- Cardano (ADA) breaks past $1, gaining 45% in a week and 215% in a month.
- Market cap nearly tripled in 17 days, achieving the highest realized profits in 8 months.
- Social media discussions on ADA hit an 11-month peak, signaling growing interest.
- Analyst suggests ADA could rally to $2.77, another 180% surge, if momentum sustains.
Cardano (ADA) is making waves in the crypto market as it surges past the $1 mark, showcasing remarkable bullish momentum. Over the past week alone, ADA has seen an impressive rise of nearly 45%, and in the last 30 days, it has surged by an eye-catching 215%. This dramatic rise has investors and market watchers keenly following its progress.
As of writing, ADA is trading at $1.07, with a 24-hour trading volume of $12.36 billion, a market cap of $37.59 billion, and a market dominance of 1.11%. The coin has gained 18.38% in just the last 24 hours, signaling strong demand and investor interest.
Cardano’s Market Surge and Positive Sentiment
According to data from Santiment, Cardano has seen a remarkable increase in its market cap over the past 17 days, nearly tripling during this period. This surge has brought ADA close to surpassing the $1.00 market value for the first time since April 2022.
Today marks a notable achievement for the token, as it records the highest level of realized profits for ADA traders in the last 8 months. Additionally, social media activity surrounding Cardano is at its peak, with discussions about the coin reaching their highest levels in 11 months, further indicating growing investor enthusiasm.
Cardano’s 201% Rally Sparks $2.77 Hopes
Crypto market watchers are optimistic about Cardano’s future. Analyst Javon Marks recently expressed his bullish outlook, noting that ADA’s incredible 201% gain over the past few weeks could signal the potential for even more upward movement. According to Marks, the price of ADA could quickly reach $2.77, marking another 180% increase from its current level, should the bullish momentum continue.
As Cardano’s market performance captures widespread attention, investors are closely monitoring the coin’s next moves. With the market sentiment reaching new highs and the possibility of significant price surges, all eyes are on Cardano to see if it can maintain this upward trajectory in the coming weeks.
