fxstreet.com 18 Feb, 2021 08:15 am

Cardano price will hit $2 before its next meaningful correction

Cardano price will hit $2 before its next meaningful correction
Cardano is back in the spotlight after the team behind it rolled out a new program that is designed to change the network’s governance. The news appea

At the time of writing, Cardano price still needs to rise by another 100% to hit a target at $2.Cardano new users chart Regardless of the bullish outlook, investors should note that a sudden spike in selling pressure could disrupt Cardano price rally.The news appears to have been welcomed by the cryptocurrency community as ADA price resumed its uptrend towards $2.ADA price is up by nearly 8% in the last 24 hours, moving closer to reach the target provided by a head-and-shoulders pattern that developed within its weekly chart.

ADA/USD 1-week chart Cardano’s network activity adds credence to the bullish outlook after seeing a drastic increase over the past few months.0, which is a new update to the Daedalus wallet that will include “Project Catalyst Fund3 voting registration, displaying wallet balance converted to a fiat or cryptocurrency of your choice, configurable SMASH servers, transaction details expanded to include metadata, fee processing, ADA deposits, etc.

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