ADA on a bullish momentum has surged more than 21% in 24 hours

  • ADA has surged by more than 21% today in the last 24 hours
  • Observing the period of the last seven days, it is found that Cardano is in a bullish mood, and seems soon to achieve the level of $0.3
  • Following ADA, other leading cryptocurrency in the crypto market also have a bullish momentum

On Wednesday, ADA, the native crypto token of Cardano, continued its bullish momentum. At 10:14 AM GMT ADA was trading at the price level of $0.276934. Indeed, the token price was observed soaring by more than 21% in just twenty-four hours. However, it is observed that it was the largest intraday percentage gain of ADA since March last year.

How is Cardano’s ADA performing currently?

According to the data from CoinMarketCap, over the last twenty-four hours it was observed that the native token of Cardano recorded its higher value at the level of $0.287577, whereas its lower value was $0.225494. Following which we found that the value of ADA is up by more than 21%. ADA is in a bullish mood over the last seven days, as it is observed that the token has gained more than 53% over the period. Indeed, over the past seven days, the token has traded between the price levels of $0.181 to $0.278. However, the token is still lower by more than 79% from its previous all-time high record at the level of $1.35, back in 2018. 

The bullish momentum has also affected the market cap

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Where the price of ADA has shown a significant uptrend, the market capitalization of the token has also surged. Cardano’s native token’s total market capitalization has surged by more than $8.9 billion, from more than $7.2 billion in just 24 hours. However, the surge in the market capitalization of the token is approximately more than 22%. However, it is observed that the market cap is still down by more than 168% from its highest record. On the other hand, the volume of ADA traded in 24 hours to press time was more than $4.4 billion.

However, observing all the data, it seems like the next target of the token could be towards the price level of $0.3. Perhaps if the token restarts the uptrend, it can potentially aim towards the level of $0.4.

How other leading tokens performed in the same period?

Observing other leading cryptos, it is observed that ADA is not the only token having bullish momentum. The leading crypto token was last observed trading at the level of $34,503, whereas Ethereum was trading at $1,117. Observing the period of the last 24 hours, it is observed that Bitcoin was up by approximately 8.70%, whereas Ethereum was up by approximately 7.26%.

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Ahtesham Anis
Ahtesham Anis is a Computer Science undergrad student currently based out of India. Coming from the business background and his keen interest in Cryptocurrency and Blockchain technology is what Ahtesham brings to the table. He is always an eager learner when it comes to exploring the new technologies and topics in the crypto world.

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