Cardano’s price traded at a new all-time high over the weekend at $1.48 before correcting lower. The ADA declined sharply below $1.20, but the bulls again took charge at the $1.15 level.
With the Mary hard fork set to launch at 21:44 UTC on March 1 and bring the Defi token economy to Cardano, what can we expect from the ADA price in the next few days?
Popular crypto trader Lark Davis anticipates the Mary Hard fork, tweeting:
“Just a few more hours until #cardano enters a new era and launches its token economy! Exciting times for $ada holders.”
According to Assetdash data, Cardano has surpassed Tether’s dollar-backed stable coin (USDT) and Binance’s (BNB) to become the third-largest cryptocurrency by market value, with a market capitalization of $39,792,277,652 after by Bitcoin and Ethereum.
Source: Crypto Market Cap via Assetdash
Source: ADA/USD Daily via TradingView
From the daily candlestick chart, Cardano