On Thursday, there was a strong sensation of “altseason” in the crypto markets. According to one expert, we’re in the next phase of a
While cryptocurrency markets were seized with an altcoin rebound on Sep. 2, Cardano’s ADA token reached new highs.
Coins like Cardano and Ethereum are gaining
TradingView and Cointelegraph Markets Pro data indicated that the ADA/USD pair lost $3.06 during Thursday’s trade
While Cardano has showed strength for weeks, it took advantage of the cryptocurrency revival in the second half of August after trying to achieve the $3 level for several weeks.
Coincident with the move was the introduction of the Cardano Alonzo test network in preparation for the Cardano mainnet launch later this month.
ADA/USD was trading at $3.066 on Binance at the time of writing.
Week-over-week increases totalled 17.2 percent, with Ether (ETH) leading the pack with 20.5 percent weekly gains.
In mid-May, ETH/USD reached a historic high of $3,800.
Cryptocurrencies like Ethereum (ETH) have began to rise while Bitcoin (BTC) cooled to about $47,000. A snowball effect developed in the market as BTC/USD followed suit, with all but three of the top-50 crypto tokens in the green for the day.