- Crypto trader advises investors to buy ADA now.
- Trader still regards altcoins as pretenders except for ADA.
- Cardano ADA has gained 95% since the beginning of 2020.
Cardano news today – the price of ADA has so far enjoyed a good period. The coin has continued to post gains since January 5, 2020. This may be the best time to buy ADA because the chart looks good for now and in the coming months. At least that’s what a crypto trader and commentator believes. The trader who made the statement is crypto trading legend, Peter Brandt. Let’s see what Brandt had to say about Cardano and how he arrived at that conclusion.
Peter Bradt: Buy When it Comes to ADA
According to commodity trading legend Peter Brandt, investors should buy when it comes to Cardano. He implied that this is the best time to buy ADA as the price and charts are favorable. Note that even though the commodity trading legend calls alternative cryptocurrencies (altcoins) pretenders, he still sees one of such coins as a standout performer. Bradt believes that there is one particular altcoin that he sees as a good option to buy and that is ADA. Bradt has ensured that he isn’t alone in his view regarding ADA.
Cardano (ADA) Price Today – ADA / USD
Per the report, former IMF economist and BTC hater Mark Dow also shared a message issued by his relative asking whether ADA is a worthy investment or not. Brandt replied to his Tweet:
He did this with no explanation. Then the veteran trader made his remarks about ADA via Twitter:
Dow, who became prominent after shorting Bitcoin after its ATH of $20,000, suggested that Brandt liked the coin’s charts, with no regard to fundamentals. Dow claims that faith-based crypto will likely result in tears on more occasions than now. Recall from an earlier report in later November 2019, Dow declared that Bitcoin was dying. He said this when Bitcoin was bleeding to the $6,500 price position. Now, he has come out to disregard the position made by Bradt.
The Price of ADA Has Gained 95% Since 2020 Began
Cardano News Today – The ADA coin has so far enjoyed an impressive start to the year after it’s network Cardano, successfully launched the Shelley testnet back in December 2019. The protocol has so far managed to pump by an impressive 95% in 2020. In the process, the cryptographic project has significantly outperformed both Bitcoin and Ethereum (the number one and two largest digital assets by market cap). ADA’s massive rally is likely going to continue for the time being. Another Crypto trader, Michael van de Poppe, also predicted that the ADA pics could rise the highest among the top 20 altcoins.