Cardano (ADA), the fourth largest cryptocurrency, hit new highs on May 13 as the bulls refused to follow the broad downtrend in the market.
ADA inspires tired traders
Cointelegraph Markets Pro and TradingView data confirmed New record highs for the ADA / USD pair on Thursday, with the pair hitting the $ 1.96 level.
The move is impressive and puts Cardano just inches away from the psychologically significant $ 2 milestone.
The altcoin had followed many other large capitalization cryptocurrencies up in the past few weeks, but showed surprising resistance to volatility on Thursday.as most tokens fell in line with a reversal of Bitcoin (BTC).
With the ADA / USD pair trading at just $ 0.16 as of 2021, the excitement among traders was evident.
“Thanks for playing,” said Filbfilb, co-founder of the Decentrader Business Suite, summarizing the Telegram subscribers that day.
Filbfilb highlighted Cardano’s equally optimistic behavior and prognosis towards Bitcoin. The USD high brought the ADA / BTC pair back to resistance levels last tested in June 2018.
The catchphrase “energy” sees nano steal the show
However, Despite its progress, the hottest gains of the day didn’t go to Cardano but to Nano (NANO), which hit a high of 125% before consolidating near $ 14.
The consequences of Tesla leaving Bitcoin for payments were still proving to be a boon to some altcoins at the time of this writing, and which blockchain had energy-saving benefits has been the subject of endless debate.
As Cointelegraph reported, there is a chance that Tesla will introduce another cryptocurrency that fits its green business mantra.