The cryptocurrency ecosystem has witnessed the arrival of a large number of new assets. However, despite being around for nearly a decade, some coins are associated. Cardano (ADA) is one of them. The asset continues to make headlines despite its debut in 2017. Cryptocurrency has now reached an all-time high of $3.10 from a low of $0.01735. The ADA hit this peak in 2021, about four years ago. Currently, assets are 76% below this price mark. Nevertheless, the ADA trades far higher than its all-time low. This article highlights Altcoin’s growth rate over the past few years.
How much does Cardano trade today?
Last year and the moon were very bullish for Cardano. Assets skyrocketed by 56% and 17% during these periods, according to CoinmarketCap data. However, last week it was challenging for the asset as it soaked more than 7%. At the time of writing, the ADA was trading at $0.7336. This occurs after a slight increase of 1.28%.
Last week’s downward trend has been a boon for certain investors. According to analyst Ali Martinez, the Cardano Whale purchased an astounding 80 million ADA. This highlights the market’s willingness to buy assets while looking forward to future growth.
Pocket of profit
Historical data shows that the ADA reached an all-time low of $0.01735 in October 2017. This was about 8 years ago. Assets have grown more than 4,131% since this low. A $1,000 investment in Cardano at the lowest price of $0.01735 is worth around $42,286.83 at a price of $0.7336. If investors pour more money into cryptocurrency, they will record much larger returns.
