Cardano is one of the oldest coins in the crypto ecosystem. It was one of the most favorite coin of the traders from 2017 and has started catching attention of the traders from 2020-21 as well.
Cardano is a POS blockchain platform. It is the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies. The rising interest in cardano will soon start reflecting in ADA price.
Mary Hard Fork
The Mary hard fork for cardano is scheduled to occur on 1st of March 2021. After the hard fork, users will be able to define their own custom tokens through the multi-asset ledger, adding a new layer of functionality and utility to the Cardano blockchain.
More details about the hard fork can be found here.
Let us review ADA price.
ADA/USD Price Prediction
ADA broke above the resistance at $0.38 and has been on an impressive rally, by virtue of the Mary hard fork news. It is currently trading above the support zone of $0.95. As long as ADA is above this support zone, we could start seeing a move towards $1.26, $1.53, $1.98 and $2.70. Failure to hold the support at $0.95 could lead to a drop towards $0.81 and $0.68.
ADA is currently trading at $1.13 with a market cap of $36,320,669,229. Its 24 hour trading volume was $10,830,241,763.
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