Historic peak week Cardano (ADA) managed to surpass Bitcoin (BTC) by number of mentions on Twitter.
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Cardano has become the most talked about cryptocurrency on Twitter, according to survey run by Santiment, a data analytics and metrics company for the cryptocurrency market.
The number of comments and posts containing the words “Cardano” and “ADA” has increased significantly over the past weekend. Engagement continued to rise on Monday (23), reaching a point exceeding the number of mentions of BTC, the main and most famous cryptocurrency in the world.
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The market has returned to optimistic sentiment for Cardano since the second week of August, when it was Release Date Announced smart contracts on your blockchain.
The asset has since started a strong upward move, jumping from $ 1.46 to a new all-time high of $ 2.95 hit on Monday, the same day it became the most-mentioned cryptocurrency on Twitter.
Since then, the ADA has retreated with the market and is trading at $ 2.74 at the end of this article. However, over the past 14 days, the asset has continued to rise in value by 85%, which helps to understand the reasons why Cardano has become the “darling” of the Internet.
Bitcoin though come up again out of $ 50,000, according to Dice at CoinGecko.
tweet from Felipe Neto, one of the country’s most famous YouTube users, shows how Cardano has managed to get attention on Twitter.
On the same day that a new cryptocurrency price record was set, the Brazilian posted a post with the word ADA followed by graphics and Twitter emoticons. A few days earlier, the YouTuber had already shared that he invested in cryptocurrencies…
ADA can go as high as $ 3.00?
Sentiment underlines that the continued active engagement that Cardano is registering on social media will be a decisive factor for the ADA to surpass the $ 3 mark.
According to the analyst Cryptocurrency Yakub Dzyadkovets, if the ADA manages to gain a foothold above the price of $ 2.87 in the next few days, the cryptocurrency has a good chance of reaching the Fibonacci targets at $ 3.38 and $ 3.94.
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