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Cardano (ADA) price rallies 139% following smart contract implementation

Published 02/08/2021, 02:58 PM
Updated 02/09/2021, 05:40 AM
Cardano (ADA) price rallies 139% following smart contract implementation

Cardano’s (ADA) price has increased 100% since Feb. 1 as social media engagement and excitement about the addition of smart contract functionality is propelling ADA to its highest price level since the bull market of January 2018.

Data from Cointelegraph Markets and TradingView shows that ADA rose from $0.35 on Feb. 1 to its current price of $0.71, a move which has elevated Cardano to the 4th ranked cryptocurrency by total market cap.

ADA/USDT 4-hour chart. Source: TradingView
ADA price vs. Tweet volume. Source: TheTIE
Total ADA staked. Source: Staking Rewards

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