The Cardano community have been prospecting a bullish breakout for the token. ADA needs some push to take to new all-time highs.

COTI tweeted:  “We are thrilled to announce the launch of ADA Pay on Cardano’s Shelley Mainnet with the first merchant being the famous charitable organization: Save The Children.”

ADA has have a very dedicated team and even more so their leadership. This is a driving factor for continued success.  Charles Hoskinson is interested in providing functionality over any money and that’s what makes it into a success.

Charles Hoskinson recently stated, “I think over the next three to five years what will happen is our industry will converge to a Wi-Fi moment where it just works. And no matter what ecosystem you happen to be in, it will be very easy for you to migrate from that system to the next system with some notion of a timeout.”

Several traders hold Cardano as a hedge in case Ethereum is usurped technologically or culturally anticipating a future that there is room for more than one blockchain. Progress has been slow but many are excited for August when smart contract capability will be added to the Cardano blockchain. Many of them are looking to accumulate more in prediction that there will be further innovative Dapps in Cardano or copycat apps or expansion by already existing Ethereum Dapps.

Investors who prefer small Alt coins over big names put their money in big names to avoid FOMO. And once the big names have the huge bull spike, this will also lead to good spikes for the Alt coins as well.  Therefore, they also invest in the Alts.  Several investors who build assets over time are investing in Cardano. Many of them are looking at ADA for the long term for sure.

The smart contract capability in August 2021 is very much anticipated and a bullish spike following it for sure. There are many who feel that ADA is over hyped and over-valued. They feel that Cardano, in order for governments and corporations to adopt has to ensure that it is peer reviewed, with all the documents so that countries and governments can adopt the blockchain safely.

For now, since everyone are trading by the lines, investors who are looking to make profits follow the technical moves following COTI.

Also, Ethiopia overhauling its education system with IOHK blockchain partnership is a happening.