Cardano upgrade: what will happen to ADA after September 12?
The Ethereum rival aspires to be the Amazon of blockchain
On August 10, Cardano’s founder Charles Hoskinson introduced that they would update its blockchain in September, which would certainly allow wise agreements on its blockchain and raise its use cases. The news had a straight impact on Cardano’s token, whose cost greater than doubled to $3 per token in less than 2 weeks adhering to the statement, making it the world’s 3rd largest cryptocurrency.
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After it reached an all-time high (over $3), ADA dropped below $2.5 as capitalists started selling as well as reserved revenue. The electronic coin has been hovering around the same level since then, but with the actual advancement just a couple of days away, will the marketplace see one more pump in its rate?
This is what happened with lots of currencies such as Bitcoin, Ethereum, and Dogecoin. See Muqaddas Shahzad of Ilme Aalim, a YouTube channel that very closely checks the crypto market, addresses this concern, and also more by SAMAA Money’s Farooq Baloch.