Remembering that the Cardano native token (ADA) was traded for less than $ 0.20 at the beginning of the year
Recently, the popular pseudo-anonymous analyst and trader “Crypto Capo” (“@CryptoCapo_” on Twitter) offered its super optimistic medium and long-term forecasts to Cardano (ADA).
His technical analysis of Cardano’s price action suggests that Cardano could reach $ 3 to $ 4 in the medium term and $ 30 in the long run.
3/3? 🧐 pic.twitter.com/ZJMwKJbqvL
– il Capo Of $ NOIA (@CryptoCapo_) March 4, 2021
TradingView data says that on the crypto exchange Kraken, Cardano’s ADA, which started the year at $ 0.1816, is currently (as of 8:15 UTC on April 9) trading at $ 1.2105, the which means that ADA-USD fell 0.1814% in the last 24 hours, but gained 566.20% in the year.
YTD ADA-USD Chart (Kraken) by TradingView
Earlier this month, the Orion Protocol team ($ ORN) announced a partnership with IOHK to “become the first liquidity aggregator for the Cardano blockchain”, saying the two plan to “work together to enable the scalability and sustainability of DeFi and NFT spaces.”
The Orion Protocol, which is a chain agnostic, says that “it will provide a decentralized portal for the entire digital asset market – adding liquidity to decentralized and centralized exchanges and swap platforms”.
As to why he chose to build on top of Cardano’s infrastructure, his blog post read:
“Cardano’s multilayer protocol performs advanced functions and has a base layer elegantly linked to a control layer at its base. The settlement layer will have a unit of account, while the control layer will execute smart contracts. The control layer will be programmed to recognize the identity, aiding compliance and allowing the blacklist, for example …
The integration of Cardano’s blockchain infrastructure will play a significant role in enabling much greater interoperability, scalability and performance of the protocol and of each solution – from the flagship product of Orion Terminal to Orion NFT Aggregator. ”
Alexey Koloskov, CEO and co-founder of Orion Protocol, said the following:
“It is a great honor to partner with IOHK to become the first liquidity aggregator for the Cardano blockchain. We admire and share their focus on building a scalable and interoperable DeFi ecosystem, and look forward to working together to achieve a sustainable future for the industry. ”