Interest in Cardano (ADA) is increasing day by day

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After the announcement that Cardano and the Ethiopian government reached an agreement, the ADA is on the rise, breaking a new record almost every day. In addition, I can say that new developments are very effective for this rise. ADA may reach higher levels in May. Cardano (ADA) broke the all-time record today to surpass $ 1.74 and the uptrend seems to continue. Let's take a look at the latest developments on the Cardano side.



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The Cardano (ADA) team continues to come up with new deals and new solutions to solve real-world problems. Finally, Cardano started an important project with the Ethiopian government. This agreement seems to have been welcomed by ADA investors.

In addition, the Cardano team published a form for new project applications in April and is currently reviewing these applications. It is expected to announce the results of these applications in May. Many investors are eagerly awaiting new projects to be launched on Cardano and are already investing in it.

The AIBC Awards nominated Cardano (ADA) for the Blockchain Solution of the Year award. AIBC Awards brings together thousands of investors and innovators in the fields of financial technology, artificial intelligence, blockchain technology, quantum technology, big data and internet of things (IoT). This event held in Canada is a platform to celebrate the technologies and the developers behind them. The voting will continue until May 16, while the results will be announced on May 25.

It took an important decision concerning Kraken Cardano, one of the largest stock exchanges in the world. Kraken has begun to allow users to stake ADA. This development led to an increase in ADA investor and a decrease in circulating ADA. It is already known that a decrease in a circulating cryptocurrency has a significant effect on increasing the price. Karaken also stated in a statement that they made such a decision due to the increasing interest in ADA in recent days. Also, if smart contracts start to be successfully added in the future, then ADA may reach higher.

On the Cardano (ADA) side, everything is fine and its progress as planned has a positive effect on its price. In addition, new developments are pleasing to investors and have a great impact on new investors to join. Due to these important developments, interest in Cardano (ADA) continues to increase day by day.

With the latest developments, I think ADA will continue its upward trend. A new ATH hit today, surpassing $ 1.74. It is currently trading at $ 1.67. It seems that this increase will continue in May. I can say that May will be a very important month for ADA. Cardano will begin to see the impact of the updates and innovations made this month. If everything goes as planned, the ADA price could reach incredible highs.

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