Cardano Price Analysis: TPD And Active Addresses Hit New ATH

Cardano has been marking various achievements back in 2020, and 2021 is expected to be an even better year for the project.

The Cardano community also celebrated the fact that lately, the price of ADA started to mirror the great achievements that the project has been marking.

At the moment of writing this article, ADA is trading in the green, and the coin is priced at $0.3095.

There have been all kinds of speculation about the price of ADA these days, and most predictions are pretty bullish. notes that “ADA started 2020 at $0,0341, quickly rallying to $0,0707 by mid-February. It then entered a downtrend that culminated in the coin falling to the intraday low of $0.0191 on March 13, driven by the broader market sell-off at the start of the Covid-19 crisis.”

The same notes reveal that “So far in 2021, the coin has attracted a lot of investor attention after soaring to $0.2572 on January 5, its highest price in over two and a half years.”

The online publication wrote a piece analyzing whether ADA can reach $1, and we suggest that you check it out.

More achievements marked by Cardano

The online publication Brave New Coin notes that “On the network, the total number of transactions per week had ranged between 1,000 and 4,000 since April 2018. Transactions per week nearly quadrupled from January to February 2020 and reached 9,100 on August 4th.”

The notes continue and point out to the fact that “On July 30th, transactions per day reached a new all-time high of 18,500. Since August, this on-chain activity has declined substantially, and has once again increased to a new all-time high.”

Also, it’s important to note that in mid-2020, average transaction values per day began to rise and recently hit a multi-month high of US$550,000. The TPD also hit a new ATH.

Check out the original article that’s been posted by Brave New Coin in order to learn more details about Cardano’s latest achievements.

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