Main navigation

Cardano (ADA) Scores Its Highest Daily Close Ever After Major Partnerships in Africa

News
Thu, 05/06/2021 - 05:56
article image
Alex Dovbnya
Cardano has logged its highest daily close ever, zeroing in on new a new all-time high
Cardano (ADA) Scores Its Highest Daily Close Ever After Major Partnerships in Africa
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Cardano's ADA cryptocurrency has managed to score its highest daily close ever at $1.4798 on the Binance exchange. 

The cryptocurrency is now awfully close to hitting a new all-time, currently trading at $1.5338. 

ADA
Image by tradingview.com

Related
Cardano Developer IOHK Announces Major Partnership in Tanzania

In February, ADA was the talk of the town, soaring by 350 percent in the run-up to the March Mary update that has transformed Cardano into a multi-asset blockchain. However, it has been mostly trading sideways over the past few months, trailing behind Ethereum, Binance Coin, and, of course, Dogecoin.      

Cardano's renewed momentum could be attributed to IOHK's recent partnerships in Africa that earned it plenty of media coverage. The community is also anticipating the Alonzo hard fork, which will finally bring smart contracts to the sixth largest blockchain.               

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.