On Monday, August 23, Cardano (ADA) prices rose above the $2.8 level, hitting a new all-time high.
In the last 24 hours ADA rose by 13.2%, according to CoinGecko. The asset price exceeded $2.9.
At the time of writing, the coin was trading at around $2.81.
In the last 24 hours, ADA rose 8.1%, according to CoinGecko. The cryptocurrency ranks third in the market-cap standings, with a value of $90.6 billion.
In fourth place is Binance Coin (BNB) with $76.9 billion. On August 23, BNB’s price briefly exceeded $506 before retreating to $496.
On May 1, Binance Coin reached an all-time high at $645, and later surpassed $650.
The Cardano Foundation presented a five-year development plan. By 2026 the organisation aims to increase the platform ecosystem’s user base to 1 billion.
Earlier, the project’s founder Charles Hoskinson announced that the date for the launch of smart contracts within the Alonzo upgrade would be disclosed soon. After that, Cardano’s price began to rise, and the coin entered the top three by market capitalization.
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