Cardano's 10% Rally: Riding High on Investor Confidence

Cardano surged by 10.21%, reaching $0.5321 on the Investing.com Index on Thursday, marking its largest one-day percentage gain since January 10. This increase bolstered Cardano's market capitalization to $18.5367 billion, representing 1.09% of the total cryptocurrency market cap. Over the past week, Cardano has seen a 6.44% rise in value, with a trading volume of $550.4596 million. Despite this positive movement, Cardano remains 82.83% below its all-time high of $3.10 set on September 2, 2021. Bitcoin also experienced a 3.87% increase, reaching $44,568.8, while Ethereum rose by 2.57% to $2,423.56 on the Investing.com Index.