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Cardano tokens and FTX tokens reached new all-time highs of

. Cardano (ADA) and FTX token (FTT) have surpassed their respective previous peaks, breaking into new territory ADA crosses $3 for the first Early today, the native token on the third generation Proof of Stake blockchain platform Cardano smashed the coveted $3 level, setting a record high. This development follows a wider market rally that…

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Cardano (ADA) and FTX token (FTT) have surpassed their respective previous peaks, breaking into new territory

ADA crosses $3 for the first

Early today, the native token on the third generation Proof of Stake blockchain platform Cardano smashed the coveted $3 level, setting a record high. This development follows a wider market rally that places ADA amongst the largest gainers of the past week. This is the first time the token has achieved this milestone since its launch in 2017.

Many indicators pointed in this direction after the token’s remarkable run last month. Analysts had predicted that the token’s price would rise as smart contracts were launched. Long-term resistance has been at the $3 mark, but experts believe the token will break above that mark following the highly-anticipated Alonzo hardfork.

However, ADA’s recent rise to $2. 10 convinced many that it would surpass the mark before the hard fork. ADA peaked at $3. 097 at 09: 00 UTC, according to Coinmarketcap, before dipping. Minutes later, the token reached $3. 10 – the current all-time high. ADA currently trades at $3. 02 but is still 8.2% up in the last 24 hours.

ADA chart for the last 24 hours. Source: CoinMarketCap

Year to date figures show that the token is up by almost 1,600%. Cardano’s ADA ranks third among cryptocurrencies in terms of total market cap and is eyeing $100 billion if the uptrend continues. Yesterday, IOHK announced through a Twitter post that the Cardano testnet officially supported smart contracts, with the next step being the mainnet upgrade slated for 12 September.

FTT reaches new heights after LedgerX’s acquisition

Elsewhere – At the start of this week, Hong Kong’s crypto exchange FTX announced an acquisition agreement with LedgerX, a US crypto derivatives platform. The bullish news injected fresh upward momentum into the FTX token, pushing its price beyond $70, according to data on Coinmarketcap.

FTT daily chart. Source: CoinMarketCap

FTT steadily climbed towards $65 yesterday, eventually hitting $66. 33 earlier today to surpass its previous record high set in May. The token briefly dipped to $62 before rallying again to set a new high just short of $70 around 06: 00 UTC. It has since been on a corrective path and is trading at $66.48. With a market capital of $6.4 billion, the FTX token is second in terms of largest exchange tokens after Binance’s BNB.

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