Cardano's ADA experiences a $1 billion surge in a 24-hour period, propelled by an impressive 100% spike in trading volume.
Cardano's native cryptocurrency, ADA, has undergone a noteworthy surge, contributing a substantial $1 billion to its market capitalization in just 24 hours. With the token's market cap now reaching an impressive $15.40 billion, it solidifies its position as the eighth-largest cryptocurrency globally, according to CoinMarketCap rankings.
The increase in ADA's market capitalization can be traced back to a significant uptick in its price, as the token experienced a growth of over 6% from its daily low to a peak of $0.432. This surge in price has not only garnered the interest of crypto enthusiasts but has also propelled ADA's trading volume to unprecedented levels. In a remarkable turn of events, the trading volume for Cardano's token surged by over 100% overnight, reaching an impressive $750 million.
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