Cardano (ADA) has posted a solid rebound, rising 5.54% over the past 24 hours to trade at $0.6710. This upward move marks renewed strength for the asset, which continues to maintain its position among the top ten cryptocurrencies by market capitalization.
During the same period, ADA traded between a low of $0.6351 and a high of $0.6755, indicating steady market activity and growing investor confidence.
Liquidity Boost Drives Strong Market Turnover for Cardano
Cardano’s trading volume skyrocketed 92.49%, reaching $1.07 billion in the past 24 hours. This spike highlights an influx of liquidity and heightened activity across exchanges.
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The market capitalization now stands at $24.05 billion, while its fully diluted valuation (FDV) sits at $30.2 billion. The volume-to-market-cap ratio of 4.48% underscores healthy turnover, showing that ADA is actively traded and remains attractive to both retail and institutional participants.
Historical Performance Highlights Massive Growth Potential
Cardano’s circulating supply is 35.84 billion ADA, out of a total and maximum supply of 45 billion. This distribution provides a near-complete circulation, suggesting limited inflation risk moving forward.
24-hour price chart Source: CoinMarketCap
Meanwhile, the platform’s fundamentals remain strong. The profile score of 79% on CoinMarketCap signals solid credibility and ecosystem engagement. This reflects continued interest from long-term holders who see Cardano as a sustainable blockchain project with strong development backing.
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From a historical perspective, ADA’s journey remains impressive. Its all-time low of $0.01735 (recorded on October 1, 2017) represents a massive +3,771% gain to today’s price. However, ADA is still 78.32% below its all-time high of $3.10, reached on September 2, 2021. This price gap presents potential upside for investors betting on Cardano’s next major cycle, especially as blockchain adoption and staking participation continue to grow.
Can ADA Sustain the Momentum?
If the bullish sentiment persists and trading activity remains high, Cardano could test the $0.70 resistance level in the coming sessions. Its robust ecosystem, expanding user base, and renewed investor enthusiasm all point toward a positive near-term trajectory.
For now, ADA’s price movement above $0.67 signals market strength and growing optimism among traders anticipating a broader recovery.
