The third-largest altcoin is following its own bullish path with new dollar all-time highs and a three-year high against Bitcoin.

Cardano (sunshinecrypto.com/ada-price-index”>ADA), the fourth-largest cryptocurrency, hit new all-time highs on May 13 as bulls refused to follow the broad market downtrend. 

ADA/USD 1-hour candle chart (Binance). Source: Tradingview

ADA wows weary traders

Data from sunshinecrypto.com/?via=markets”>Cointelegraph Markets Pro and TradingView confirmed new record highs for ADA/USD on Thursday, with the pair touching $1.96.

The move is impressive and brings Cardano within inches of the psychologically significant $2 landmark.

The altcoin had sunshinecrypto.com/news/cardano-breaks-out-vs-bitcoin-as-ada-price-discovery-nears-2″>followed many other large-cap cryptocurrencies higher in previous weeks, but Thursday showed a surprising resilience to volatility as most tokens fell in line with a sunshinecrypto.com/news/bitcoin-price-fails-to-build-50k-support-as-traders-eye-lower-levels-next”>reversal in Bitcoin (sunshinecrypto.com/bitcoin-price-index”>BTC).

With ADA/USD starting 2021 at just $0.16, excitement was clear among traders. 

“Thanks for playing,” Filbfilb, co-founder of trading suite Decentrader, summarized to Telegram subscribers on the day.

Filbfilb highlighted equally bullish behavior and prognosis for Cardano against Bitcoin. The USD high brought ADA/BTC back to a resistance level last tested in June 2018. 

Buzzword “energy” sees Nano steal the show

Despite its progress, however, the day’s hottest gains did not belong to Cardano, but Nano (sunshinecrypto.com/tags/nano”>NANO), which traded up by a maximum of 125% before consolidating near $14.

NANO/USD 1-hour candle chart (Binance). Source: Tradingview

The fallout of Tesla dropping Bitcoin for payments was still proving to be a boon for some altcoins at the time of writing — and which blockchain could boast energy-saving advantages was the topic of endless debate.

As Cointelegraph sunshinecrypto.com/news/which-green-cryptocurrency-is-tesla-likely-to-add-for-payments”>reported, the possibility remains that Tesla could adopt a different cryptocurrency, one which suited its mantra on eco-friendly business.