Cardano approaches a new major upgrade as ADA posts an inspired rally By Cointelegraph

Cardano approaches a new major upgrade as ADA posts an inspired rally

CryptocurrencyFeb 14, 2021 01:00PM ET

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Cardano approaches a new major upgrade as ADA posts an inspired rally

The Cardano Foundation's coin ADA, hit its all-time high of $0.97 on Feb. 12, having started the year trading at $0.18, thus entailing 438% gains year to date. Apart from the macro trends in the cryptocurrency industry driving up the price of flagship assets, such as Bitcoin (BTC) and Ether (ETH) translating to other altcoins, such as LINK, DOT, etc., Cardano’s growth could also be attributed to the network updates that Cardano has been running on its blockchain network.

On Feb. 3, Cardano’s development firm Input Output Hong Kong successfully conducted a hard fork and also applied the Goguen native token upgrade, known as the Mary upgrade, to Cardano’s testnet, which transforms the blockchain into a multi-asset network similar to Ethereum.

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Cardano approaches a new major upgrade as ADA posts an inspired rally

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