Last week, the cryptocurrency that attracted the most attention on social media was Cardano (ADA).
In reality, Cardano is the name of the project, and the network, while its native cryptocurrency is called ADA, but the name Cardano is often used for both.
According to Sentifi’s analysis, in the past week, the cryptocurrency that got the most attention on social media was Cardano.
In fact, it scored the highest on the so-called “attention buzz” parameter, as high as 89%. The other cryptocurrencies are far behind.
It should be noted that in the last 7 days the price of ADA has practically doubled, seeing that until February 4th it more or less hovered around $0.4, while in the following days it even came to exceed $0.8.
Despite this, however, it is not its all-time high, which turns out to be still a little bit far away.
In fact, on January 4th, 2018, it touched $1.33, then collapsed to $0.15 in April of the same year, and actually fell below $0.03 in December 2018.
Since then, the price has struggled extremely hard to climb back up, so much so that it even fell below the $0.03 mark in March 2020.
The price of Cardano attracted attention on social media
Things started to change in May 2020, when the price started to climb back towards $0.08.
By July it had recovered back to $0.15, while by December 2020 it had risen to $0.18.
Since then it started a real boom, divided into two moments: in January it rose up to 0.40$, while yesterday it exceeded 0.80$.
In other words, since December it has gained 350%.
This explains why the attention of social media is focusing on this cryptocurrency, although in terms of the so-called “sentiment score” it has been overtaken by Tron (TRX). However, the latter appears to have practically no “attention buzz”, so it does not stand up to comparison with Cardano.
XRP, Stellar (XLM) and EOS also performed well on social media in the last week.