Crypto: Cardano’s Price Hits $3 as Ethereum Leads Bull Run

The cryptocurrency of Cardano blockchain ADA reached $3 for the first time on Thursday morning, following a bull run
The run of the cryptocurrency has been driven by the announcement of the Alonzo testnet which is set to launch later this month
Meanwhile, the world’s second-largest cryptocurrency Ethereum was among the biggest gainers as it reached $3,800, $600 short of its all-time high

Cardano’s ADA cryptocurrency reached a new all-time high of $3 on Thursday morning, continuing a bullish run from last week.

Data from Binance shows that the cryptocurrency managed to reach $3.09 before dropping back to $3.06.

Having reached a new all-time high only last week, Cardano capitalised on a resurgence in the market to reach a new high.

The rise of the crypto asset was likely influenced by the announcement of the Alonzo testnet which is set to launch later this month.

The world’s second-largest cryptocurrency Ether is this week’s top gainer among the top 10.

The cryptocurrency of the Etheruem blockchain reached $3,800 in the early hours of Thursday, bringing weekly gains to over 20%.

ETH’s super run means that is now only $600 shy of its all-time of $4,400 attained in May.

Meanwhile, the market cap of cryptocurrencies currently stands at $2.24, up by 5.8% in the last 24 hours.

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