Cardano (ADA) surged by 12.05% on Tuesday, reaching $1.2833, marking its largest one-day percentage gain since November 22, 2024. This bullish movement significantly boosted Cardano's market capitalization to $43.8348 billion, making up 1.26% of the total cryptocurrency market cap. While the cryptocurrency has shown robust gains over the past week, rising by 29.63%, it still trades 58.59% below its September 2021 all-time high of $3.10.

In the past 24 hours, Cardano traded within a range of $1.1847 to $1.2960, reflecting the recent volatility in the market. Over the week, the cryptocurrency saw a wider trading range between $0.9328 and $1.2960. Its trading volume stood at $5.5165 billion, accounting for 1.92% of the total cryptocurrency trading volume.

Despite its gains, Cardano's performance is in contrast to major cryptocurrencies like Bitcoin and Ethereum. Bitcoin, for instance, saw a 1.86% decline, trading at $95,663.3 with a market cap of $1.897 trillion, or 54.6% of the overall market. Ethereum also dropped 1.81%, trading at $3,636.96 with a market cap of $439.93 billion, representing 12.66% of the crypto market's total value.

The surge in Cardano comes amidst a highly dynamic cryptocurrency market, where volatility remains a key factor. While Cardano's recent rally has given hope to investors, it serves as a reminder of the unpredictable nature of digital assets. For traders looking to navigate these turbulent waters, the next few days could be pivotal in determining whether ADA can sustain its upward momentum or face a correction.

Investors exploring opportunities in the crypto space are encouraged to remain vigilant and conduct thorough research, as market conditions can shift rapidly. Whether you're considering long-term growth or short-term gains, keeping an eye on trends and broader market movements is essential.