By Solomon Odunayo
A well-followed YouTuber with over 1.5 million subscribers, Meet Kelvin, who covers news about the stock market, politics, taxes, and Real Estate, recommended Cardano (ADA) for investors and traders in one of his popular videos centered on market analysis.
The new development was reported in the Cardano subreddit by a user with the username u/maxjmnz. The report has since garnered over 1200 upvotes in the ever-growing subreddit, indicating the community members’ interest in seeing Cardano (ADA) becoming a household name in the financial world.
Read Also: Important Factors That Will Contribute to the Success of Cardano (ADA) in Africa
In the video, the popular YouTuber sounded positive about the subsequent price trend of Cardano (ADA), the sixth-largest cryptocurrency by market cap.
Cardano (ADA) Subrredit Hits 400,000 Subscribers
Cardano blockchain has generally been experiencing boosts since the start of the year. How the major growths started emanating for Cardano (ADA) this year has subjected 2020 and its successes to a mere preparation for notable developments.
Read Also: Analyst Who Called $3,400 for Ethereum (ETH) Says $10,000 Is Next before the End of 2021
Cardano has maintained a steady increase in global exposure and the price of the digital token ADA has not recorded any detrimental pullback since the beginning of the bull cycle.
Also, there has been a vast increase in the number of Cardano’s followers and subscribers across all social media, especially Reddit, where r/Cardano recently hit 400,000 subscribers.
On 1st April 2021, Herald Sheets reported that r/Cardano has hit 300,000 subscribers. This implies that it took the subreddit relatively 42 days to increase by 100,000 subscribers.
According to frontpagemetrics, r/Cardano currently occupies 1112th position in terms of Subreddit ranking, with about 405,000 subscribers.
Cardano (ADA) Holding above $1.70 Resistance
Cardano (ADA) is now holding above $1.70 resistance level after a long sideways trend around $1.24. Investors and traders are now being optimistic to see higher prices.
At the time of writing, ADA is trading at $1.75, with a 0.17 percent price increase in the last 24 hours.
Follow us on Twitter, Facebook, Telegram, and Download Our Android App