Cardano ADA/USD is a blockchain platform that enables the development of decentralized applications (dApps) through a multi-asset ledger as well as verifiable smart contracts.
Revuto announcement and university partnership as catalysts for growth
Revuto is a blockchain-based subscription management platform that has announced new staking opportunities for REVU token holders on Cardano.
Specifically, users are now able to stake their REVU in eight exclusive pools available at the Revuto Staking Center.
These pools are aimed at providing a competitive yield as well as the ability for users to earn unique rewards in other native Cardano tokens.
Additionally, the Cardano Foundation, which is a non-profit organization custodian for the Cardano blockchain, partnered up with the Blockchain Center of the University of Zurich, which is a leading research university in Europe.
The goal of this partnership is to explore the development of blockchain education and research initiatives.
Should you buy Cardano (ADA)?
On April 7, 2022, Cardano (ADA) had a value of $1.0736.
In order for us to truly see what this value point indicates for the overall value of the ADA cryptocurrency token, we will be going over its all-time high point of value, as well as over the token’s performance throughout the previous month.
The all-time high value of the Cardano (ADA) cryptocurrency token was on September 2, 2021, when the token reached a value of $3.09. Here we can see that at its ATH, the token was $2.0164 higher in value or by 187%.
When we go over the performance of the token throughout the previous month, Cardano (ADA) had its lowest point of value on March 14, when the token decreased to a value of $0.7854.
Its highest point of value, however, was on March 28, when the token increased in value to $1.2405. This gives us an indication that the token increased in value by $0.4551 or by 58%.
With this in mind, we can expect the value of the Cardano (ADA) token to increase in value to $1.5 by the end of April.
The post ADA’s value evolution after Revuto announced Cardano-native staking pools appeared first on Invezz.
from Market Analysis – Invezz
