Cardano (AHI ESTA) received a fresh wave of optimism and buying volume on Feb. 26 that pushed the price of ADA to a new all-time high of $1.29, making Cardano the third-ranked cryptocurrency by market capitalization.
Data from Cointelegraph Markets and TradingView shows that ADA surged 27% desde un mínimo de $0.98 during the early trading hours on Feb. 26 to its new high at $1.29 on record trading volume.
Momentum for the project has been building throughout the month of February following the integration of the Mary upgrade to Cardano’s testnet on Feb. 3. The upgrade enables smart contract functionality, helping transform the blockchain into a multiasset network similar to Ethereum (ETH).
Mary’s mainnet launch date revealed
The latest rise in price coincided with Cardano founder Charles Hoskinson posting the following tweet, indicating Mary would be live on the mainnet at the beginning of the next epoch on March 1:
Ladies and Gentlemen, the rocket is in the air. Mary will reach orbit in one epoch: https://t.co/7D9WTH68iw welcome to the Mary era: “I was benevolent and good; misery made me a fiend. Make me happy, and I shall again be virtuous.”
- Charles Hoskinson (@IOHK_Charles) febrero 24, 2021
ADA briefly spiked to $1.17 following the announcement before pressures in the broader cryptocurrency market pushed it back below the $1.00 level on Feb. 25.
Después de eso, the trading volume for Cardano has surged to a new record of $12.8 mil millones, helping elevate ADA to a new all-time high. The open interest for ADA futures also rose to $580 millón, surpassing Litecoin (LTC) to become the third-largest derivatives market.
Según datos de Cointelegraph Markets Pro, mientras tanto, market conditions for ADA have been favorable for some time.
Los VORTECS™ puntaje, exclusivo de Cointelegraph, es una comparación algorítmica de las condiciones históricas y actuales del mercado derivadas de una combinación de puntos de datos que incluyen el sentimiento del mercado, volumen de comercio, movimientos recientes de precios y actividad de Twitter.
Como se ve en la tabla de arriba, los VORTECS™ score for ADA reached a high of 79 el feb. 25, alrededor 24 hours before the price began to spike 27% a un nuevo récord histórico.
Smart contract functionality is the key component of the Mary upgrade and is expected to usher in a new era of functionality for the Cardano ecosystem. Once integrated, decentralized finance applications will be able to operate on the network and provide an outlet for users who are looking to escape high gas fees on the Ethereum network.
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