Cardano (ADA) renews highs
Cryptocurrency Cardano (ADA) renews its all-time high, gaining ground above $ 2.95
Aug 24, 2021
1 min read
Anna BakkerNews analyzer

In August, the third cryptocurrency added 120% in value due to the expectations of smart contracts.

The blockchain update is approaching and this is strongly stimulating the growth of Cardano. The Alonzo hard fork is scheduled for September 12th. As a result, the Cardano blockchain will receive the long-awaited support for smart contracts and the ability to create decentralized applications (DeFi).

An additional stimulus for growth is the upcoming listing of ADA on the Japanese Bitpoint exchange on August 25. It is worth noting that it is currently quite difficult to list any cryptocurrency on Japanese exchanges due to the strict regulation of this region.

Experts expect Cardano (ADA) to grow to at least $ 3.0, which is quite realistic, given the increased hype among investors.

The popularity of this cryptocurrency has also reached the American market. A survey by the crypto exchange Gemini showed that about 40% of investors have invested in ADA.

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According to the Cardano roadmap, at least three Fortune 500 companies will use Cardano's cryptocurrency by 2026, there will be 50 banks with the Cardano Foundation, and the ecosystem's user base is planned to grow to 1 billion.

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