Cryptocurrency Cardano became the most profitable in a day

On Wednesday, March 22, the cryptocurrency Cardano ADA $0.78 Cardano -8.24% Market capitalization $27.97 billion VOL. 24 hours $0.47 billion showed an average gain of 10%. At the time of writing, the asset is trading at $ 0.38 with a market capitalization of $ 13.18 billion. The daily trading volume amounted to $ 143.2 million. Overall, over the past seven days, Cardano’s value has increased by 4.2%.

Given the current ADA rate, the asset is trading almost 88% below its all-time high of $ 3.10 set on September 2, 2021.

Recently, Charles Hoskinson, the father of Cardano, surprised cryptocurrency holders by urging market players to abandon banks in the current economic crisis. The entrepreneur emphasized that digital assets need to minimize the risks associated with unstable financial institutions. Crypto enthusiasts see Hoskinson’s remark as a call to destroy classical financial systems and create new decentralized alternatives.

As for the rate of the flagship cryptocurrency BTC $97,376.90 Bitcoin 4.63% Market capitalization $1.93 trillion VOL. 24 hours $5.41 billion , bitcoin is showing minimal growth. The virtual asset is available for purchase for $ 28,314, with a market capitalization of $ 547.16 billion and daily trading volume of $ 7.1 billion.

On the contrary, the leading altcoin ETH $3,130.47 Bridged Ether (StarkGate) -0.07% Market capitalization $0.26 billion VOL. 24 hours $1.93 billion has seen a minimal drop today. At the time of writing, ETH is trading at an average price of $ 1,800, with a total supply of coins circulating on the market of $ 216.8 billion. Traders made daily trading deals worth $ 1 billion.