Cardano (ADA) is one of the assets that’s seen significant price gains over January. ADA has attracted attention, for going out of its usual stagnant range-bound trading.
Cardano Broke Out of Range, Based on Renewed Publicity Efforts
ADA reached $0.055, its highest level since the summer of 2019, and looks like trying to break out of its long bearish slide. ADA also achieved most of its gains in the past few days, going parabolic both in dollar and BTC prices.
Here are the three major factors that sparked the most recent rally, where ADA rose along with other altcoins.
1. PwC Partnership
Charles Hoskinson, the project’s founder, announced a partnership with PwC, to achieve commercialization of the Cardano platform. The nature of the partnership, however, regards a rebranding and a marketing strategy, and says nothing about the…
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