Rather than reinventing DeFi on a faster version of Ethereum, Cardano is doing something different, said COTI CEO Shahaf Bar-Geffen.
$60K is a key psychological level that has also proven a formidable stopping point during this year’s powerful rally.
ADA is currently the third-largest cryptocurrency, with a market capitalization of $41.9 billion.
Trading will start on March 18 if sufficient supply of ADA is established on the platform.
Enabling new tokens is a step on the path to full smart-contract functionality.
Traders are betting on the "smart-contract" blockchain, which aims to compete with market leader Ethereum, even though it doesn't yet have smart-contract functionality.
The cryptocurrency rose to $1.30, beating out its previous all-time high set in January 2018.
Kraken said ether's price saw a "sharp" downward movement on Monday.
The Kiss bassist and frontman says he believes in Cardano because of its affordability compared with other cryptocurrencies.
Alternative cryptocurrencies are surging as bitcoin consolidates after its recent record-breaking rally.
With all this bullish bitcoin activity, the ETH/BTC pair has gone bearish, a sign traders are selling ether for bitcoin.
Bitcoin and ether had record-breaking days while trending more together.
The price of gas continues to rise on Ethereum, squeezing smaller retail traders using DEXs.
DeFi and the prospect of trading futures have crypto investors scooping up ETH.
The last time bitcoin’s closing price was under $30,000 was Jan. 1, according to CoinDesk 20 data.