Cardano Surges by Over 10% in Monday's Bullish Trade

Cardano's price surged by over 10% on Monday, marking its largest one-day percentage gain since September 18. The cryptocurrency traded at $0.2445 by 13:24 (12:24 GMT), pushing its market capitalization to $8.9303B, or 0.31% of the total cryptocurrency market cap.

This move upwards is part of a larger trend for Cardano, which has seen a 15.7% rise in value over the past seven days. The volume of Cardano traded in the twenty-four hours leading up to this surge was $741.4057M, or 0.68% of the total volume of all cryptocurrencies.

Despite this increase, Cardano's current price remains a far cry from its all-time high of $3.10 set on September 2, 2021, representing a decline of 92.11%.