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Cardano is one of the oldest coins in the crypto ecosystem. It was one of the most favorite coin of the traders from 2017 and has started catching attention of the traders from 2020-21 as well.

Cardano is a POS blockchain platform. It is the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies. The rising interest in cardano will soon start reflecting in ADA price.

Mary Hard Fork

The Mary hard fork for cardano is scheduled to occur on 1st of March 2021. After the hard fork, users will be able to define their own custom tokens through the multi-asset ledger, adding a new layer of functionality and utility to the Cardano blockchain.

mary hard fork

More details about the hard fork can be found here.

Let us review ADA price.

ADA/USD Price Prediction

ada

ADA broke above the resistance at $0.38 and has been on an impressive rally, by virtue of the Mary hard fork news. It is currently trading above the support zone of $0.95. As long as ADA is above this support zone, we could start seeing a move towards $1.26, $1.53, $1.98 and $2.70. Failure to hold the support at $0.95 could lead to a drop towards $0.81 and $0.68.

ADA is currently trading at $1.13 with a market cap of $36,320,669,229. Its 24 hour trading volume was $10,830,241,763.

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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

 

(Excerpt) Read more Here | 2021-02-27 15:10:33

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