- Cardano (ADA) price soars over 38% in a week
- Cardano, the first blockchain to include peer-reviewed research.
- The upcoming Alonzo upgrade might be the reason for the price soar.
In August Crypto market is showing a bullish signal. Every day, each and individual cryptocurrency will not remain the same in price. All the cryptocurrencies having their pros and cons according to their upgrades and performances.
Accordingly, most of the cryptocurrencies were moving upwards at their price. Similarly, Cardano’s (ADA) price soar over 38% in a week.
Cardano is a public blockchain platform. Cardano facilitates peer-to-peer transactions with its internal cryptocurrency ADA. ADA coin is one of the top cryptos in the market. It is a proof-of-stake blockchain firm that explains it aims to allow changemakers, innovators, and visionaries to provide positive global change.
More so, Cardano has gained attention from international media as the first blockchain to include peer-reviewed research.
Current Market Status of ADA
According to Coinmarketcap, the trading price of Cardano (ADA) is $2.82, at
the time of writing. The trading volume of $8,079,227,901 for the past 24 hours and ADA has soared over 38% within a week. The current circulating supply is 32.13B ADA.
The above ADA price chart shows the bullish price over Cardano(ADA) for the last 24 hours. ADA has soared over 38% and they’re also more likely to reach more heights. Furthermore, Cardano can trade in cryptocurrency exchanges such as Binance, Tokocrypto, Hotcoin Global, OKEx, and CoinTiger.
Cardano Alonzo Upgrade
The upcoming Alonzo upgrade might be the reason for the price soar of Cardano. The biggest features stemming from Alonzo will be smart contracts and DeFi. The Head of Delivery & Project at Input Output (IOHK), Nigel Hemsley, has revealed the launch date of the Cardano Alonzo upgrade.
After the release of the launch date, Cardano Price was soaring tremendously. Moreover, we can expect more price soar in the forthcoming days.
Disclaimer: The opinion expressed in this article solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.