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 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.”

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.

Source: TradingView

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.

And earlier today, Gambardello said that $ADA is “on the verge of a breakout”, and that he is expecting a “massive” price rally.

On June 3, Gambardello explained why he believes that Cardano will “not only survive this bear market, but it will come out more powerful than ever.”

Romain Pellerin, the CTO of Input Output Global (“IOG”), the company responsible for Cardano’s research and development, said yesterday (June 5) that he was proud of his company’s engineering team for its work on the upcoming Vasil hard fork (expected on June 29), going “from specs to robust code in less than 8 months.”

On June 2, Sebastien Guillemot, who is the CTO of blockchain company dcSpark — as well as the former VP of Engineering and Cardano Product Manager at EMURGO, pointed out that “50% of the Cardano ledger changes for the upcoming Vasil upgrade were CIPs (Cardano Improvement Proposals).”


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The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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Featured Image by “AnTa_ranga” via Pixabay.com