A pump of over one billion doesn't sound logical to me, it's way too much money to be thrown into a pump. A pump is when a low capitalized coin is being pumped and not a billion dollar coin. The effort it takes to do that is something which justifies in itself that it's not a pump. What confuses me though is why anyone would invest in it. I mean yes, it does look great and it does emphasize the "great" team that is behind the project, all these people related to science etc. but what is it any different than other smart contracts platforms out there. I don't see the real reason why you should invest in it and therefore it's hard for me to justify how Cardano went from being no one to trading currently at a market capitlization of about three billion.
if a pump of 1 billion doesnt sound logical to you, go watch XRP and ETHEREUM pumps in history
it will become logical...
ADA is a 2 year project that is going to be huge
why wouldn't some rich people buy it all before it goes mainstream or something
Not to mention that bitcoin cash was very effectively manipulated and pumped in the last weeks and that's got a way way larger market cap. It's certainly not beyond the realms of possibility. I think Cardano gets a lot of support based on location, Japan is so favourable of cryptocurrencies that it's one of the safest investments as there's little to no chance of Japan doing a China and pulling the plug like they did with NEO.