Interest in cryptocurrencies has increased dramatically in recent times, as traders and investors have been interested in increasing their balance of currencies, especially in the bull wave that we are in at this stage, as the year 2021 was a successful start for those who bet on Bitcoin and his companions.
Because of the significant increase in the price of bitcoin and the launch of Ethereum also to a peak after another, so small investors find no escape but to invest in small currencies with promising projects whose price is less than $ 5 per currency. At that stage, we only found xrp and ada.
And due to the much news and issues that Ripple is facing, the direction of investors in this category of currencies has turned towards ADA as a strong currency with a promising project.
The beginning of the journey
More than a month ago, news began circulating about the ADA currency and the new update that would move it elsewhere, which led to a great clamor about that currency and how it would create smart contracts and be a strong competitor to Ethereum.
Those news, especially before the update, made the currency be in another place, where it started to the price of one dollar like a share, and the demand for it increased dramatically.
But ...
After that, interest decreased a lot and the currency stopped around the price of $ 1, which caused panic among the coin holders, as I saw someone writing on Facebook a few days ago, "Do you think that the ADA coin is a stable currency?"
As the irony about that currency continued to a large extent, and many people do not know what to do, whether to sell the currency or to continue.
However, as for Holders, the ADA did justice to them yesterday and rose significantly by about 50%, reaching a price of $ 1.7, and it is now trading at $ 1.72, according to Coingecko.
ADA's soaring rise kept it in sixth place in Coinmarketcap.
I think the next target will be $ 2 if there is no correction.
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