Historical Data For Cardano Is On The Agenda: Is It Time To Get ADA?

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In recent weeks, Cardano (ADA) has been trending upwards as its price has increased with the number of projects added to the network.

However, based on historical data, the ADA price Hard ForkIt is possible to say that it rose before (or hardfork). Hard Fork for those who don’t know; A major change to a network’s protocol that allows previously invalid blocks and transactions to become valid (or vice versa).

cardano On March 26, Cardians shared a detailed assessment of how previous hard forks have affected the price. Accordingly, the first in July 2020 Shelley Before the Hard Fork, ADA increased by 500% and in March 2021 Maryincreased 1.100% before, latest alonzo update, it reached an all-time high of $3.10, up 135%.

So this means that many crypto traders will have Cardano launch in June 2022. Vasil Hard ForkThis led to the debate over whether he would have another rally before him.

Currently, Cardano is trading at $1.13, up 3.94% in the last 24 hours and a whopping 26.18% over the previous week, according to CoinMarketCap. It’s also worth mentioning that the largest Proof-of-Stake (PoS) asset has a total market cap of $37.9 billion and specifically Cardano’s market cap has registered more than $10 billion in just 7 days as of March 24.

After its last major update in September 2021, which includes the addition of smart contract capability, cardano network was able to perform faster than ever before.

Speculators will be on the alert for a rally set for June following the Vasil hard fork, which the Cardano team believes will significantly increase the platform’s trading volume as well as liquidity.

Finally, you can find the detailed analysis of Cardano (ADA) by popular trader Jason Pizzino here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.


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