Most people would like to discuss Dogecoin because it has a high possibility to hit $1 soon. But will cardano has a chance to hit $3?
Since the beginning of 2021, Cardano has already twice entered the top 3 cryptocurrencies by capitalization.Initially, it is positioned as an alternative to Ethereum.
The platform specializes in launching smart contracts, decentralized applications, sidechains and multiparty computing.
ADA tokens have a limited issue. What is also a good support for price. What are the reasons for the growth of cardano? Investors are waiting for the September update of the Cardano blockchain, which is called Alonzo. The update should add support for smart contracts and DeFi applications that users have been waiting for for a long time.
Thus, after the release of Alonzo, Cardano will become a full-fledged competitor to Ethereum, where smart contracts have existed since their launch in 2015.
The growth of the altcoin rate is also facilitated by news about listing on more and more crypto exchanges. So, on August 25, ADA appeared on sites in Japan.
So according to predictions, this coin is likely to reach even 5$ until the end of the year.