As Cardano’s price skyrockets to new all-time highs, the asset has caught the attention of the cryptocurrency crowd. On-chain data from social media platforms confirmed that ADA had become the most talked about digital asset in the past few days.
ADA takes over Twitter
It’s safe to say that Cardano’s native cryptocurrency has been on the rise since the beginning of the year. On a micro-scale, ADA shot most of its competitors out of the water in the last month.
On July 20, when the entire market corrected, it fell below $ 1. It did so after it exploded more than 1,200% in the first few months of 2021.
However, after the massive retracement, ADA quickly returned to its glory days. It doubled in value in just a few weeks, continued to rise, and only recently surpassed its previous ATH, as reported.
However, it did not stop there and continued north. A few hours ago, the latest record came in at $ 2.95 (on Bitstamp). An increase of 194% since July 20th and more than 1,500% for the year, somewhat expected, has caught community attention.
Santiment reported that the number of mentions of the Cardano and ADA hashtags on Twitter over the weekend skyrocketed. The analyst pointed out that this growing exposure “will have a huge impact on whether prices continue to move toward $ 3 and beyond.”
Twitter mentions of ADA and Cardano. Source: Santiment
Santiment later announced that Twitter mentions even exceeded Bitcoin, despite the fact that the primary digital asset surged above $ 50,000 for the first time since May.
Room for more attention?
While short-term Twitter engagements skyrocketed over the weekend, Google trending data shows that attention may be grabbing.
The number of Cardano (or ADA) queries to the largest search engine in the world has definitely increased lately, as the following graphic shows. However, they are still a long way from May Peak when ADA hit its ATH at that point.
Since Google trends are usually a good indicator of retail investor behavior, it can be assumed that they have not yet fully arrived. With that in mind, the price of ADA could actually target higher if the previous mania returns, just as Santiment has suggested.
Cardano Google searches 12 million worldwide. Source: Google Trends
SPECIAL OFFER (sponsored)
Binance Futures 50 USDT FREE Coupon: Use this link to register and get 10% off fees and 50 USDT when trading 500 USDT (limited offer).
PrimeXBT Special Offer: Use this link to register and enter the POTATO50 code to get 50% free bonus on every deposit up to 1 BTC.
