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Latest Events in the Crypto Industry

Cardano (ADA) Breaks $3 For the First Time: Sets a New All-Time High

Cardano’s ADA set a new record a while ago, surging past the coveted $3 mark for the first time in its history.

For the first time ever, ADA – Cardano’s native cryptocurrency – broke above the significant milestone of $3.

The cryptocurrency is up more than 10% in the past 24 hours, solidifying its place as the top 3 coin by means of total market cap, which currently eyes $100 billion.

Source: TradingView

At the time of this writing, the cryptocurrency is trading at around $3.08.

This comes on the back of a broader market increase.

Bitcoin had an increase of over 4% in the past 24 hours and is once again eyeing the coveted $5K mark, while Ethereum’s ETH is up more than 7%, currently trading above $3760.

The total cryptocurrency market capitalization is up over $100 billion in the past 24 hours alone, right now sitting at $2.3 trillion, according to CoinGecko.

ADA’s impressive gains come ahead of the much-anticipated launch of smart contract capabilities on Cardano’s network – something that the community is eager for quite some time