Cardano ADA Re-Enters Top 10 Cryptos List with 16% Price Surge

Cardano's recent price surge has propelled it back into the top 10 cryptocurrencies by market capitalization. According to various reports, the cryptocurrency jumped from a low of $0.25 to nearly $0.312 within 24 hours.

This significant increase in value is largely attributed to the overall recovery in the crypto market. The total market cap has climbed to $2.34 trillion, up 4.4% from previous levels.

Strong accumulation by whales and large investors also played a crucial role in Cardano's price surge. Data from Santiment indicates that wallets holding between 100,000 and 100 million ADA have accumulated over 819.4 million ADA in the past six months.