{"id":469440,"date":"2021-08-17T23:00:03","date_gmt":"2021-08-17T23:00:03","guid":{"rendered":"https:\/\/uniquehot.com\/?p=469440"},"modified":"2024-06-11T13:57:47","modified_gmt":"2024-06-11T13:57:47","slug":"cardano-steadies-above-2","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/cardano\/cardano-steadies-above-2\/","title":{"rendered":"Cardano (ADA) Steadies Above $2 As Bulls Continue To Aim For $2.5"},"content":{"rendered":"

Cardano (ADA) has shown no signs of slowing down as the asset\u2019s price continues to rally. The aim remains to hit a new all-time high before the year runs out. The previous all-time high for the asset is recorded at $2.45 and a price crashing saw the asset losing more than half of that value in the months following it. Then a bull rally had been triggered again in the market, which had set cryptocurrencies all across the market recording massive gains daily.<\/p>\n

Related Reading |\u00a0Bitcoin Dominance Down As Market Hits $2 Trillion, Altcoins Are Taking Over<\/a><\/strong><\/em><\/p>\n

Cardano (ADA) was not left out of this rally. The price had fallen down to the low $1 before the rally began. But as at the time of this writing, the asset had successfully gained back over 100% of its low price back in July. Its price climb has not come as much of a surprise to its community though. Work is currently ongoing on bringing smart contracts capability to the Cardano network. This would help position the project as a rival for the leading smart contracts platform, Ethereum.<\/p>\n

Related Reading |\u00a0Cardano (ADA) Breaks $2 For The First Time Since May, Why New All-Time High Is Imminent<\/a><\/strong><\/em><\/p>\n

Hitting the $2 had been more of the hurdle for the asset. Proving to be a resistance point in the run-up. But ADA had crossed that hurdle and now the price looks to have found its footing above $2, and now, the ever-moving target that is the price of digital assets has now been set for a new run-up towards $2.5 for the asset. Breaking the previous record all-time and setting a new one.<\/p>\n

Smart Contracts Set To Be Released<\/h2>\n

A possible push to get Cardano (ADA) towards the point bulls are aiming for will be the release of the smart contracts capability. It was announced<\/a> last Friday that the launch will take place on September 12, a month from the date of the announcement. This might be a short time frame but the project had been underway for a long time.<\/p>\n

Related Reading |\u00a0Cardano (ADA) Receives Approval To Be Listed In Japan<\/a><\/strong><\/em><\/p>\n

The announcement for the date of the mainnet launch pushed the price over $2. Since this provides a definite date for what the community had been waiting for – a way for Cardano to get into the DeFi space. With smart contracts, developers will be able to build decentralized apps (DApps) on the Cardano network to provide decentralized finance (DeFi) services to their users. And the DApp connector<\/a> released last month will act as a bridge between Cardano users and decentralized applications.<\/p>\n

As the date of the launch draws closer, investors are taking interest in the asset. Its relatively cheap price, despite being the third-largest cryptocurrency by market cap, makes it an interesting investment for investors who are looking for big returns.<\/p>\n

Road To Cardano (ADA) At $2.5<\/h2>\n

Price movements in cryptocurrencies have always been tricky. But they work like any other market, maintaining the laws of economics. Higher demand than supply will lead to a higher price. Cardano is poised to witness this in the price when the mainnet launch for smart contracts finally happens.<\/p>\n

\"Cardano<\/p>\n

ADA prices finds a landing point above $2 | Source: ADAUSD on TradingView.com<\/pre>\n
ADA has a total supply that is capped at 45,000,000,000. Of that number, over 71% is already in circulation. The dwindling supply and rising demand put ADA on a path to another rally.<\/p>\n
The price of ADA is currently holding steady above $2 with a price of $2.073. Signals show positive sentiment in the community as investors continue to hold on to their coins in wait for September 12th. With most of the circulating supply of ADA already staked ahead of the launch of the Alonzo Purple means to bring smart contracts capability to the network.<\/p>\n
Featured image from CryptoSlate, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Cardano (ADA) has shown no signs of slowing down as the asset\u2019s price continues to rally. The aim remains to hit a new all-time high before the year runs out. The previous all-time high for the asset is recorded at $2.45 and a price crashing saw the asset losing more than half of that value in the months following it. Then a bull rally had been triggered again in the market, which had set cryptocurrencies all across the market recording massive gains daily. Related Reading |\u00a0Bitcoin Dominance Down As Market Hits $2 Trillion, Altcoins Are Taking Over Cardano (ADA) was not left out of this rally. The price had fallen down to the low $1 before the rally began. But as at the time of this writing, the asset had successfully gained back over 100% of its low price back in July. Its price climb has not come as much of a surprise to its community though. Work is currently ongoing on bringing smart contracts capability to the Cardano network. This would help position the project as a rival for the leading smart contracts platform, Ethereum. Related Reading |\u00a0Cardano (ADA) Breaks $2 For The First Time Since May, Why New All-Time High Is Imminent Hitting the $2 had been more of the hurdle for the asset. Proving to be a resistance point in the run-up. But ADA had crossed that hurdle and now the price looks to have found its footing above $2, and now, the ever-moving target that is the price of digital assets has now been set for a new run-up towards $2.5 for the asset. Breaking the previous record all-time and setting a new one. Smart Contracts Set To Be Released A possible push to get Cardano (ADA) towards the point bulls are aiming for will be the release of the smart contracts capability. It was announced last Friday that the launch will take place on September 12, a month from the date of the announcement. This might be a short time frame but the project had been underway for a long time. Related Reading |\u00a0Cardano (ADA) Receives Approval To Be Listed In Japan The announcement for the date of the mainnet launch pushed the price over $2. Since this provides a definite date for what the community had been waiting for – a way for Cardano to get into the DeFi space. With smart contracts, developers will be able to build decentralized apps (DApps) on the Cardano network to provide decentralized finance (DeFi) services to their users. And the DApp connector released last month will act as a bridge between Cardano users and decentralized applications. As the date of the launch draws closer, investors are taking interest in the asset. Its relatively cheap price, despite being the third-largest cryptocurrency by market cap, makes it an interesting investment for investors who are looking for big returns. Road To Cardano (ADA) At $2.5 Price movements in cryptocurrencies have always been tricky. But they work like any other market, maintaining the laws of economics. Higher demand than supply will lead to a higher price. Cardano is poised to witness this in the price when the mainnet launch for smart contracts finally happens. ADA prices finds a landing point above $2 | Source: ADAUSD on TradingView.com ADA has a total supply that is capped at 45,000,000,000. Of that number, over 71% is already in circulation. The dwindling supply and rising demand put ADA on a path to another rally. The price of ADA is currently holding steady above $2 with a price of $2.073. Signals show positive sentiment in the community as investors continue to hold on to their coins in wait for September 12th. With most of the circulating supply of ADA already staked ahead of the launch of the Alonzo Purple means to bring smart contracts capability to the network. Featured image from CryptoSlate, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":469441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,14643,79508,12332,84044],"class_list":["post-469440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-adausd","tag-adausdt","tag-cardano","tag-cardano-smart-contracts"],"acf":[],"yoast_head":"\nCardano (ADA) Steadies Above $2 As Bulls Continue To Aim For $2.5<\/title>\n<meta name=\"description\" content=\"Cardano (ADA) has shown no signs of slowing down as the asset\u2019s price continues to rally. 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano (ADA) Steadies Above $2 As Bulls Continue To Aim For $2.5","url":"http:\/\/uniquehot.com\/news\/cardano\/cardano-steadies-above-2\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/cardano\/cardano-steadies-above-2\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/08\/cardano-1.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/08\/cardano-1.jpeg?fit=1200%2C630"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","adausd","adausdt","cardano","cardano smart contracts"],"dateCreated":"2021-08-17T23:00:03Z","datePublished":"2021-08-17T23:00:03Z","dateModified":"2024-06-11T13:57:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano (ADA) Steadies Above $2 As Bulls Continue To Aim For $2.5\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/cardano-steadies-above-2\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/cardano-steadies-above-2\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/cardano-1.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/cardano-1.jpeg?fit=1200%2C630\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"adausd\",\"adausdt\",\"cardano\",\"cardano smart contracts\"],\"dateCreated\":\"2021-08-17T23:00:03Z\",\"datePublished\":\"2021-08-17T23:00:03Z\",\"dateModified\":\"2024-06-11T13:57:47Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/08\/cardano-1.jpeg?fit=1200%2C630","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/469440"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=469440"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/469440\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/469441"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=469440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=469440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=469440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}