Cardano (ADA) Cracks New $2.5 All-Time High, Is $3 Possible?

Cardano (ADA) has successfully broken its previous all-time high to set a new one able $2.5. The price movement of the coin has been a tremendous one. ADA’s price has grown over 100% for the past month to settle at a new all-time high. Although the road here has been bumpy, it has been an interesting one. Both individual and institutional interest in the digital asset has in the past months. Money flowing into the asset has seen a significant uptick in the momentum of the coin. ADA price had crashed down from its all-time high back in May by over 100%, resting in the low $1 by the time the crash had run its course. But significant improvements in the network have seen renewed interest in the asset. Hence the reason for the current uptrend in the price. Related Reading | Cardano (ADA) Steadies Above $2 As Bulls Continue To Aim For $2.5 The break of the new all-time high has put Cardano (ADA) in the third position for the largest cryptocurrencies by market cap. Kicking out Binance native BNB to clinch the spot. The price rallies ahead of top projects like Bitcoin and Ethereum, hitting a new all-time high before any of these assets. Significant daily gains in the price have been the norm since the team announced that smart contracts would be coming to the network in September. Less than a month away. Why Smart Contracts Are Important The value that smart contracts will bring to the Cardano ecosystem cannot be overemphasized....