On Thursday (August 19), the crypto analyst who is the host of crypto-focused YouTube channel \u201cThinking Crypto\u201d said that Cardano $ADA token is flexing \u201cits pump muscles\u201d right now.<\/p>\n

And flex, it did. <\/p>\n

According to data from TradingView, on crypto exchange Kraken, around the time the above tweet was posted, $ADA as trading around $2.3468. Within less than two hours, it had broken its previous all-time high of $2.4223 (which was set on May 16) on its way to new all-time highs, reaching $2.6471 at 08:00 UTC (August 22), which is currently today\u2019s intraday high. <\/p>\n

\n <\/p>\n

One of those who believes that Cardano\u2019s current bull ran has serious staying power is Dan Gambardello, Founder of Crypto Capital Venture, who believes that $ADA \u2014 despite having increased in value 1390% so far in 2021 \u2014 is still undervalued at these levels.<\/p>\n

\n
Cardano is only 20% from $3, and it\u2019s still undervalued$ADA<\/a><\/p>\n
\u2014 Dan Gambardello (@cryptorecruitr) August 20, 2021<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n
On Friday (August 20), Tim Harrison, the marketing and communications director at IOG (aka \u201cIOHK\u201d), the technology company that develops the software implementing the Cardano protocol, said that many people underestimate the \u201csheer scale\u201d of his company\u2019s plans for Cardano.<\/p>\n
\n
\n
\n
I think what many people don’t understand about #Cardano<\/a> is the sheer scale of our ambition. And our absolute determination to make it happen. But those who know, know.<\/p>\n
\u2014 Tim Harrison (@timbharrison) August 20, 2021<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n
And yesterday, crypto analyst Tai Zen predicted that in the next crypto bull cycle Cardano\u2019s market cap will surpass those of all other smart contract platforms (including Ethereum). <\/p>\n
\n
\n
\n
2\/ In next bull market, we predict @Cardano<\/a>‘s mkt cap will surpass ETH & any other smart contract platform.<\/p>\n
The only reason @ethereum<\/a>‘s mkt cap is ahead of $ADA<\/a> is because it has been on the market longer.<\/p>\n
A coin’s success is based on it’s community & $ADA<\/a> has a big community.<\/p>\n
\u2014 Tai Zen (@HeyTaiZen) August 21, 2021<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n
DISCLAIMER<\/strong><\/h2>\n
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.<\/em><\/p>\n<\/p><\/div>\n