Cardano’s ADA soared to become the third-largest cryptocurrency by market cap earlier this week. Today, ADA Price has soared to a new all-time high, increasing by another 15%. It has a market worth of $80,736,171,906.
The token has been on a constant uptrend this month as it surged 85%. This came after Charles Hoskinson announced a September network upgrade, dubbed Alonzo, that will enable the Cardano blockchain to perform smart contracts.
At the time of writing, ADA is trading at $2.52 up by 18.7% in the last 24 hours. It is now to be watched out for if the token will rally higher or retrace from here.
Founder’s Bullish Target for Cardano Price.
Popular pseudonyms trader “Crypto Kaleo” in recent tweets has made uber bullish predictions for ADA.
He says, As the price of Bitcoin and Ethereum continues to rise, many believe Cardano will follow suit in a significant way.
According to Kaleo, ADA might take off in the same way that Tron-based BitTorrent did (BTT). Between March and April of this year, the coin increased by approximately 1000 percent from $0.001 to $0.01.