ADA Surges Over 10% in 24 Hours as Investors Reclaim $1 Support: What’s Next?

• Cardano surged 10.01% to $1.0033, marking its largest one-day gain since January 3, with a market cap of $34.8 billion.
• Over the past week, Cardano dropped 3.88%, trading in a range of $0.8812 to $1.0367, and remains 67.62% below its all-time high of $3.10.
• Bitcoin rose 4.84% to $96,534.7, while Ethereum gained 6.59% to $3,217.56, reflecting broader market strength.

Cardano ($ADA) surged 10.01% on Tuesday, trading at $1.0033 by 13:19 (18:19 GMT) on the Investing.com Index. This marks its largest single-day percentage gain since January 3, pushing its market cap to $34.8 billion, representing 1.04% of the total crypto market cap.

Trading Activity and Weekly Performance

In the past 24 hours, Cardano traded between $0.9381 and $1.0036, with a trading volume of $1.17 billion, about 0.86% of all cryptocurrency trades. Despite Tuesday’s rally, Cardano is still down 3.88% over the last week, trading in a wider range of $0.8812 to $1.0367 during that time.

While $ADA has rebounded, it remains 67.62% lower than its all-time high of $3.10, set on September 2, 2021.

Broader Crypto Market Snapshot

Other top cryptocurrencies also experienced gains:

• Bitcoin climbed 4.84%, reaching $96,534.7, with a market cap of $1.91 trillion or 57.16% of the total crypto market.
• Ethereum gained 6.59%, trading at $3,217.56, with a market cap of $386.54 billion, about 11.57% of the crypto market value.

These movements come as the crypto market navigates mixed signals, leaving traders cautiously optimistic about future trends.

Stock Market Insights: ProPicks AI’s Proven Track Record

Looking beyond crypto, 2024 has been a rollercoaster for stock investors. ProPicks AI has identified two stocks surging over 150%, four climbing 30%+, and three gaining 25% in the past year alone. With curated portfolios for Dow stocks, S&P stocks, Tech stocks, and Mid Caps, investors can uncover high-potential opportunities tailored to their strategies.

If you’re uncertain where to invest next, ProPicks AI’s performance and targeted recommendations could be worth a closer look.