Cardano (ADA) continues its bullish momentum: a new all-time high at $ 2.20.
After a turbulent week of volatility in the market, ADA hit a new all-time high over the weekend. So it was the $ 2 mark exceeded.
ADA had tested a new high a week ago. Comments from Elon Musk, CEO of Tesla, on “The rapidly increasing use of fossil fuels for Bitcoin Mining and Transactions ”triggered a market sell-off. ADA previously fell to a weekly low of $ 1.50 continuing its rally towards another all-time high. The Cryptocurrency is currently over $ 2. With an impressive 25% increase over the past week. ADA had hit a new high for eight days in front.
Crypto analyst Benjamin Cowen recently tweeted a poll asking followers which crypto will be the third coin with a market cap of $ 200 billion. Surprisingly, ADA was currently the favorite in the ratings from BNB, DOGE and XRP. With a full 10,000 votes, ADA led the poll with 57% of the vote. BNB takes second place with 24%.
Cardano on the way up?
Cardano recently announced that it would launch the Alonzo fork in May. With the announcement, the Goguen era of Cardano’s roadmap is fulfilled. The upgrade is used to implement secure smart contracts. The functions for smart contracts are based on the custom programming framework from Plutus.
In addition, input-output, Cardano Parent company, has partnered with World Mobile Group. The partnership aims to provide affordable network nodes through the Cardano Blockchain Infrastructure. The African The partnership enables citizens to secure copies of important documents over the Internet Blockchain.
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