Cardano cryptocurrency is up 10%
Cardano cryptocurrency was trading at $2.2437 at 10:45 a.m. (07:45 GMT) on the exchange on Tuesday, a change of 10.04% during the day. It was the sharpest daily rise in the cryptocurrency since September 22.
Such growth pushed Cardano’s market capitalization to $74.7226B, 2.54% of the market capitalization of all cryptocurrencies. Earlier at its peak, Cardano’s capitalization was $94.8001B.
Cardano cryptocurrency has traded in a range of $2.1058 to $2.2464 in the last 24 hours.
Cardano has had a volume increase of $9.8 billion within last seven days. Cardano’s 24-hour volume was $4.0558 billion dollars, or 3.19 percent of total cryptocurrency volume. Over the last seven days, it has fluctuated between $1.9437 and $2.2465.
Cardano’s price is currently trading at less than 27.60 percent of its September 2 high of $3.10.
Cardano has mostly sat out the recent crypto bullishness with a hangover from an earlier price increase that coincided with a September tech upgrade that incorporated smart contracts – even though most of the platform’s decentralised apps have yet to completely launch and expand.
It’s uncertain whether ADA’s upward trend will continue, but a comparison to the ‘top cryptos’ board reveals it still has a long way to go after missing out on Bitcoin and Ethereum’s ‘Uptober’ spike.
Bitcoin has increased by 57 percent from the beginning of October, rising from around US$43,400, while Ethereum has increased by 48 percent from around US$3,234 in the last five weeks, whilst Cardano has remained stagnant. The Cardano is only risen 3% since the beginning of August, despite this morning’s 13 percent rally.
Cardano reached an all-time high of roughly US$3.07 in early September (after starting 2021 at only 17.8 cents).
Other cryptocurrencies, however, are gaining in cost too
On the Investing.com Index market, Bitcoin was trading at $67,863.4, up 2.88 percent on the day.
On the Investing.com Index, Ethereum was trading at $4,800.10, up 1.32 percent on the day.
Bitcoin had a market capitalization of $1,281.8561 billion dollars, or 43.66 percent of the total cryptocurrency market capitalization, while Ethereum had a market capitalization of $568.3413 billion dollars, or 19.36 percent of the total cryptocurrency market capitalization.
