The price of the crypto asset cardano reached an all-time high on Friday, tapping $2.58 per unit. Year-to-date, cardano has gained a massive 1,871%, and during the last two weeks, the digital currency has spiked 73% in value against the U.S. dollar.
Cardano Now Commands 3rd Largest Position in Crypto
Cardano (ADA) has been on a tear this week as the coin finally overtook the asset’s previous all-time high (ATH) recorded over three years ago. On Friday, ADA tapped a fresh new ATH at $2.58 per unit as the coin has gained 13.8% over the last seven days. The price per ADA at the time of writing is $2.44 per unit which is 5.6% down from the ATH.
Because of ADA’s increased value, the crypto asset is now the third-largest digital currency market by overall valuation. At the time of writing, cardano (ADA) has a market capitalization of $78 billion and there’s currently $4.6 billion in global trade volume. The ADA market cap equates to 3.60% of the $2.16 trillion crypto economy. In three months, ADA has gained 84.44% against the U.S. dollar.