Cardano (ADA) Hits a New All-Time High Surpassing $2

by in Cryptocurrency News

ADA above $2

The native token of the Cardano blockchain ADA has seen over a 12% increase during the previous 24 hours and hit a new all-time high of $2.18. Currently, ADA ranks 4th by market cap, which stands at about $66.8 billion. The new record has taken place at a time when many cryptocurrencies see price declines.

Related: Cardano Network Partners with Tanzania

The Cardano environment continues to develop. Soon, Alonzo testnet will be launched which will optimize smart contracts making them more convenient for businesses. Alonzo is a part of Cardano's roadmap, which aims to bring more scalable, multifunctional, and sustainable options for real-world apps.

Along with the system improvement, Cardano also expands its services worldwide.

In late April, Input Output (IOHK), the team that founded the blockchain announced a partnership with the Ethiopian Government to build a blockchain-based system to track educational progress among students