Cardano’s native token, ADA, has hit a new all-time high of $2.55. In the last 24 hours, ADA has jumped by more than 19%, and more than 27% in the past 7 days. ADA’s market cap now sits at $81.8 billion.
Recent reports also show that ADA now enjoys a healthy year-to-date return of 1,304.71%. The amount of new holders has also jumped by 233% and hit 1.484 million.
More wins for ADA are seen in the number of addresses in profit, which is now 20% higher, with a record number of hodlers at 226,000.
At the moment, ADA has unseated BNB and is now the third-largest crypto asset by market cap. Since its $1 low on the 21st of July, the Cardano token has risen by 150%.
Currently, investors seem positively disposed towards Cardano, especially with the upcoming smart contract functionality happening next month. In the last week, investors have pumped $1.3 million worth of ADA, exceeding investments into XLM, DOT, and XTP.
Over the past month, this number has jumped to $2.1 million, pushing the total amount of ADA under management to $47 million’s worth.
Cardano is also reportedly working on a new stablecoin dubbed Djed. The coin will initially be backed by the dollar, but could later be pegged to any other currency.
Image Credits: Pixabay
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