ADA Leapfrogs USDT as New All Time High Reaches $1.78

2021-5-9 13:50

Cardano (ADA) has reached another all time high on Sunday, touching $1.78 on Binance exchange.

Cardano continues to see exponential growth as the project climbed to a new high on Sunday. The latest all-time high comes after it previously reached $1.70 on Saturday before continuing in an upward trend. 

Source: Tradingview

The surge in price now means that ADA has surpassed USDT in market capitalization, taking the seventh ranked spot with a total market capitalization of $56.4 billion.

Source: CoinGecko Cardano actively growing 

The project continues to climb in price. This comes following the recent announcement that Cardano’s parent company Input Output has partnered with World Mobile Group. 

The partnership looks set to expand Cardano’s use cases within African countries such as Tanzania and Ethiopia. 

Cardano CEO Charles Hoskinson has previously spoken out about the company’s roadmap. Admitting that the company missed its five year goals set out for the project. “Of course, I’m a very optimistic person and I tend to underestimate engineering and scientific complexity, so we didn’t quite hit that milestone. 2021 is kind of our overflow year, where we’re pulling together and turning on all the things we dreamed of over the last five years” Hoskinson stated.

The Cardano ecosystem also recently announced plans to launch its first ever stablecoin, AgeUSD. The algorithmic stable coin looks set to reduce exposure to volatile cryptocurrency markets. Stable coins have seen a rise in popularity within the industry. With AgeUSD looks set to add more value to the Cardano blockchain ecosystem in that regard. 

Cardano currently has a roadmap set out until 2025. With the Voltaire update being the final stage of the roadmap. According to the Cardano roadmap, “The Voltaire era of Cardano will provide the final pieces required for the Cardano network to become a self-sustaining system.” it states. 

The post ADA Leapfrogs USDT as New All Time High Reaches $1.78 appeared first on BeInCrypto.

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