{"id":469731,"date":"2021-08-20T17:00:05","date_gmt":"2021-08-20T17:00:05","guid":{"rendered":"https:\/\/uniquehot.com\/?p=469731"},"modified":"2024-06-11T13:57:52","modified_gmt":"2024-06-11T13:57:52","slug":"cardano-ada-cracks-new-all-time-high","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/cardano\/cardano-ada-cracks-new-all-time-high\/","title":{"rendered":"Cardano (ADA) Cracks New $2.5 All-Time High, Is $3 Possible?"},"content":{"rendered":"

Cardano (ADA) has successfully broken its previous all-time high to set a new one able $2.5. The price movement of the coin has been a tremendous one. ADA\u2019s price has grown over 100% for the past month to settle at a new all-time high. Although the road here has been bumpy, it has been an interesting one. Both individual and institutional interest in the digital asset has in the past months.<\/p>\n

Money flowing into the asset has seen a significant uptick in the momentum of the coin. ADA price had crashed down from its all-time high back in May by over 100%, resting in the low $1 by the time the crash had run its course. But significant improvements in the network have seen renewed interest in the asset. Hence the reason for the current uptrend in the price.<\/p>\n

Related Reading |\u00a0Cardano (ADA) Steadies Above $2 As Bulls Continue To Aim For $2.5<\/a><\/strong><\/em><\/p>\n

The break of the new all-time high has put Cardano (ADA) in the third position for the largest cryptocurrencies by market cap. Kicking out Binance native BNB to clinch the spot. The price rallies ahead of top projects like Bitcoin and Ethereum, hitting a new all-time high before any of these assets. Significant daily gains in the price have been the norm since the team announced that smart contracts would be coming to the network in September. Less than a month away.<\/p>\n

Why Smart Contracts Are Important<\/h2>\n

The value that smart contracts will bring to the Cardano ecosystem cannot be overemphasized. This will give the network significant value in its use cases when it comes to things like decentralized finance. Smart contracts on the network will allow developers to build decentralized apps (DApps) in order to bring DeFi services to users on the Cardano network.<\/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

Smart contracts capability will put Cardano in a position to be able to compete with its biggest rival; Ethereum. With smart contracts, not only will decentralized finance be coming to the Cardano ecosystem, things like NFTs can be minted on the network. And with Cardano\u2019s fee structure, for significantly less than NFTs are currently being minted on the Ethereum network.<\/p>\n

Most of the upgrades required have already been carried out for the support of smart contracts. Upgrades like Alonzo Blue and Alonzo White have been launched and working successfully. What remains now is the Alonzo Purple upgrade, the final hard fork that will bring smart contracts to the network. And according to the developer behind the project, the hard fork has a September 12th target date for the launch.<\/p>\n

Cardano (ADA) Headed To $3?<\/h2>\n

Cardano\u2019s (ADA) all-time high break does not signal an end to the rally. If anything, the break while top cryptocurrencies are still making their way towards previous highs indicates that the price is set to continue this breakout. With the renewed interest in the crypto market, the price of ADA is set to continue its upward climb.<\/p>\n

\"Cardano<\/p>\n

ADA price breaks new all-time high | Source: ADAUSD on TradingView.com<\/a><\/pre>\n
Dip and recovery patterns show strong resistance to the bears. Pulling upwards after every slight dip complete control of the market by the bulls. Each surge now sees the price breaking previous records, making this a continuous bull run. As anticipation builds towards the Alonzo Purple launch, interest in the asset will continue to see the price of Cardano (ADA) move.<\/p>\n
ADA is currently trading at an all-time high price of $2.565 as at the time of this writing, up 23% in the last 24 hours. While the market cap has clenched 3rd place at $82.4 billion. Trading volume is up over 100% at $10.8 million.<\/p>\n
Featured image from Coingape, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Cardano (ADA) has successfully broken its previous all-time high to set a new one able $2.5. The price movement of the coin has been a tremendous one. ADA\u2019s price has grown over 100% for the past month to settle at a new all-time high. Although the road here has been bumpy, it has been an interesting one. Both individual and institutional interest in the digital asset has in the past months. Money flowing into the asset has seen a significant uptick in the momentum of the coin. ADA price had crashed down from its all-time high back in May by over 100%, resting in the low $1 by the time the crash had run its course. But significant improvements in the network have seen renewed interest in the asset. Hence the reason for the current uptrend in the price. Related Reading |\u00a0Cardano (ADA) Steadies Above $2 As Bulls Continue To Aim For $2.5 The break of the new all-time high has put Cardano (ADA) in the third position for the largest cryptocurrencies by market cap. Kicking out Binance native BNB to clinch the spot. The price rallies ahead of top projects like Bitcoin and Ethereum, hitting a new all-time high before any of these assets. Significant daily gains in the price have been the norm since the team announced that smart contracts would be coming to the network in September. Less than a month away. Why Smart Contracts Are Important The value that smart contracts will bring to the Cardano ecosystem cannot be overemphasized. This will give the network significant value in its use cases when it comes to things like decentralized finance. Smart contracts on the network will allow developers to build decentralized apps (DApps) in order to bring DeFi services to users on the Cardano network. Related Reading |\u00a0Cardano (ADA) Breaks $2 For The First Time Since May, Why New All-Time High Is Imminent Smart contracts capability will put Cardano in a position to be able to compete with its biggest rival; Ethereum. With smart contracts, not only will decentralized finance be coming to the Cardano ecosystem, things like NFTs can be minted on the network. And with Cardano\u2019s fee structure, for significantly less than NFTs are currently being minted on the Ethereum network. Most of the upgrades required have already been carried out for the support of smart contracts. Upgrades like Alonzo Blue and Alonzo White have been launched and working successfully. What remains now is the Alonzo Purple upgrade, the final hard fork that will bring smart contracts to the network. And according to the developer behind the project, the hard fork has a September 12th target date for the launch. Cardano (ADA) Headed To $3? Cardano\u2019s (ADA) all-time high break does not signal an end to the rally. If anything, the break while top cryptocurrencies are still making their way towards previous highs indicates that the price is set to continue this breakout. With the renewed interest in the crypto market, the price of ADA is set to continue its upward climb. ADA price breaks new all-time high | Source: ADAUSD on TradingView.com Dip and recovery patterns show strong resistance to the bears. Pulling upwards after every slight dip complete control of the market by the bulls. Each surge now sees the price breaking previous records, making this a continuous bull run. As anticipation builds towards the Alonzo Purple launch, interest in the asset will continue to see the price of Cardano (ADA) move. ADA is currently trading at an all-time high price of $2.565 as at the time of this writing, up 23% in the last 24 hours. While the market cap has clenched 3rd place at $82.4 billion. Trading volume is up over 100% at $10.8 million. Featured image from Coingape, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":469735,"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":[12333,84005,14643,79508,12332,12329],"class_list":["post-469731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-ada-price","tag-adausd","tag-adausdt","tag-cardano","tag-cardano-price"],"acf":[],"yoast_head":"\nCardano (ADA) Cracks New $2.5 All-Time High, Is $3 Possible?<\/title>\n<meta name=\"description\" content=\"Cardano (ADA) has successfully broken its previous all-time high to set a new one able $2.5. 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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) Cracks New $2.5 All-Time High, Is $3 Possible?","url":"http:\/\/uniquehot.com\/news\/cardano\/cardano-ada-cracks-new-all-time-high\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/cardano\/cardano-ada-cracks-new-all-time-high\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/08\/cardano-2.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/08\/cardano-2.jpeg?fit=1024%2C512"},"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","ada price","adausd","adausdt","cardano","cardano price"],"dateCreated":"2021-08-20T17:00:05Z","datePublished":"2021-08-20T17:00:05Z","dateModified":"2024-06-11T13:57:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano (ADA) Cracks New $2.5 All-Time High, Is $3 Possible?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/cardano-ada-cracks-new-all-time-high\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/cardano-ada-cracks-new-all-time-high\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/cardano-2.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/cardano-2.jpeg?fit=1024%2C512\"},\"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\",\"ada price\",\"adausd\",\"adausdt\",\"cardano\",\"cardano price\"],\"dateCreated\":\"2021-08-20T17:00:05Z\",\"datePublished\":\"2021-08-20T17:00:05Z\",\"dateModified\":\"2024-06-11T13:57:52Z\"}<\/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-2.jpeg?fit=1024%2C512","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/469731"}],"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=469731"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/469731\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/469735"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=469731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=469731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=469731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}