Cardano Have As altcoins made a comeback to sweep the cryptocurrency market, the tokens soared to a record high on September 2.
Cardano joins Ethereum to make significant gains
Cardano has shown strength for several weeks, benefiting from a broader altcoin recovery after trying to reach the $3 mark throughout the second half of August.
This move coincides with the launch of Cardano Alonzo testnet, Before the mainnet debut later this month.
At the time of writing, ADA/USD remained above $3 while breaking through $3.066 on Binance.
The trading price of ETH/USD on Thursday was close to 3,800 US dollars, about 600 US dollars lower than the all-time high set in mid-May.
Stars gather to welcome the cryptocurrency bull market
ETH started the rise of altcoins, which first appeared as Bitcoin (Bitcoin) cool down Approximately US$47,000.With BTC/USD then started Follow suit, The market seems to have a snowball effect. Among the top 50 crypto tokens that day, except for three, all the other crypto tokens are in the green state.
“We are entering the second phase of this super bull market cycle, and I like it. Enjoy it,” Cointelegraph special analyst Michaël van de Poppe Summarize.
As Cointelegraph Report, Bitcoin and altcoin’s re-strength foundation seems to be in place, and the on-chain indicators and fundamentals of the former are firmly bullish.