Cardano ‘Just Closed Its First Weekly Green Candle in 9 Weeks’, $ADA Up 13.5% in Past 24 Hours

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On Monday (June 6), crypto enthusiast “Cardano Dan“, the operator of “Cardano Dan’s Stake Pool” (Ticker: DAN), pointed out that $ADA had “just closed its first weekly green candle in 9 weeks.”

Earlier today, he sent out the following tweet to point out a change in $ADA’s fortune:

“Cardano Dan” also said that with the Vasil hard fork expected to take place in just over three weeks from now, “anyone in crypto without $ADA exposure right now is nuts.”

As you can see in the one-month ADA-USD price chart below, on Coinbase, $ADA was trading as low as $0.4099 on May 12. Currently (as of 8:10 a.m. UT on June 6), $ADA is trading around $0.6378, up 13.56% in the past 24-hour period.

Source: TradingView

Talking of the $ADA price, on June 1, Dan Gambardello, Founder of Crypto Capital Venture, tweeted that he founded it amusing that some people think it is impossible for $ADA’s market cap to reach $1 billion, even though Ethereum’s market cap has been as high as $500 million.

And earlier today, Gambardello said that $ADA is “on the verge of a breakout”, and that he is expecting a “massive” price rally.

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Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Image Credit

Featured Image by “AnTa_ranga” via Pixabay.com



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