News View Non-AMP

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

Written by: Qadir AK

September 16, 2021

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

Will Bitcoin Be The Key For 30% Gains, Or Are Altcoins The Ideal Choice Amidst The FOMC’s Meet?

The crypto globe is fast approaching a major economic event which is expected to turn…

January 27, 2022

Bitcoin Price Eyeing a Huge Weekly Target of $43000, BTC Price To Hit This Level In Coming Week !

The crypto space seems to have adopted a notable recovery phase as the Bitcoin prices…

January 26, 2022

XRP Crashed Heavily Below $0.7, Fear of a Substantial Plunge Keep Buyers Away!

The crypto space witnessed extreme volatility since the beginning of the year 2022. The fight…

January 26, 2022

Axie Infinity (AXS) Price Manifest a Possibility of 30% Downswing as Buyers Fade Away

The NFT space is undergoing extreme price variations ever since the traders shifted their focus…

January 26, 2022

Bitcoin Price Eyeing One More Deep Correction ! Will BTC Price plunge Below $30k This Time ?

On Wednesday, all of the main cryptocurrencies saw strong gains. Last week, cryptocurrency prices plummeted,…

January 26, 2022

Will The Oncoming FOMC Meeting Be Detrimental For The Crypto Market’s Plunge To 45% By The End Of The Month?

The global crypto business has been ebbing in turbulence of the burdening market trends. While…

January 26, 2022