Price Analysis

ADA Price smashes $3! Cardano on track for Sept 12, Massive gains ahead?

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The crypto market today looks merry with most of the top coins printing great gains. The flagship crypto is inching towards $50K, ETH is on its way to break $4K. Not to forget, BNB, XRP, DOGE too are propelling at the moment.

Joining the bandwagon is Cardano. ADA price this morning has smashed through $3. The token touched $3.02 making it a new all-time high.

This accounts for a massive 10% surge.

In the previous 24 hours, Cardano has traded in a range of $2.836796 to $3.026047 according to Coingecko.

Cardano’s market cap increased to $96.127679B, or 4.32 percent of the overall market cap, as a result of the upward movement. Cardano’s market capitalization peaked at $94.116713B.

Also Read : Will Cardano Price Fall For ‘Buy the Rumour, Sell the News’? What the Future Holds for ADA!

ADA predicted to hit $4 now!

Following Cardano’s impressive rally, the crypto Twitter is making ambitious predictions for ADA. A popular analyst said, that we are entering the second phase of this super bull cycle. Considering this, it is safe to conclude ADA is in for more gains in future.

Analyst Benjamin Cowen is calling for ADA to $4 too. He states the glory of Cardano as he says, it started at pennies, now its at $3.

Analyst Crypto Kaleo too expressed ecstasy over ADA’s rally.

Cardano on Track for Sept 12!

Cardano’s research and development arm Input Output HK put a tweet regarding network upgrade.

The company notified that the Cardano testenet now supports Plutus. Final testing and integrations are the next steps. From now on, SPO’s will upgrade their mainnet. 

The launch of smart contracts on the network, scheduled on September 12 is still on track, the company said.

With Cardano finally being smart contract compatible in 10 more days, ADA can be expected to surge higher and make a new ATH soon.

Also Read : Smart Contracts Ready to Launch, Is Cardano Price Massive Rally On Horizon?

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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