ADA Surges 12% With Best Performance In Top 10, Will It Tackle $2?

ADA seems unstoppable with a 37% rally in the last week. The seventh crypto by market cap is the best performing asset on that ranking and could continue to reclaim previous highs. Related Reading | Cardano Completes Network Upgrade, ADA Reacts To The Upside At the time of writing, ADA’s price trades at $1.16 with a 12% profit in the last 24-hours. The current seems to be fueled by leading crypto exchange Coinbase announcement to included Cardano to its staking offering. The platform has enabled users to stake their ADA and benefit from reward. According to the exchange’s blog, this service aims at removing friction from the process of staking ADA. For some users, Coinbase said, this can be “confusing and complicated”. Per the exchange’s latest earnings report, the platform records 43 million users with 3 million active users per month. In 2021, Coinbase reported $1,6 billion in revenue, most of which proceeded from retail traders. In that sense, ADA staking has found a major spot to increase its adoption levels and provide millions with access to its rewards. The platform is offering a 3.75% APY for ADA staking, with a reward delivery schedule of 5 to 7 days. Cardano is quickly approaching the important psychological price point of $1.20. The cryptocurrency last saw these levels before its move into its all-time high near $3. In the short term, Cardano could face hurdles as it attempts to break above $1.20. Data from Mat...