Price of Crypto Currency market is increasing with all BTC (Bitcoin ) and alts but Cardano (ADA) is massive with increase of 85% in last two weeks. After this its gained sixth largest cryptocurrency position by leaving Bitcoin SV behind.
There is many factors which played vital role in increased of ADA especialy therir shelley upgrade and Defi market. On July 1 shelley upgrade was deployed on main net and end of the month of july its changes has been done on ADA network. The Shelley upgrade make ADA price high due to its staking system. Users reward system has been impliment from ADA with shelley upgrade.
“Shelley will also see the introduction of a delegation and incentives scheme, a reward system to drive stake pools and community adoption. As a proof-of-stake network, users stake their ADA to participate in the network. ”The reward system from ADA increasing the market value because investor want to get reward without mining. The recent price breakout of 2018 after long time in green market from ADA. With the new shelley upgrade ADA will handle large scanle of Defi transactions.