Cardano (ADA) is heating up again, achieving a rally that has been awaited for months as the asset lingered near its lows, almost returning to levels not seen since the initial token sale. ADA traded at $0.066 as of 10:30 UTC on Wednesday, rallying in the past three months from lows of $0.039.
ADA has been largely dismissed as other assets took the spotlight. The project remains promising but is yet to show its achievements in hosting smart contracts and distributed apps. While Cardano lingered in creating a usable ecosystem, other projects are gaining real-world users.
The current ADA rally is highly dependent on Binance trading, as data from CryptoCompare show more than 64% of the activity is conce...