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2021 proved to be quite lucky for Cardano (ADA). Continuing its highly impressive performance since the beginning of the year, the token has registered another all-time high. And this time the lead is quite unexpected as the rest of the crypto market is nosediving (especially major cryptocurrencies like Bitcoin).
ADA Bull Run Amid Market Crash is a Good Signal
Amid massive decline, the ADA has quickly shot above $1, securing a position in the top ten largest digital currencies of the market by its market capitalization. Beginning the year with an exchange price of around $0.18, the token seems to take advantage of the ongoing crypto wave since then.
In the following months, the ADA has doubled its achievement and headed into an uncharted territory above $1.5. As per statistics, the asset has spiked at the rate of 20% in 24 hours, reaching an all-time high at $1.7.
However, the YDT gains of 840% were impressive on their own and ADA has kept surging since then. As per the data, the token has recorded another all-time-high at over $1.87, on the crypto exchange, Kraken.
ADA Prices Rise to Unexpected Prices
As per the data from the analytics website, approximately fourteen months ago the token had nosedived to its all-time low of $0.019 on 13th March 2020. Since the pandemic has shepherded a significant market crash, the asset is up by about 9,400%. On one side where the whole crypto-sphere is collapsing with huge declines, the ADA charted a fresh all-time high at $1.87.
It is also mesmerizing to see Cardano breaking records during another market-wide correction. As per numbers, the entire market capitalization has lost roughly $500 billion in just a single day as soon as Elon Musk’s Tesla disabled Bitcoin payments for its products.