The Cardano crypto token (ADA) has finally bounced back after consolidating between $ 1.30 and $ 1.40 since the end of April.
Based on daily records, the ADA managed to record a 14.4% jump to an all -time high (ATH), $ 1.70 early this morning.
The good news from crypto exchange platform, Kraken that launched staking for the token apparently prompted an unexpected price increase.
Not only that, the staking activity also involves rewards of up to 4% and 6% for its users who help protect the Cardano network. Interestingly, users who have a Pro, Intermediate or Starter account will receive weekly staking rewards.
Analysts think the ADA is now starting to want to rocket. If the ADA is able to break through and hold on to the $ 1.55 level, it has the potential to hit $ 2.3.
For those who have an ADA, keep hodl because this network has many projects that are and will be implemented.
Among the latest, the adoption of the Atala PRISM solution is being worked on on a large scale in Africa as a result of a joint effort of the Ethiopian government. It is expected that around 5 million students will use the technology to access education including academic records available on the blockchain.
At the time of writing, the ADA is trading at $ 1.61 with an increase of almost 11% in 24 hours.
