Cardano ($ ADA) is up over 13%, crypto analyst says it could be ready for $ 5

On Saturday (September 11th), Cardano’s $ ADA token is the highest percentage winner among the top 10 crypto assets with a nearly 14% increase in the past 24 hours, which only helped to bring it to its third place in the table To further consolidate the market capitalization of coins.

According to data from TradingView, $ ADA is currently trading (as of 19.06 UTC on 11.

Why $ ADA does so well on a day when both Bitcoin and Ethereum are down 0.33%, the most plausible explanation is that there are still plenty of investors and traders out there who believe that activating the Alonzo- Hardforks on Mainnet 12 doesn’t have to be one of those “buy rumors, sell news” events, and that such a show of strength suggests the best days of $ ADA are still ahead of them.

One prominent crypto analyst who seems to believe this is Michaël van de Poppe, who said today that he believes the $ ADA price can reach $ 5.

Based on LunarCRUSH’s social media analytics data, Solana currently has the highest AltRank score:

Tim Harrison, Marketing & Communications Director at IOHK, the blockchain technology company behind Cardano, pointed out the following infographic, which paints a beautiful picture of Cardano’s rich and diverse ecosystem, and said the next “several months” should be pretty exciting, to see more and more of these Cardano-powered projects are launched on the mainnet.

The one from @Cardians_ is beautiful. And not even the whole story. A burgeoning ecosystem has been working tirelessly in the background for months. Many will take a while longer to get started on the mainnet. But starting tomorrow, rest assured, we have some amazing months ahead of us #Cardano pic.twitter.com/KXL6Ji4sSG

– Tim Harrison (@timbharrison) September 11, 2021

Finally, as for tomorrow’s Alonzo Hard Fork Combinator (HFC) event, IOHK said yesterday (September 10th) that version 4.3.1 of the Daedalus wallet is available and its users “ahead of the HFC event on Sunday, September “Should update to this version 12. @ 21:44 UTC.”

To ensure uninterrupted wallet operation, update Daedalus before the HFC event on Sunday, September 12th at 21:44 UTC. We have also activated a countdown for a bit of fun. Click the confetti icon in the top right of the screen to view it 🎉 pic.twitter.com/qESQ6pQ2ls

– Input output (@InputOutputHK) September 10, 2021

DISCLAIMER

The views and opinions of the author or the persons mentioned in this article are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading in crypto assets carries the risk of financial loss.

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