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Cardano (ADA) on top of the Crypto Market following the new hard fork

CYRN Stock

CYRN Stock

Cardano (ADA) nearly tripled during February 2021.

Cardano (ADA), over the years, has proven to be leading crypto. ADA attracts changemakers, innovators, and visionaries, with the tools and technologies that create new paths and bring about positive change, globally.


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Following the recent hard fork event, Cardano has become a multi-asset chain. This is a new beginning for ADA as the digital asset has jumped to 3rd place on coinmarketcap.com.  The founder of IOHK foundation, the company behind Cardano, Charles Hoskinson has labeled this as a “historic” moment for ADA.

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What’s Happening?

Cardano (ADA) recently went through the hard fork named “Mary.” This update will allow users to create tokens that run on Cardano natively, similarly to ADA does. With the evolution and improvement in the cryptosphere, hard forks have become easy for digital assets. Things started to change in 2017 when the multi-billion-dollar initial coin offering splurge, one of the first big use cases that caught on for Ethereum.

The hard fork transition should be pretty simple for node operators, as they just need to update their software. Hoskinson in a video delivered his message mentioning:

“We’ve been testing it for almost a month, and the test looks good. Exchanges are happy.”

Currently, Cardano is one of the leading cryptos that is taking the DeFi world by storm. Investors with the vision of Elon Musk are pretty bullish about ADA. They believe in project Cardano and highly anticipate its approach and vision.

Cardano ADA’s finance and commercial management firm, EMURGO has a long-term vision that is to solve real-world on-the-ground problems that are affecting the world today via the ADA coin.

With this event unfolding, Binance announced that the exchange will support ADA’s hard fork and network upgrade. ADA has made massive moves that have helped the token to add approximately $40 billion of market cap, making it the third-biggest and valuable digital asset. ADA and ETH, these two crypto-assets were among the leading coins in the market by the end of last month. ADA soared up to 300% in February 2021, touching its all-time high of $1.49 on Feb. 27.

Cardano (ADA) has gained much of the investor’s interest with the recent price hike. On Feb 25,Dubai-based FD7 Ventures announced that they will convert their Bitcoin holdings worth $750 million to ADA coin and DOT coin.

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Conclusion

Cardano (ADA) stands at the top with one of the safest long-term investment options in the crypto market. The recent shift in Bitcoin has reflected a new and bigger picture of the crypto market. As we write this, ADA was trading at $1.23 up by 1.53%.

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