Wisdom AnwanaCardano is also a cryptocurrency like Bitcoin and Ethereum and currently, it’s the sixth most valuable cryptocurrency in the world according to Nairametrics.
It is currently on a new record as it bounces above the $1 mark.
The crypto right now is actually benefiting from record-buying pressure from investors in the crypto space.
Cardano is trading at $1.047324 at the time of writing this article which represents that it is up by 20.35% for today.
According to a report, this has been the biggest one-day increment in Cardano’s price since February 20, 2021, to date.
They have been a push in Cardano’s market value by about 2.10% of the total cryptocurrency market value or $32.38 billion.
Over the past few days, they have been an increase in Cardano’s value as it even gained 21.56%.
Cardano in the past few days (pass 7 days precisely ) has traded between the range of $0.8115 to $1.1971.
Michaël van de Poppe who is a crypto analyst/trader has recommended Cardano to investors and traders.
In a video (titled “Cardano Breaks $1 But $10 Is Possible In This Bull Cycle! Here’s Why!”) released recently the crypto pundit told his followers on Youtube channel that:
“Cardano going towards $10 is not that weird to calculate from here, especially given the fact, and I’ve been saying this in the past week multiple times, especially given the fact that Cardano and mostly all the Bitcoin pairs are just barely waking up. So there’s still much more to gain for the Bitcoin pairs.”
Conclusion
Cardano is a cryptocurrency just like bitcoin and every other cryptocurrency and according to its market value it is currently the sixth most valuable cryptocurrency in the crypto market
According to the report, it has hit a new record as it bounces above the $1 mark.
It is trading at $1.047324 at the time of writing this article which represents that it is up by 20.35% for today.
James steller
