Cardano (ADA) Hits New All-Time High of $2.51, Overtakes BNB From Third Position

Cardano (ADA) Hits New All-Time High of $2.51, Overtakes BNB From Third Position
  • Cardano (ADA) hit a new all-time high price reaching $2.5 today.
  • ADA holds third position on CoinMarketCap.

Today, Cardano (ADA) hit a new all-time high price reaching $2.52. Moreover, ADA overtakes Binance Coin (BNB) from its third position. According to CoinMarketCap, the ADA price is trading at $2.52 with a 24-hour trading volume of $9,882,891,580.

ADA/USDT Price Chart (Source: TradingView)

In fact, Cardano is a proof-of-stake blockchain firm that explains its aim is to enable changemakers, innovators, and visionaries to provide positive global change. Cardano was launched by Ethereum co-founder Charles Hoskinson in 2017. In addition, the platform aims to directly compete with Ethereum and other DApps platforms as a more secure, scalable, and efficient alternative.

In detail, the Alonzo upgrade is providing a huge impact on the investor’s mind. Furthermore, the upgrade seeks to usher in the functionality of smart-contract and address the critics that are explained as one of the most glaring deficiencies of the network. The upgrade will happen on October 1, even though few bet that it will be released later. 

Notably, Cardano has traveled along with many phases of development. As per the Cardano roadmap, once the project enters the Goguen era, smart contracts will go live. In detail, smart contracts have been a revolutionary strength in the industry of blockchain. This is because they have enabled the development of DeFi protocols, non-fungible tokens (NFTs). Also, a new way of carrying out trades without the agent’s need.

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Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.