On Friday (May 7th), Cardano’s (ADA) price topped the $ 1.74 level for the first time.
Data from TradingView shows that on May 7th at 13:07 UTC on the Kraken crypto exchange, ADA-USD hit $ 1.7480, a new all-time high.
Starting at 17:52 UTC on May 7, Cardano’s ADA token will start trading around $ 1.6885, an increase of 3.25% over the past 24 hours. For the year to date, the ADA is up 829.27% against the USD.
Here is what crypto analyst and trader Michaël van de Poppe had to say about the performance of $ ADA versus $ BTC:
#Cardano follow the plan.
The old coins from 2017 heat up nicely here.
And there is much more to come. pic.twitter.com/sejzPvDPpt
– Michaël van de Poppe (@CryptoMichNL) May 6, 2021
And then today Van De Poppe called the recent price action of $ ADA against $ BTC “nice”.
– Michaël van de Poppe (@CryptoMichNL) May 7, 2021
On Wednesday (May 5), Van De Poppe said he could see the price of Cardano’s ADA token approaching $ 5.
I think so.
– Michaël van de Poppe (@CryptoMichNL) May 5, 2021
If you think $ 5 is a slightly over-optimistic price target for Cardano, point out that this is nowhere near the most optimistic price prediction for Cardano. On April 10, crypto analyst Justin Bennett told his 39.3,000+ followers on Twitter that he wouldn’t be surprised if the ADA price was between $ 20 and $ 30.
Translation: $ 10 $ ADA is conservative and $ 20-30 wouldn’t surprise me.
– Justin Bennett (@JustinBennettFX) April 10, 2021