#altscoins
Cardano (ADA) has joined the recent crypto market rally, surging 4.19% over the past 24 hours to trade at $0.5021.Data from IntoTheBlock shows that 1.94 million Cardano addresses, holding 55% of the circulating supply, are currently in profit.Despite optimism among investors, ADA faces major resistances on its path to reaching its previous all-time high of $3.10.

Cardano (ADA) has been riding the wave of the recent cryptocurrency market rally, which has been led by Bitcoin (BTC). As Bitcoin breached the $71,000 resistance level yesterday, ADA also experienced significant gains, with its price spiking from $0.4646 to a daily high of $0.5090.

Like most crypto assets, ADA saw a slight retracement, with a unit of the coin trading at $0.5021 in the hours leading up to press time. Despite this minor pullback, Cardano has still managed to surge 4.19% over the past 24 hours.