Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Cardano Forum => Topic started by: Dociko on May 07, 2021, 05:42:28 PM

Title: Cardano breaks out vs. Bitcoin as ADA price discovery nears $2
Post by: Dociko on May 07, 2021, 05:42:28 PM
The current "alt season" has produced serious returns but remains subdued when viewed in BTC terms. ADA, the native token of the Cardano smart contract platform, has joined the altcoins hitting new all-time highs this week.
Data from Cointelegraph Markets Pro and TradingView shows ADA/USD hitting over $1.70 for the first time on May 7.

In a move that an increasing number of large-cap altcoins are seeking to copy, ADA gained impressively during the past few days, going from below $1.30 to the highs as sell walls disappeared. Source: Cointelegraph (https://cointelegraph.com/news/cardano-breaks-out-vs-bitcoin-as-ada-price-discovery-nears-2)
Title: Re: Cardano breaks out vs. Bitcoin as ADA price discovery nears $2
Post by: Lukasz on May 10, 2021, 11:57:36 PM
ADA is still very much influeneced by BTC once a true decoupling from BTC price comes once ADA establishes itself broadly over a whole range of partnerships it could go to a very interesting price discovery time
Title: Re: Cardano breaks out vs. Bitcoin as ADA price discovery nears $2
Post by: Oxumare on May 18, 2021, 12:57:13 PM
The increase in ADA price is due to the investment of Institutional companies.
See, Swiss digital investment company Valor, added the feature of stock exchange investment products (ETP) that will facilitate Cardano investment especially for corporate companies.Likewise, another Swiss investment fund had issued ETPs for ADA.
Title: Re: Cardano breaks out vs. Bitcoin as ADA price discovery nears $2
Post by: Review Master on May 20, 2021, 04:10:20 PM
Quote from: Oxumare on May 18, 2021, 12:57:13 PM
The increase in ADA price is due to the investment of Institutional companies.
See, Swiss digital investment company Valor, added the feature of stock exchange investment products (ETP) that will facilitate Cardano investment especially for corporate companies.Likewise, another Swiss investment fund had issued ETPs for ADA.

That's sure to have major impact on the price of cardano. Also, alonzo testnet is on the way and mainnet for smart contracts will be probably done in August. So, ADA will sure to have more bullish rally in the upcoming months, but as of now, we just need to wait for market recovery from this current correction. Hopefully, it'll again surge for $3 as $2.45 is the latest ATH.  :D