Cardano’s ADA token surged to new all-time highs on Thursday as an altcoin comeback gripped cryptocurrency markets.
Cardano joins Ether in serious gains
Data from Cointelegraph Markets Pro and TradingView showed ADA/USD clipping $3.06 during trading Thursday.
Having shown strength for multiple weeks, Cardano benefited from a broader altcoin resurgence after attempting to hit the $3 mark throughout the second half of August.
The move coincided with the launch of the Cardano Alonzo testnet ahead of a mainnet debut later this month.
At the time of writing, ADA/USD remained above $3 while taking a break at $3.066 on Binance.
Weekly gains totaled 17.2%, while Ether (ETH) nonetheless outshined within the top 10 cryptocurrencies by market capitalization with 20.5% weekly returns.
ETH/USD traded at almost $3,800 Thursday, around $600 short of its historic all-time highs seen in mid-May.