While the whole market tumbles with massive declines, ADA charted a fresh all-time high at $1.87.
Cardano (ADA) continues with its highly impressive 2021 performance after registering yet another all-time high. Interestingly, this one was quite unexpected as the rest of the crypto market is nosediving.
Cardano entered the new year at around $0.18, but it has taken full advantage of the ongoing bull run since then.
The cryptocurrency quickly shot above $1, entered the top ten largest digital assets by market cap, and continued heading north.
In the following months, ADA doubled down on its impressive performance and headed into uncharted territory above $1.5.
CryptoPotatoreported roughly a week ago when the asset spiked by 20% in a day and reached an all-time high at $1.7.
Although these 840% YTD gains were impressive on their own, ADA has kept climbing since then. Earlier today, the cryptocurrency charted yet another record at over $1.87 (on Kraken).
This mind-blowing increase means that ADA’s price has grown by more than ten times since the start of 2021.
Moreover, CoinGecko data shows that precisely 14 months ago – on March 13th, 2020, ADA had plummeted to its all-time low of $0.019. Since the COVID-19-induced market crash, the asset is up by about 9,400%.
What’s also compelling about today’s record is that it came during another market-wide correction. As reported earlier, the entire market cap lost roughly $500 billion in a day after Elon Musk’s Tesla disabled bitcoin payments for its products.
Bitcoin dumped by $12,000 in a day and most alternative coins followed suite. ETH (-13%), BNB (-13%), DOGE (-20%), XRP (-11%), BCH (-17%), and UNI (-10%) are all down from the top ten.
Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn
