Cardano's ada, the world's fourth-largest cryptocurrency, is the most valuable token that analysts ... [+] are homing in on after the eccentric Musk’s big bitcoin pivot. gettyKey FactsThe only top-ten cryptocurrency rising Thursday, Cardano’s ada token hit its latest high of $1.96 around noon EDT, catapulting its market capitalization to roughly $61.5 billion. Cardano founder Charles Hoskinson, also an Ethereum cofounder, responded to Musk Thursday, tweeting: “Are we finally going to have the Cardano conversation? Announced in December, the investigation briefly wiped out more than half of the token’s market value before cryptocurrencies started soaring again. Further ReadingBill Gates Sounds Alarm On Bitcoin's Energy Consumption–Here's Why Crypto Is Bad For Climate Change (Forbes)

Source: Forbes May 13, 2021 16:52 UTC