Sentifi, an alternative data analysis company, published some new data on the reach of the Cardano crypto project on social media platforms.
Sentifi does not only produce analyses of crypto projects but also of stocks and indices with over 150,000 active and passive funds.
After the cryptocurrency attracted the most attention on social media at the beginning of February, Cardano again received the largest number of posts, news and likes with 36% of shares.
Among the most talked-about cryptocurrencies on social media are Litecoin and Stellar with 52 and 40 points respectively.
Cardano king not only on social media
As far as Google Trends data is concerned, Cardano seems to have been very popular over the last 30 days, and on February 27th it even reached the number of searches for its rival Ethereum, which are usually much higher.
This record is found in Google searches in both the US and Italy. In fact, the price of the ADA crypto at the end of February had risen quite a bit, reaching its all-time high of $1.48 on the 27th. Currently, however, the cryptocurrency stands at $1.20, with a descent of about 2% in the last 24 hours, according to CoinMarketCap data.
It is a well-known fact that when a cryptocurrency goes up in value, searches go up on Google and vice versa; the same can be said for Bitcoin and so we see that Cardano is no different.
The Cardano fork
Meanwhile, one of the reasons that perhaps pushed up the price of ADA is the recent hard fork that took place on March 2nd, 2021.
This update, called Mary, kicked off the multi-asset era on Cardano.
In fact, despite the fact that the Cardano project expressly wants to be a competitor of Ethereum, until now it did not give the possibility to create new tokens, which from now on will be possible and perhaps we will see new ICOs on this blockchain.