At Cardano, the ADA breaks records
The price of the ADA had already approached the threshold of 3 dollars, but the cryptocurrency of Cardano crossed this important threshold early this morning. In just over a day, the altcoin took + 13%, breaking through beyond $ 3.10 before falling back slightly:
Source: TradingView, ADA / USDT
This corresponds to a very clear increase of + 2367% over the last twelve months. The ADA is now firmly established as the third most capitalized cryptocurrency at the moment, at $ 98 billion. It is followed by Binance’s BNB, which has a market cap of $ 75 billion.
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Smart contracts in the background
The reason for this renewed enthusiasm for Charles Hoskinson’s project is of course the imminent arrival of smart contracts. Last night, Input Output confirmed that Cardano’s testnet is now compatible with smart contracts, a major step in blockchain development.
The next and last step will be the launch of smart contracts on the mainnet, which is scheduled for September 12. Will this make it possible to continue to support this rise in the price of ADA? Response in the next few days.
👉 On the same subject – Institutional investors turn to ETH and ADA and abandon Bitcoin
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About the author: Marine Debelloir
Deputy Editor-in-Chief on Cryptoast, I fell into the pot of cryptocurrencies a few years ago. I am passionate about the innovative technologies that arise from the blockchain and I like to find the most delicious information to share with you.
All articles by Marine Debelloir.