Cardano (ADA) remains in an uptrend despite the massive selloff that engulfed the cryptocurrency market during the week. ADA pumped higher, flipping its prior all-time high of $1.33 while setting a new record high of $1.537. This move also pushed ADA to 3rd place among all cryptocurrencies by market capitalization.
Steady momentum for ADA price keep piling after Cardano’s parent company, IOHK announced the integration of the Mary upgrade to Cardano’s Testnet on Feb. 3. The upgrade enables smart contract functionality, helping transform the blockchain into a multiasset network similar to Ethereum.
The recent increase in price coincided with the time Cardano founder Charles Hoskinson tweeted that Mary would be live on the mainnet at the beginning of the next epoch on March 1st.