Cardano

April

Billion

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<a href="https://u.today/charles-hoskinson-brutally-calls-out-cryptocurrency-reddit-for-cardano-hate" rel="noopener noreferrer nofollow">Cardano (ADA)</a> enthusiasts have reason to celebrate as the cryptocurrency experiences an impressive surge, adding a staggering $2 billion to its market value within a 24-hour trading session. This significant increase has captured the attention of the cryptocurrency market, with ADA witnessing a surge of over 7%, propelling its market cap to an impressive $27.68 billion.
Accompanying this surge in price is a notable uptick in trading volume, which surged by an impressive 42% during the same period, according to&nbsp;<a href="https://www.coinglass.com/en/currencies/ADA" rel="noopener noreferrer nofollow">CoinGlass</a>. This surge in trading activity has solidified Cardano's position as one of the market leaders among the largest cryptocurrencies, trailing only behind&nbsp;<a href="https://u.today/large-dogecoin-whale-activity-noticed-with-16-billion-doge-wired-to-coinbase-and-binance" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> in terms of returns over the past day. The surge has pushed the combined turnover for spot and derivatives markets to nearly $3 billion.
Constituting 9% of the asset's total market capitalization, this surge in trading activity aligns with a normative level of market engagement, indicating robust investor interest.
<h2 dir="ltr" id="cardano-ada-price-outlook">Cardano (ADA) price outlook</h2> <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="4850ff09-a333-46ee-878c-16150cbee6d3" src="https://u.today/sites/default/files/inline-images/cardanoprice.png">ADA to USD by <a href="https://coinmarketcap.com/currencies/cardano/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
At its current value of $0.78 per ADA,&nbsp;<a href="https://u.today/cardano-ada-network-explodes-as-growth-indicators-multiply" rel="noopener noreferrer nofollow">Cardano</a> is marking its highest value since April 2022. With such substantial gains, investors and enthusiasts alike are speculating on whether this upward momentum will persist in the days ahead.
ADA's recent surge underscores the growing interest in the project, fueled by its continued development and innovative features. With a focus on scalability, interoperability and decentralization, Cardano has positioned itself as a formidable contender in the cryptocurrency landscape, drawing attention from investors seeking promising projects with long-term potential.

Cardano (ADA) Adds $2 Billion in 24 Hours Amid 42% Volume Surge

Table of Contents

U_Today

Other articles published on Mar 4, 2024

Ethereum Hits $3,500 Peak Pre-Dencun Upgrade, Reigniting DeFi Markets

Cardano Price Prediction: Can Bullish Momentum Push ADA to $1?

BYDFi Lists 2 New zk Tech Protocols

Record-Breaking Bitcoin NFT Sales: This Is the Top Performer

Bitcoin at $63K, Investors Eye the All-Time High at $69K

Ethereum’s Vitalik Buterin Hails Reddit IPO, But Says “This Make Me Sad”

Join our free newsletter for daily crypto updates!