On Tuesday (November 9), $ADA, the native token of popular proof-of-stake blockchain platform Cardano, was the highest percentage gainer (vs USD) among the top 10 cryptoassets by market cap after surging over 9% in the past 24-hour period to confidently take back fifth place from $SOL, the native token of Solana.
According to data by TradingView, on crypto exchange Kraken, after starting the day at $2.1244, $ADA got as high as $2.3388 by 11:22 UTC (which is today’s intraday high). Currently (as of 20:20 UTC on November 9), $ADA is trading around $2.2883, which means that it is up 9.17% in the past 24-hour period.
Among the top 10 cryptoassets, the next best performer was Bitcoin, which currently is trading around $67,031, up 1.36% in the past 24-hour period.
Not surprisingly, today’s price action did not unnoticed by crypto analysts and influencers on Twitter.
Dan Gambardello, Founder of Crypto Capital Venture, said that once $ADA really wakes up, the price action should be “spectacular”.
Crypto quant Benjamin Cowen tweeted:
And pseudonymous crypto analyst and influencer “Altcoin Sherpa” told his over 145K Twitter followers that $ADA is headed to $2.50.
All this excitement and optimism led one popular pseudonymous crypto trader to predict that $ADA is going to $10, a price target that has in the past few months been mentioned by several popular crypto analysts (such as “Crypto Capo” who said om November 3 that he expects $ADA to go over $10 in this bull cycle).
With regard to efforts by IOHK to drive mass adoption of Cardano, on November 5, IOHK (aka “IOG”), the development team behind Cardano, announced that it had launched a Haskell programming course in Ghana.
And on Monday (October 8), World Mobile, which welcomed IOHK Founder and CEO, as well as some other members of the IOHK team, to Zazibar, tweeted that the two parties had met several times and talked to government officials in that country to see how the three parties could work together to create a stronger connected future for the people of Zanzibar.
One of these meetings was with President Hussein Ali Mwinyi, which Hoskinson mentioned on October 25 in the following tweet:
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.
