Cardano (ADA) is the tenth biggest crypto by market cap. It is believed to be highly perspective by some experts and the Weiss Ratings agency. In particular, Weiss Ratings believes it is superior to EOS.
ADA’s price peak took place back in January 2018, when it traded at $1.23. Since January this year, ADA has been trading between $0.7 and $0.4, which looks like a slightly uneven flat line on charts.
Now, traders have massively noticed a sudden price surge of over 16 percent. Some of them believe this is a new bullish wave for Cardano’s coin.
‘+15% already. First resistance reached’
The crypto trader and investor known as ‘Crypto Rand’ believes that ADA has broken an Ascending Triangle pattern after its massive Falling Wedge breakout consolidation. The coin has taken the first resistance level already, the expert points out.
Looking for a new bullish wave, he writes.
‘ADA is in the play’
Crypto trader and author of ‘An Altcoin Trader’s Handbook’ Nik Patel believes that ‘ADA might be in the play’. He points out that the coin’s price has been lagging behind for a long while. However, now it is showing ‘really solid daily candles’ on both USD and BTC charts.
ADA expected to hit $0.54-$0.57
Traders @Tradermayne and @CryptoNewton have also tweeted about ADA’s sudden breakout. Their predictions vary very slightly – they expect the coin to reach $0.54 - $0.57 (0.00000604 BTC - 0.00000635 BTC).
Vitalik Buterin denies plagiarizing Cardano
As earlier reported by U.Today, a reddit user accused the creators of Ethereum 2.0 of using Cardano’s design to create ETH 2.0 slots & epoch solutions.
This discussion got the attention of Vitalik Buterin, who responded on Reddit that this accusation sounds as ridiculous as someone saying that Tesla is copying the four-wheel structure from old Ford automobiles.