2021 has been a very bullish year in the cryptocurrency world, starting the year with a $775 billion crypto market cap and closing the year with $2.3 trillion, after reaching an all time high in the crypto market cap of almost $3 trillion in early November.
Cardano (ADA), the sixth biggest cryptocurrency in market capitalization, had a strong year with an excellent bullish performance of +691% outperforming both Bitcoin (BTC) and Ethereum (ETH) with performances 75% and 453% respectively, according to CoinMarketCap
Cardano (ADA) started the year with a market cap of $5.5 billion with a value of $0.18 in each coin and ending the last days of the year with a market cap of $49 billion with a value of $1.46 in each coin, after reaching an all time high of $3.03 and a market cap of $97.52 billion in early September.
What drove Cardano’s price to reach ATH in 2021?
ADA’s price all time high coincides with the Alonzo upgrade, in early September, this upgrade got a lot of attention and is the major fact that drove the price up, reaching all time high until mid September where the price started to fall.