Cardano (ADA) continues 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. The $ 2 mark has thus been exceeded.
ADA had previously tested a new high a week ago. However, comments from Tesla CEO Elon Musk on the “rapidly increasing use of fossil fuels for bitcoin mining and transactions” sparked a market sell-off. ADA fell to a weekly low of $ 1.50 before continuing its rally towards another all-time high. The cryptocurrency is currently hovering above $ 2. With an impressive 25% increase over the past week. ADA had hit a new high eight days ago.
Crypto analyst Benjamin Cowen recently tweeted a poll asking his followers which crypto will become 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 to the top?
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 designed to implement secure smart contracts. The functions for Smart Contracts are based on the user-defined programming framework from Plutus.
In addition, Input-Output, Cardano’s parent company, has partnered with World Mobile Group. The partnership aims to provide affordable network nodes via the Cardano blockchain infrastructure. The African partnership enables citizens to secure copies of important documents via the blockchain.
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