Cardano (ADA) traders are having a happy time nowadays. With the continuous rocketing throughout the month, ADA stands triumphant in the favor of its holders for the month of August. While this may be true, the Cardano network is preparing to usher in one of the largest upgrades ever by bringing forward the Alonzo Purple update. As claimed, this update will implement smart contracts on the network. In the ongoing scenario for ADA, it looks like the month of September is going to be full of surprises for ADA users. While we hope it all turns out to be great, let’s first look into the facts to foresee the ADA price prediction September 2021.
Alonzo Purple Update
The Alonzo Purple update is the third in the series by the Cardano network. This update will be highly fruitful for ADA users for several undeniably important reasons. According to the developers, the Purple upgrade is set to roll out on September 12 before the Cardano Summit event (set to happen by the end of September).
Once the Alonzo Purple upgrade is out, users will be able to make much more efficient transactions on the network. Moreover, the upgrade will also help to reduce the manpower as compared to the previous scenario. Furthermore, the Cardano network will also be able to accommodate more transactions at one time compared to the previous limit.
ADA Price Prediction
Cardano (ADA) currently stands at $2.65. It is important to know that just a few weeks back, ADA was sticking to $1.50. The rapid rise in the buyer’s interest is majorly associated with the upcoming Alonzo Purple upgrade. While this may be valid, ADA has witnessed high percentages of gains in a few weeks’ timeframes. WalletAs per the technical analysis of the ADA charts of August, we can foresee a good start for ADA holders while stepping into September. Moreover, as per WalletInvestor, ADA will see a whopping high of $4.74 by August 2022 beyond its current high in the coming year which is not that far now. So, the month of September looks so far pretty good and safe for ADA holders. We hope this ADA price prediction September 2021 will help you out in deciding your next move.
When ADA will reach $3?
Currently standing at $2.65, ADA has witnessed excessive gains in the past few weeks by rising over the $1.5 mark. We can foresee ADA reaching $3 by the first quarter of 2022.