Legendary trader Peter Brandt, a staunch Bitcoin supporter seems bullish about Cardano blockchain's native crypto asset, ADA, and simply <a href="https://twitter.com/PeterLBrandt/status/1390434216781910017" target="_blank" rel="nofollow noopener">said</a> “pump, pump… pump”. The cryptocurrency recently touched a new all-time high yesterday and continues its newfound bullish momentum.
<h2><strong><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">Pump Pump Pump</span> ADA! Peter Brandt Supports Cardano</strong></h2>
Veteran Peter Brandt <a href="https://www.cryptoknowmics.com/news/new-white-house-may-have-undesirable-effects-on-crypto-space-peter-brandt/">takes</a> to Twitter to tweet on Cardano's native coin, ADA, saying:

<em>Pump, pump… pump Cardano (ADA)!</em>

His tweet consisted of two pictures, one with an image of a driver with a tire that apparently has gone slightly flat and needs to be pumped up.

The second image posted in the tweet is an ADA/USD chart, on which the<a href="https://www.cryptoknowmics.com/news/cardano-ada-records-its-highest-daily-close-ever/"> seventh major cryptocurrency</a>, from Cardano, is trading horizontally sideways, making attempts to rise but then dropping again.

https://twitter.com/PeterLBrandt/status/1390434216781910017

Brandt responded to a follower’s question as to whether this should be considered as a bullish or bearish situation by saying that these rectangles tend to persist in numerous situations.
<h2><strong>ADA Continues Its Bullish Momentum</strong></h2>
ADA is among the various altcoins that got a massive boost in 2021. The cryptocurrency’s performance this year has been nothing short of stellar.

ADA started this year out at only about 17 cents before making its climb above $1 per token in February. Since then it has continued to rise since then and is currently up 793.6% since the start of the year.

The cryptocurrency saw major gains on May 7 that pushed the cryptocurrency to a new all-time high of $1.74 per token.

Recent business partnerships are believed to be contributing factors to this bull run. Last month, an announcement was made that the <a href="https://www.cryptoknowmics.com/news/cardano-holders-can-now-stake-their-ada-on-kraken-exchange/">Cardano blockchain</a> would be partnering with the Ethiopian government to digitize the country’s education sector.

Apparently, the blockchain company will use its identity solution Atala PRISM in thousands of schools across Africa’s second most populated country. If successful, this will be the world’s largest blockchain database system.

Veteran Trader Peter Brandt is Bullish on Cardano (ADA)

Legendary trader Peter Brandt, a staunch Bitcoin supporter seems bullish about Cardano blockchain's native crypto asset, ADA.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Veteran Trader Peter Brandt is Bullish on Cardano (ADA)

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