Cardano’s ADA token surged to new all-time highs on Sep. 2 as an altcoin comeback gripped cryptocurrency markets.
ADA/USD 1-day candle chart (Binance). Source: TradingViewCardano joins Ethereum in serious gains
Having shown strength for multiple weeks, Cardano benefited from a broader altcoin resurgence after attempting to hit the $3 mark throughout the second half of August.
The move coincided with the launch of the Cardano Alonzo testnet, ahead of a mainnet debut later this month.
At the time of writing, ADA/USD remained above $3 while taking a break at $3.066 on Binance.
ETH/USD traded at almost $3,800 Thursday, around $600 short of its historic all-time highs seen in mid-May.
ETH/USD 1-day candle chart (Bitstamp). Source: TradingViewStars align for a crypto bull run
ETH had begun the upwards moves for altcoins, which originally came about