Cardano (ADA) has seen the excellent performance, as well as a lot of development in the last several months. The coin even managed to climb up to 6th place on the list of largest cryptos by market cap, showing that slow and steady wins the race. Its price finally started catching up, too, bringing the coin to a three-year high.
Cardano launches Mary: Another step in its ecosystem’s evolution
Cardano recently launched a Mary hard fork, which finally brought smart contract functionality to its testnet. The upgrade is expected to arrive on mainnet by the end of the month, but the excitement has already started, and it pushed the project’s price pretty high up.
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Of course, Cardano is still quite far away from its all-time high of $1.33, which it hit on January 4th, 2018.
But, it did grow to the height of $0.5632, and the last time it was this high was late January 2018. This makes ADA higher than it has ever been in the last three years.
Cardano price performance in 2021
Cardano has been mostly bullish in 2020, constantly seeing growth, accompanied by smaller fluctuations. The coin started with the price of $0.183 on January 1st, but it quickly started growing, which allowed it to hit $0.344 by January 7th.
After that, ADA saw a correction to $0.25, only to surge again and nearly reach a resistance at $0.4. It failed, and this level rejected its price again, sending it to lower $0.30s. The coin recovered slightly, and for a time, it traded sideways at $0.345.
This changed around February 1st, when the price suddenly shot up to $0.44, only to trade sideways for a few days, and then shoot up again to $0.55 earlier today. As a result, Cardano (ADA) climbed to its three-year high, while it is not exactly half-way to its ATH yet, it is not that far off, either.