Cardano surpasses 1 USD mark: Cardano (ADA) has noted significant growth, reaching 1.089 USD after a 24% rise in the past 24 hours. This move boosted ADA’s market capitalization beyond 37 billion USD, increasing its appeal to investors. ADA’s price uptrend is now under the spotlight with potential continued growth.

Potential to reach 2 USD: Analysts believe Cardano could hit the 2 USD level, corresponding to a 100% increase from the current price. The parabola-like rally has shown a strong and clear growth pattern. With the support of technical indicators like MACD, the uptrend looks quite stable.

Factors driving the price surge: Not only technical factors but also institutional interest and advancements in the blockchain ecosystem have pushed ADA’s price higher. The Alonzo upgrade enabling smart contract capabilities has significantly increased ADA demand, fueling the price rally.

Prospects for continued growth: The recent increase in Bitcoin’s price has created a favorable environment for altcoins like Cardano. If ADA maintains its momentum, it could solidify its position as a leading asset. However, investors should be cautious of market-impacting factors.