At 7:36 a.m. UTC on Wednesday (July 20), on crypto exchange Binance, the price of Cardano’s $ADA token hit an intraday high of $0.5476, which is the highest it has been since June 12.

Source: TradingView (5-Day ADA-USD Price Chart)
Source: TradingView (3-Month ADA-USD Price Chart)

Currently (as of 6:31 p.m. UTC on July 20), $ADA is trading around $0.5122. Since June 13, when crypto lender Celsius announced on its blog that due to “extreme market conditions” it was “pausing all withdrawals, Swap, and transfers between accounts”, $SOL has gone from $0.4427 to $0.5122, which is a gain of 15.69%.

New Zealand based crypto analyst and educator Lark Davis said earlier today that since ADA-USD has gone above its 50-day Exponential Moving Average (EMA), he expects $ADA to start enjoying a big rally as soon as IOG Co-Founder and CEO Charles Hoskinson announces the exact date for the hotly-anticipated Vasil hard fork (which is expected to go live on the mainnet before the end of this month).

As for Dan Gambardello, Founder of Crypto Capital Venture, who has long been a huge fan of Cardano and is a respected member of the Cardano community, sent out a tweet today that suggested he expects $ADA to have roughly a billion dollar market cap by 2030.

Image Credit

Featured Image by Nana_Amigo_Canino via Pixabay