On Monday (June 6), crypto enthusiast “Cardano Dan“, the operator of “Cardano Dan’s Stake Pool” (Ticker: DAN), pointed out that $ADA had “just closed its first weekly green candle in 9 weeks.”
Earlier today, he sent out the following tweet to point out a change in $ADA’s fortune:
#Cardano $ADA just closed its first weekly green candle in 9 weeks.
It was a decent candle and the highest volume green candle since August 21 and the end of the bull market.
Many other top cryptos had red weekly candles last week. pic.twitter.com/uZQqo24Pyb
— Card?no Dan ?? ADA (@CardanoDan) June 6, 2022
“Cardano Dan” also said that with the Vasil hard fork expected to take place in just over three weeks from now, “anyone in crypto without $ADA exposure right now is nuts.”
#crypto is making a move 3 weeks before a game-changing #Cardano hard-fork. Anyone in crypto without $ADA exposure right now is nuts.
— Card?no Dan ?? ADA (@CardanoDan) June 6, 2022
As you can see in the one-month ADA-USD price chart below, on Coinbase, $ADA was trading as low as $0.4099 on May 12. Currently (as of 8:10 a.m. UT on June 6), $ADA is trading around $0.6378, up 13.56% in the past 24-hour period.
Talking of the $ADA price, on June 1, Dan Gambardello, Founder of Crypto Capital Venture, tweeted that he founded it amusing that some people think it is impossible for $ADA’s market cap to reach $1 billion, even though Ethereum’s market cap has been as high as $500 million.
It’s funny that people think it’s impossible for #Cardano to reach $1 trillion market cap. Ethereum already reached over half of that & the crypto games are just beginning.
I know it’s oddly controversial, but yes, I’m comparing $ADA & $ETH.
— Dan Gambardello (@cryptorecruitr) June 1, 2022
And earlier today, Gambardello said that $ADA is “on the verge of a breakout”, and that he is expecting a “massive” price rally.
Featured Image by “AnTa_ranga” via Pixabay.com
