained 3.72% in the same period. The volume of Cardano traded was $707.5254M, accounting for 0.54% of the total cryptocurrency trading volume.