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    Cardano Price Update: Prices Climbs 11.72% In Rally. But Things Look Grim For Long Term.

    Cardano's price jumps 11.72% in a recent rally, but concerns about its long-term potential leave investors cautious about future trends.

    Updated Feb 11, 2025
    Samik Ghoshal

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    Samik Ghoshal

    Cardano Price Update: Prices Climbs 11.72% In Rally. But Things Look Grim For Long Term.

    There have been some major developments in the last 24 hours. Trump revised his tariff clauses and decided to impose additional tariffs on aluminum and steel products. As a result, there has been some major outcry in the business community. Therefore, the fear of a trade war has been revived. Cardano was trading at $0.7470 on Tuesday. This was surprisingly 11.72% higher than earlier. This was the single-highest one-day percentage gain since January 3rd, 2025.  

    This upward push brought good news for Cardano investors amidst all the news of falling cryptos. This bullish trend pushed the overall market cap to $26.1254 billion, 0.81% of the total crypto market cap. However, this is not an all-time high. At one time, the total market cap for Cardano was close to $95,000 billion.  

    Daily Progress 

    Cardano is showing signs of stability in such a tumultuous time. This is very different from the general alt-coin trend at the moment. The coin’s overall intraday high and low are at $0.7495 and $0.7105. This puts Cardano in a decent enough range. Still, data from the past seven days speak differently.  

    Over the past week, the token saw a dip in the overall value. Cardano lost approximately 8.77% of its total value. This was a sharp dip compared to other altcoins that dipped by 4% or 5%. At the time of writing, around $824.2017 million worth of Cardano has been traded. This constituted around 0.79% of the total market value. For the past seven days, the coin has been traded from $0.6511 to $0.7754.  

    The current market price falls between $0.7495 and $0.7105, around 75.90% less than its all-time high of $3.10, as seen in September 2021. Therefore, Cardano may not be viable for long-term investors. There has been a sharp decline in its market cap and overall price. Therefore, people who held Cardano back in 2021 must have seen a considerable drop in their investment. For now, Cardano has seen an 11.72% rise in the overall percentage of prices. Follow for more crypto news.  

    Samik Ghoshal

    Samik Ghoshal

    Editor

    Samik Ghoshal is a versatile writer with a special knack for blockchain technology, which brings a nuanced perspective to his work. His analytical skills and passion for cryptocurrencies made him a critical writer nurturing the world of NFTs, DeFi, and Web3 developments. Accuracy and enthusiasm to understand the crypto market sets his value for each informative content.

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