The big difference of Cardano is that it is a blockchain created under a concept, a design, and an academic and scientific development that seeks to bring some of the most interesting innovations in this industry. This 2021 ADA has had a rally of over 400% in six consecutive weeks, and is still just over 40% up to reach its previous all-time high of $1.3 three years ago in January 2018. It currently ranks sixth in the ranking of largest cryptocurrencies by market capitalization, and we know that in this bull market several major cryptocurrencies have already reached their all-time highs. Bitcoin just surpassed $50,000, $30,000 above its last all-time high achieved three years ago; Ethereum just crossed $1,900, almost $600 above its previous all-time high; the same is the case for Polkadot, Binance Coin, or Chainlink, for example. So, we still have room for more ADA growth in this 2021 to reach and surpass that all-time high.
It is important to mention that Cardano users are going to have to upgrade their nodes by downloading the latest version of the Deadalus wallet in order to access this new network upgrade after the beginning of March. Now, as you know, Cardano is working on the current phase of the Goguen roadmap, the upgrade that is implementing smart contracts on the network and that thanks to this Mary Hard Fork will already be very close to the Goguen Mainnet being implemented.
I explain several things to give you a clearer idea of the importance of these updates, and of Cardano's capabilities for when they reach the transition of the Goguen era. These new updates are going to allow developers, on the one hand to take full advantage of smart contracts and your organization's functionality within Cardano, i.e., this is going to create a whole new ecosystem with greater scalability. Specifically, developers will be able to create native tokens from other projects so that transactions can be made directly within the network, and this will also open the door for other projects that already exist in other networks, such as Ethereum for example, to migrate completely or offer part of their token supply in Cardano.
In fact, when the Goguen Mainnet is launched the team plans to launch its own liquidity and loan provisioning protocol, called Liqwid Finance, so it will likely be the first DApp built on the Cardano blockchain. So, we are simply left to wait very shortly to see the start of Cardano's DeFi ecosystem. All these new features are going to result in better scalability, better performance, and will definitely reduce transaction costs, which will be especially beneficial for all DeFi platforms within Cardano, as they are going to reduce the costs associated with interacting with them, something that is currently the biggest headache and the big problem of the Ethereum network.
Now, continuing with the fundamentals of Cardano, I'm going to show the indicators that are supporting a sharp rise in the price of ADA, beyond its all-time high, in the immediate future. Cardano is gaining quite a lot of popularity in this 2021, and it started from 2020 with a strong growth, being one of the winners of the market with almost 3,000% upside; right now it is at 40% upside to reach its all-time high and at about 115% to $2, which is a very modest estimate for these fundamentals. First we can analyze some data, such as the number of large transactions, with a value of more than $100,000, which is trending upwards, and has been maintained since the end of 2020. Cardano is currently processing between 5,000 to 7,000 transactions every 24 hours, above $100,000 and worth more than $16 billion.
However, regardless of all these strong fundamentals I have told you about, I will personally wait for a possible correction to the first support, which is in a range between $0.68 to $0.70, to continue to accumulate more and let the price run to its uptrend from here; but this is in the short term, because in this year Cardano is going firstly towards the all-time high and then, in my opinion, towards $2 and all this impressive Cardano community and investors who came in several years ago, know that this is an investment for the long term.
Cardano will probably be the biggest threat Ethereum and any other Smart Contracts network has. If ADA starts building their ecosystem of DApps and DeFi projects starting this very 2021, they are going to create an unstoppable network effect that will drive Tokens to over $10 growth by 2025. This is my prediction and opinion about the future of the network and the price of ADA, I don't have a crystal ball, these are probabilities founded with real data, this market is very volatile and that volatility plays a positive or negative factor depending on the direction the market takes, and depending on the investment approach you adopt. It is also a speculative market, we are all speculators, so don't lose your head, don't sell your house or your vehicle to invest in cryptos and never invest an amount you can't afford to risk.
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