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Cardano's Total Value Locked Surges 300% in 2021, ADA Price Predicted to Reach $10

The price of Cardano has decreased by 2.5% in the past 24 hours, reaching $0.364249 as the market falls by 0.5%. However, the altcoin has appreciated by 47% since the beginning of the year and its total value locked in has reached $170 million, a nearly 300% gain since January 1. Cardano's technical positioning and steady growth in total value locked in suggest that it has the perfect conditions for future gains. The recent rollout of its Hydra update and upcoming improvements such as the Mithril upgrade and pooled lending could help transform Cardano into a real rival of bigger layer-one platforms.

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