So today Cardano finally passed $1 for the first time since 2018. For all the ADA hodlers this has to be a great feeling. Currently 13 cents from it's all time high the euphoria is bubbling.
This is only the beginning, with a Hard Fork to Mary scheduled for the end of the month. This allows for the creation of native assets. This puts Cardano one step closer to Goguen. Goguen allows for the creation of smart contracts. The allowance of smart contracts can drive the price even higher.
There's a possibility of migration of tokens from the Ethereum network. Ethereum is currently facing a lot of problems with gas transmission fees. They are currently to high and makes interaction with ERC20 tokens nearly impossible. Cardano should be able to ease this pain.
Let's see who jumps ship and head over to Cardano. Also a potential project with the government of Ethiopia are in the works and near finalization. This contract should bring a potential of 5 million new users to the network. Plenty of great things on the horizon for Cardano. Let's see how far it can rise.
Oh let's not forget about staking. Cardano is a POS (Proof of Stake) token. Once you stake your coins to a stakepool you can earn ADA every epoch. An epoch occurs every 5 days. The more coins staked the more coins earned. Great form of passive income. Currently they're over one thousand stake pools to choose from. Coins can be staked in the Daedalus desktop wallet or Yoroi mobile wallet.
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