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Date:
11th Feb 2021
Author:
Dalmas Ngetich, for CryptoAltum News Team

Cardano (ADA) Price Soaring, Buyers Targeting $1

The Cardano price (ADA) is one of the top performers in the top-10, competing with BNB. On the last day, the coin soared over 95 percent, breaking above $0.90 to register a new 2021 highs. At spot rates, the ADA price is also a few cents away from reaching its all-time highs of $1.32. The coin's moonshot is amid the platform's plans to roll out more features at the end of the month as they prepare for smart contracting in the next few weeks. Even so, there will be three more development milestones to be met before Cardano is active and competing with Ethereum.


Details: 

The Cardano price is on a tear, crossing above several resistance levels, soaring on solid fundamentals expectations. In two weeks, the network will activate the native assets, enabling projects to launch tokens on the platform. Additionally, Cardano is decentralizing, giving power to stake pools. More than 700 unique Cardano staking pools make it one of the most decentralized smart contracting platforms following the launch of Shelley in Q3 2020. Beyond native assets activation and increased activity in Cardano, their team will release the Mary HFC in preparation for Goguen. All this combines to pump ADA prices to new all-time highs.


Impact on the ADA Price: 

Bullish. The approach by Cardano and their goal of revamping smart contracting are accelerants that may pump ADA prices above $1.3 to new all-time highs at the end of the year.


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