Cardano (ADA) surges over 20%

11 May, 2019
by David Robb
Price Action
Cardano (ADA) surges over 20%

Cardano (ADA) is continuing to lead the surge as Bitcoin and most altcoins see impressive 24h gains. The 9th-placed crypto is now up by over 20 percent on average across exchanges. 

Cardano (ADA) has had a mixed year so far, with few positive fundamentals and a significant loss of value. This current rally appears to be entirely technical, riding the wave of enthusiasm following BTC's spike. However, a 20% surge is still impressive and the biggest 24h change ADA has seen in a while, excluding the major rally across the whole crypto market at the start of April.

Cardano now has a market cap of $1.97 billion. It has gained in value to the level that it was at towards the end of April, when it began to see daily losses.

Image from Gyazo

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