Cardano (ADA) Went up to $1 for the First Time Since 2018

by in Cryptocurrency News

Cardano $1

Decentralized public blockchain Cardano's native token ADA has surpassed $1 for the second time ever. The first time dates back to January 2018, when the price reached $1.40.

Related: Cardano cap has doubled since February and reached $ 28B

This year there has been a bullish trend for the cryptocurrency. Since February it was up by 200%. At the moment, ADA trades at $1.06 with a market cap of $32 Billion.

The Cardano network has been developing.

Recently the founder of the network Charles Hoskinson disclosed the release date for the Cardano Mary hard fork update planned to go live on March 1. The combinator joins protocols, which allows a system transformation without any breaks. "Mary" makes it possible for different versions to be displayed under one ledger.

The update will turn Cordano into a multi-asset blockchain, allowing users to create and use custom tokens for exchanges on its network. The changes will also completely unlock Cardano’s smart contract functionality.