The launch of Aiken is one of the reasons that explains this price increase.
As a result of a series of developments on the Cardano network, Cardano (ADA) price is making a big rally to the upside and breaking above important levels. ADA price increased 6% in a single day – and 15% in a week – after Aiken’s alpha releasethe programming language to facilitate the development of smart contracts on the Cardano network.
On Saturday, the price of Cardano (ADA) it reached a 24-hour high of $0.46.
Analysts forecast the ADA price to rise 40%, reaching $0.60. The next stop for ADA could be around $0.52, after which it could go higher towards $0.60.
Cardano whales are buying tons of ADA as cryptocurrency gears up for a breakthrough. The value of the ADA tokens added by this type of investors is 218 million dollars.
Besides, Cardano passed the 4 million wallet milestone at the end of March. Many see Cardano as an improved blockchain and believe that its advances are in line with those of Ethereum.
Keep reading:
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► El Salvador: they eliminate all taxes on technological innovations and create the Bitcoin Office
► The IMF points again against cryptocurrencies: “They are a threat”
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