News View Non-AMP

Cardano’s Big Partnerships Underway, Will It Fuel ADA Price to Hit $10?

Published by
Qadir AK

Cardano ecosystem is gaining much attention and adoption every new day. As per the research made by Outlier Ventures, lauded Cardano is the most developed ecosystem among 50 open-source networks. Moreover, Cardano is giving a tough time to Ethereum as a number of NFT platforms are switching over.  

One day after the launch of the Alonzo upgrade, Ethermobs was the NFT platform to switch over to Cardano blockchain. And the main reason behind the switch is Ethereum’s high gas fees. However, such premium gas fees are prohibitive to new or more niche platforms. 

Additionally, it takes very little time to switch to Cardano as IOHK has built an ERC-20 converter to easily bring over the projects.  With Cardano’s Alonzo upgrade welcoming 100 smart contracts in the first 24 hours, speculations heat up on ADA partnerships

The Crypto community is now awaiting the Cardano Summit that will kick off on September 25 and 26. Further speculations turned up with regards to deals that will impress the Cardano community base. Moreover, the community is expecting collaborations with reputed organisations, which could make a positive impact on the Cardano ecosystem. 

Also Read: Cardano Price to blast Out of Consolidation! Big Gains await for ADA Price

Amid Raising Bullish Sentiments, Reports Say ADA Price Could Surpass $10!

Though, Cardano’s smart contracts didn’t affect the price. ADA’s social trends and the ongoing strong consolidation phase is manifesting Cardano price to hit new milestones anytime soon. Reports from Santiment, a crypto metric platform, indicated that Social trends and other rising topics provided above include strong buy calls following the latest dip.

The present Cardano price consolidation phase is somewhat looking similar to November 2020 and January 2020. After which ADA price had massive gains. At the press time, Cardano is trading at $2.48 as the altcoin failed to find support at $2.65. ADA price has the strong potential to surpass $5 if it breaks at a resistance level of $3.10.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Stablecoins Associated with First Digital Trust (FDT) Temporarily Depegs as Justin Sun Warns of Company’s Insolvency

In a surprising turn of events, Justin Sun, a prominent figure within the Tron (TRX)…

April 2, 2025

Trump Tariffs Live: Bitcoin Price Rallies To $87000 On ‘Liberation Day’

Cryptocurrency markets are experiencing fluctuations as traders brace for President Donald Trump's "Liberation Day" announcement,…

April 2, 2025

Grayscale Announces Launch of Two New Bitcoin ETFs: Here’s What They Are

Grayscale, a leading crypto asset manager, has introduced two new Bitcoin ETFs, offering a fresh…

April 2, 2025

Remember This Name! Remittix Presale Becomes the Top Predicted of 2025 as Project Raises Almost $15M in Record Time

In a year marked by conservatism and a sentiment shift in crypto, one name is…

April 2, 2025

Has Elon Musk Forgotten About Dogecoin (DOGE)?

Particularly for Dogecoin (DOGE), Elon Musk, the billionaire entrepreneur CEO of Tesla and SpaceX, has…

April 2, 2025

Shiba Inu Drops 9%, but RUVI AI’s (RUVI) Token Might Be the Meme Coin Killer as Investors Rush to Claim their Bonus

The cryptocurrency market is no stranger to ups and downs, and this week, Shiba Inu…

April 2, 2025