For those who missed the update, Native Tokens are coming to the #Cardano main net end of Feb.
Let's go $ADA! 🔴 pic.twitter.com/HGRU4GpwXv
— 🔴Team Plutus | Cardano Stake Pool (@PlutusPool) January 29, 2021

$93,170.00
5.51%$1,794.27
13.21%$2.23
6.95%$615.24
2.44%$149.26
7.13%$0.999933
0.00%$0.181722
12.70%$0.692455
10.69%$0.247736
0.69%$1,790.70
13.16%$93,126.00
5.59%$22.45
12.68%$14.41
9.60%$2.81
25.41%$9.07
-0.67%$0.268289
7.98%$0.00001378
10.64%$3.12
6.62%$0.182415
6.82%$2,146.73
13.32%$0.999931
0.01%$357.77
3.59%$84.69
7.32%$19.04
2.26%$4.09
8.89%$4.64
3.99%$1.001
0.11%$1,786.27
13.16%$0.999532
0.05%$0.653582
3.21%$225.55
4.81%$28.43
0.47%$1,905.13
13.25%$0.00000917
14.37%$93,225.00
5.60%$5.95
12.68%$5.28
8.35%$52.55
3.20%$2.44
11.38%$0.930065
7.97%$23.93
3.71%$335.04
5.61%$5.20
9.32%$32.77
0.37%$16.88
8.65%$0.09757
9.60%$0.09138
11.45%$1.049
0.03%$1.00
0.00%$163.27
13.66%$0.701553
5.90%$4.53
3.25%$0.02583135
10.16%$1.17
0.10%$4.37
7.77%$0.221157
8.99%$93,066.00
5.56%$0.342072
18.92%$9.41
12.18%$0.214029
11.35%$4.23
-0.03%$2.73
5.50%$2.82
9.29%$0.638687
7.49%$0.523407
13.20%$0.330122
10.05%$0.999091
0.08%$4.10
4.82%$92,954.00
5.44%$10.31
4.79%$0.449067
11.18%$0.759014
7.94%$1,489.11
10.67%$0.00001612
27.48%$156.06
7.22%$0.816942
6.69%$0.077169
7.53%$1.18
16.28%$0.629601
33.80%$0.862032
11.07%$1.096
5.86%$1,796.68
13.30%$0.01673032
3.56%$1,861.67
13.19%$3.84
5.36%$0.677686
6.49%$70.35
5.46%$0.192964
9.61%$9.46
10.34%$1.00
0.06%$0.69032
15.62%$15.76
8.24%$0.999856
-0.03%$0.091058
9.30%$2,013.43
13.07%$1.001
0.03%$3,364.48
-4.19%$1.00
0.05%$615.68
2.46%$92,390.00
6.65%$3,364.44
-4.12%$2.67
14.97%$0.01572787
10.11%$0.01714299
7.36%$192.11
7.32%$93,210.00
5.80%$164.59
7.15%$0.2986
9.29%$0.807263
13.79%$0.191064
12.29%$1,906.33
13.23%$0.694011
10.57%$3.82
9.98%$0.11787
5.62%$0.675823
3.24%$0.997792
0.00%$0.00006948
19.16%$0.00000064
5.61%$0.501529
21.44%$0.01880168
10.46%$0.99966
-0.02%$93,459.00
6.05%$0.3944
5.42%$30.95
6.16%$2.06
4.45%$1.88
10.37%$0.245296
7.51%$1.11
1.59%$0.312682
2.36%$3.53
7.31%$0.0061443
11.04%$0.543143
6.73%$1,869.45
13.11%$16.96
13.35%$0.15488
9.89%$0.557984
29.66%$0.5552
6.50%$32.96
6.48%$0.206211
121.82%$0.557435
26.40%$0.768726
33.51%$0.00886863
4.62%$0.999127
0.02%$0.64392
8.85%$0.446194
8.32%$89,886.00
3.79%$0.067077
-2.40%$1.73
7.99%$93,222.00
5.67%$0.181815
12.42%$1.32
7.56%$0.999904
0.00%$0.04657246
33.01%$0.999765
-0.01%$88,321.00
0.00%$0.00002211
6.89%$0.00698314
38.16%$1,804.66
9.45%$15.41
9.31%$1,785.18
13.12%$2.04
2.97%$0.147364
8.63%$0.00000043
0.99%$110.78
0.01%$93,070.00
5.78%$5.95
8.26%$3.83
9.14%$6.32
12.40%$1.012
1.23%$0.348945
23.82%$1.084
0.00%$0.507346
8.74%$2.52
11.07%$0.07765
7.90%$1,793.44
13.24%$0.04076777
9.70%$43.47
9.64%$0.481089
20.49%$1,795.13
13.09%$0.222064
9.67%$0.083167
7.31%$1,909.88
13.56%$0.00710447
10.64%$1,795.44
13.21%$0.999818
0.04%$1.00
0.03%$0.578543
11.43%$21.80
-0.30%$0.360283
36.56%$0.84367
9.21%$0.999833
-0.14%$0.00413572
-3.51%$0.174439
2.14%$0.00006362
5.18%$0.01739586
1.38%$1,830.82
14.85%$0.124169
3.75%$1.001
0.12%$0.999798
0.03%$0.03181315
1.98%$0.328474
7.81%$3.78
9.66%$2.72
11.23%$0.00000148
16.39%$93,085.00
5.67%$115.24
10.75%$0.652806
18.70%$0.999876
-0.04%$0.141682
1.20%$0.238095
9.60%$0.642121
11.40%$1.17
4.35%$0.286739
26.60%$26.03
6.10%$1,762.09
12.88%$92,333.00
4.32%$0.999346
-0.09%$0.663777
-8.68%$0.274861
5.03%$22.43
7.36%$0.00044983
7.06%$3,187.04
-0.00%$1,895.56
13.83%$2.79
1.70%$1,795.10
13.39%$0.189137
8.13%$0.113054
5.78%$0.51411
7.57%$22.47
13.34%$0.03688382
3.61%$0.00286588
11.63%$0.01278501
7.75%$1,871.79
5.60%$0.445982
6.56%$0.02955068
6.21%$0.956835
15.52%$1.047
12.45%$15.14
8.67%$0.7303
9.02%$0.00349659
50.22%$1,966.99
13.55%$0.999904
-0.01%$0.00
12.32%$1.00
-0.01%$2.24
4.86%$1,942.99
13.19%$93,086.00
5.80%$0.23212
16.17%The price of Cardano (ADA) has surged 30% in the past day, buoyed by upcoming developments for the protocol and a favorable sentiment among cryptocurrency speculators. It trades at $0.45 at press time, hitting prices last seen three years ago in January 2018.
Launched in 2017 by former Ethereum co-founder Charles Hoskinson, Cardano is a proof-of-stake protocol that allows users to run smart contracts atop its blockchain. Its current version, “Shelley,” bought about staking rewards in 2020, marking the start of the second phase of its multiyear, five-phase launch.
Now, with fundamental catalysts upcoming and a favorable technical chart, the speculators are piling in.
Later this month, Cardano will see the launch of native assets on its blockchain, allowing users to issue their own tokens that, in turn, run on Cardano. The project’s developers say that such tokens will be faster and more scalable than existing blockchains, such as the widely popular ERC-20 tokens which run on Ethereum.
For those who missed the update, Native Tokens are coming to the #Cardano main net end of Feb.
Let's go $ADA! 🔴 pic.twitter.com/HGRU4GpwXv
— 🔴Team Plutus | Cardano Stake Pool (@PlutusPool) January 29, 2021
Another positive catalyst is the (upcoming) complete decentralization of Cardano’s staking pools in March. As per a post by Cardano’s development team IOHK last year, the network’s block production will be fully decentralized—meaning IOHK will have no role to play in the network anymore (apart from development).
Meanwhile, as the chart below shows, ADA broke out from a major resistance level of $0.35-$0.37 in the past day, signifying traders and market participants are now valuing it at higher prices than the past few weeks, where there were significant dips.
ADA also trades well above its 34-day moving average—a popular indicator used by traders that calculates the average prices over recent time periods to determine a market trend—and remains in a strong uptrend.
But despite the surge, ADA still has a long way to go before meeting its previous all-time high of $1.41 in the first week of 2018—that is, unless it rides a WallStreetBets-like wave.