NEW!Incredible offer for our exclusive subscribers! Read More
Altcoins

Holding Strong: Cardano (ADA) Broke its ATH Despite the Crypto Market Crash

1 Mins read

Cardano (ADA) continues with its highly impressive 2021 performance after registering yet another all-time high. Interestingly, this one was quite unexpected as the rest of the crypto market is nosediving.

cryptonews.net

  • Cardano entered the new year at around $0.18, but it has taken full advantage of the ongoing bull run since then.
  • The cryptocurrency quickly shot above $1, entered the top ten largest digital assets by market cap, and continued heading north.
  • In the following months, ADA doubled down on its impressive performance and headed into uncharted territory above $1.5.
  • CryptoPotato reported roughly a week ago when the asset spiked by 20% in a day and reached an all-time high at $1.7.
  • Although these 840% YTD gains were impressive on their own, ADA has kept climbing since then. Earlier today, the cryptocurrency charted yet another record at over $1.87 (on Kraken).

  • This mind-blowing increase means that ADA’s price has grown by more than ten times since the start of 2021.
  • Moreover, CoinGecko data shows that precisely 14 months ago – on March 13th, 2020, ADA had plummeted to its all-time low of $0.019. Since the COVID-19-induced market crash, the asset is up by about 9,400%.
  • What’s also compelling about today’s record is that it came during another market-wide correction. As reported earlier, the entire market cap lost roughly $500 billion in a day after Elon Musk’s Tesla disabled bitcoin payments for its products.
  • Bitcoin dumped by $12,000 in a day and most alternative coins followed suite. ETH (-13%), BNB (-13%), DOGE (-20%), XRP (-11%), BCH (-17%), and UNI (-10%) are all down from the top ten.

Related posts
AltcoinsBTCCryptoETHOther

ilonbit.net protects your money — Scheduled

2 Mins read
ilonbit.com Exchange, as bitcoin becomes more popular, more exchanges are springing up to buy, trade, and sell various cryptocurrencies. As a result, choose…
AltcoinsBTCCryptoETHOtherTrading

Exzus.com | Review of the exchange in 2022 | 

2 Mins read
exzus.com Exchange, as bitcoin becomes more popular, more exchanges are springing up to buy, trade, and sell various cryptocurrencies. As a result, choose…
AltcoinsBTCCryptoETH

Exzus innovative security system is a combination of the system of protection of funds and verification of users.

1 Mins read
Imagine that you did not set a strong enough password and did not enable 2FA. What can happen in this case? That’s…
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *