Cardano (ADA) hits a new ATH, surpassing $ 2 What is the next target?

In the week of general decline in cryptocurrency markets, Cardano (ADA) continues its successful rise. It broke the all-time record, surpassing $ 2, with an increase of nearly 10% in the last 24 hours. Cardano (ADA) hit a new ATH, exceeding $ 2 for the first time. Cardano (ADA) broke the all-time record with $ 2.045. Will Cardano (ADA) be able to continue its successful rise? What's the next target in Cardano (ADA)?

Cardano (ADA) continues its successful rise that it caught in early May. The ADA fell as low as $ 1.02 in the last week of April, then initiated a successful uptrend. Ranking 5th in terms of market cap, ADA managed to break the all-time record, exceeding $ 2. It is currently trading at $ 2.038. Also, its market cap reached $ 64,193,458,930.

May is a very important month for Cardano (ADA). The number of pools currently responsible for nearly three-quarters of the ADA in circulation is over 2,000. Cardano had committed to forming new delegations every three months earlier this year. In April, the Cardano team received new pool applications. It will announce the results of these applications this month.

Also this month, Cardano (ADA) will launch Alonzo Testnet and smart contracts will enter the Cardano test network later this month. In particular, the expectation for Alonza plays an important role in the rise of ADA. Compared to its competitors, in Cardano, transfers are done much faster and with lower transaction fees. Everything seems to be going well on the Cardano (ADA) side. ADA can go higher if everything goes as planned.

In addition, the Revuto (REVU) token, which will be the first dApp on Cardano, has been introduced and will start pre-sale on May 18. Investors welcomed the start of applications on Cardano. Revuto (REVU) is a native token in the Cardano network and was developed for subscription and payment convenience. It also claims to revolutionize Revuto (REVU) subscription systems and payment systems. Revuto says it will support many subscriptions, especially Netflix, Spotify, Amazon. The roadmap determined by the Cardano team is progressing as planned, and investors are satisfied. Also, I think it will be announced in new projects in the coming days.

Revuto Roadmap

Currently, new developments on the Cardano side are reflecting positively on the markets and this has caused ADA to break the all-time record. In addition, it is seen that new institutional and individual investors have come to ADA. Now everything seems to be going well on the Cardano (ADA) side. Currently, ADA is trading at $ 2.038. If there is no negativity in the markets and new developments on the Cardano side continue to move forward as planned, ADA may exceed $ 3 in May.

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