Cardano Reaches an All-Time High of $2.55

ADA, the cryptocurrency of proof-of-stake Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term platform Cardano, touched an all-time high of $2.55 on Friday after a significant jump of more than 17% in the last 24 hours.

The latest data published by Coinmarketcap shows that ADA now has a total market cap of more than $80 billion, which makes it the third most valuable digital currency in the world. Cardano is now more valuable than Binance Coin (BNB), Tether (USDT), XRP and Dogecoin.

The price of the world’s 3rd most valuable cryptocurrency has increased by approximately 100% since the start of August. Cardano has remained the best-performing digital asset among the top 5 in the last seven days with significant gains of more than 22%.

“Cardano just scraped within a single cent of its $2.46 All-Time High, seeing resistance as it reached the $2.45 just 15 minutes ago. Regardless, the +15% price pump is a welcome sight, & enough to propel it to be the top asset on Emerging Trends,” the crypto Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term firm, Santiment mentioned on Twitter today.

The latest jump in Cardano came nearly 24 hours after cryptocurrency Solana crossed the market cap of $20 billion and touched an all-time high of nearly $80. In addition to Cardano and Solana, cryptocurrency LUNA touched an all-time high of $31.49 yesterday. The latest rally in altcoins is causing a sharp increase in the overall market cap of digital currencies.

Adoption of Cardano

Cardano saw a substantial increase in retail demand in the last few weeks. But, one of the main drivers of the latest rally is the institutional interest in the world’s third-largest digital asset. According to the weekly digital asset fund flows report published by CoinShares, Cardano-related investment products attracted nearly $1.3 million worth of inflows last week, compared to $22 million worth of outflows from BTC investment products and $1.1 million worth of outflows from Ethereum investment products.

Cardano is currently trading near $2.50 with a market cap of $81 billion.