๐ ADA โ Cardano's Ascent: From Blockchain Innovator to Strategic Asset!
Cardano (ADA) is currently trading at $0.7311, experiencing a 0.1063% increase over the past 24 hours. The day's range has seen a low of $0.6567 and a high of $0.7404.
But beyond the numbers, Cardano is making headlines:
U.S. Strategic Reserve Inclusion: In a significant policy shift, the U.S. government has announced plans to include Cardano in its "Crypto Strategic Reserve," alongside Bitcoin, Ethereum, Ripple, and Solana. This move has led to a notable rally in ADA's price.
Smart Contract Growth: Cardano's Plutus smart contracts have seen substantial growth, with over 24,000 contracts deployed by January 2024, marking a 67% increase from the previous year. This expansion underscores Cardano's commitment to enhancing its smart contract capabilities.
NASA Collaboration: The Cardano Foundation has confirmed a collaboration with NASA, focusing on data provenance and satellite data applications. This partnership highlights Cardano's potential in real-world applications beyond traditional finance.
๐ Trade Setup:
Entry Zone: $0.70 โ $0.74
๐ฏ TP1: $0.80 (recent resistance)
๐ฏ TP2: $0.90
๐ฏ TP3: $1.00
โ Stop-Loss: Below $0.68
๐ก Key Insight:
Monitor for a breakout above $0.80. With Cardano's recent developments and growing institutional interest, a surge past this resistance could pave the way for further gains.