Major developments in the company and a host of new projects and partnerships have put Cardano among the top 10 coins by market capitalization. However, even with a 70% YTD increase and a 62% growth in 30 days, it is still lacking compared to the pump seen by BSV and BCH.
Cardano sees a big price increase in 2020
After nearly two years of price stagnation, ADA seems to have caught an extremely bullish wave. It has seen a surge in value in the new year, recording YTD increases of more than 70%.
YTD price chart for Cardano. Source: CoinMarketCap
Apart from a few small consolidations, ADA prices have increased almost steadily by 2020. While the first days of January showed the strongest growth, ADA prices increased by 62.4% in just 30 days. by.
30-day price chart for Cardano. Source: CoinMarketCap
Cardano's new partnership drives weekly growth
Cardano's partnership with huge audit and consulting firm PwC has been in the works for a long time, but it has to be notification Officially, the ADA saw a spike. PwC is expected to hold a seminar this month, where they will present a strategy that will merge the works of Cardano, the Cardano Foundation and the Emurgo branch of Cardano.
The company's ambitious plans in the coming months have created an extremely strong momentum for the Cardano community.
The news has been enough to push the currency's price to a halt of more than 15% for a few minutes and the buying pressure has eased a bit since then. Last week was one of the most turbulent week, but even the slowest growth of ADA pushed prices up 14%.
7-day price chart for Cardano. Source: CoinMarketCap
BSV and BCH pumps overshadow the increase in ADA
However, Cardano's gains are still overshadowed by the incredible Bitcoin Cash and Bitcoin SV pumps seen this year.
BSV has seen a nearly 180% increase since January 1, 2020 due to controversy surrounding Wright v. Kleiman.
YTD price chart for BSV. Source: CoinMarketCap
BSV's huge pump this year not only eclipsed the 70% increase in ADA but also eclipsed the rise of Bitcoin Cash, seeing prices rise by more than 86% in the past 35 days.
YTD price chart for Bitcoin Cash. Source: CoinMarketCap
Disclaimer: This is not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
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