Cardano (ADA) Seeing Gains After Notable 10+% Price Increase
- ADA’s price participated in the crypto market rally in the last 24 hours.
- The altcoin gained a 10+% boost according to CoinMarketCap.
- The killer’s price outperformed both BTC and ETH in the last 24 hours.
After a highly volatile week for the crypto market, many people glancing at CoinMarketCap today are relieved to see that many cryptocurrencies are showing signs of recovery. One of these cryptos is (ADA).
Cardano / US 1D (Source: TradingView)
The altcoin had a successful 24 hours as it experienced a price surge of more than 10% over the last day, trading at $0.3393. ADA was able to reach a peak of $0.3431 and a low of $0.3056 over the same timeframe.
ADA also gained on the two biggest cryptocurrencies in the market, (BTC) and Ethereum (ETH), by about 1.53% and 1.87% respectively during the last 24 hours. The altcoin’s success in the last 24 hours has had a positive effect on its weekly performance as it is now up by more than 1% in the last seven days. In terms of longer time frames, ADA is still in the red by more than 5% over the last 30 days.
The 24-hour trading volume for ADA is in the green zone and currently stands at $532,136,283 after a near 60% increase since yesterday. In terms of market cap, the Ethereum-killer has a market capitalization of $11,771,605,713, which makes it the seventh biggest crypto in terms of market capitalization.
This places ADA right behind (XRP) in the sixth position and in front of Polygon (MATIC) which is ranked eighth on the list of the biggest cryptos. ADA’s performance in the past 24 hours was so remarkable that the altcoin earned a spot on CoinMarketCap’s trending list.
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