Cardano’s ADA Value rises as developers recommended it to Tesla especially now since Elon Musk halted BTC payments for car purchases, so let’s read more in our latest Cardano ADA news today.
The price of Cardano spiked to a new all-time high of $1.96 after the Cardano foundation with the non-profit organization behind the crypto asking Musk to “get your people to talk to our people.” The foundation brought up a few bullet points comparing itself to Tesla and the organization suggested that both companies relied on the four main elephants as their bedding which are unique solutions, sustainability, scalability, and the engineers behind the project.
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk) May 12, 2021
Shortly after the threat was posted, ADA’s price skyrocketed to $1.96 which is a new all-time high so far in the bearish trend on the market as per the crypto metrics platform CoinGecko. ADA scaled down to $1.80 which is up by 4.5% from a day ago and the price spike also pushed the market cap to nearly $60 billion allowing it to replace DOGE as the 4th biggest cryptocurrency. Tesla’s CEO Elon Musk recently dissed BTC due to environmental concerns and as a result, Tesla suspended BTC payments for its electric cars a few months after enabling them. The company stated:
“We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.”
Cardano x Tesla: An obvious match? 🤔
— Cardano Foundation (@CardanoStiftung) May 13, 2021
Musk even launched a Twitter poll two days ago, asking whether his 54 million followers want Tesla to accept DOGE but to be fair, Musk acknowledged that DOGE is a hustle during the latest SNL episode. Since the niche of Elon Musk pet token, it is becoming vacant again which is why Cardano’s Foundation decided to capitalize on the commotion. Cardano’s ADA value rises and it looks that its efforts are bearing the fruits so far.
As reported, Cardano makes a new all-time high and surged on Sunday, and brought the smart contracts platform back in the green territory while surpassing Tether in terms of market cap rankings. ADA charted 14% growth to reach $1.83 on major exchanges and marked a new ATH which was last seen hovering below the $1.80 after gaining 14% in one day, 31% on the week, and 47% in a month.
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