Saad Ullah
Cardano (ADA) has staged a strong comeback, breaking through key resistance and drawing renewed interest from traders. The latest price action highlights a surge in both market value and trading activity, signaling a potential trend reversal for the altcoin.
ADA Price Jumps to $0.6516 with Market Cap Near $23B
Cardano (ADA) is currently trading at $0.6516, up 6.41% in the last 24 hours. The cryptocurrency’s market capitalization has climbed to $23.05 billion, reflecting a 6.65% increase over the same period. The price breakout marks a recovery from recent lows and puts ADA among the top-performing large-cap coins of the day.
With this latest move, Cardano now holds the #10 position by market cap, strengthening its standing in the competitive layer-1 blockchain space.
Trading Volume Soars as Liquidity Returns to ADA
Daily trading activity around ADA has surged, with 24-hour volume hitting $1.1 billion, a significant 36.97% increase. This boost in liquidity raises ADA’s volume-to-market cap ratio to 4.75%, signaling a healthy level of market engagement.
Cardano’s supply metrics remain stable, with a circulating supply of 35.38 billion ADA, a maximum supply of 45 billion ADA, and total supply at 44.99 billion ADA. Its fully diluted valuation (FDV) currently stands at $29.38 billion, suggesting further room for growth if current momentum holds.
Saad Ullah
