ADA hits $2 for the first time since May ahead of Cardano smart contract anno...
All eyes on a support/resistance flip at $2 as bearish sentiment stays absent for Cardano this week. Cardano’s ADA token made a triumphant return to the $2 mark on Friday as weekly gains topped 50%.ADA/USD 1-day candle chart (Binance). Source: TradingViewADA reverses most of its three-month lossesData from Cointelegraph Markets Pro and TradingView showed ADA/USD quickly shooting higher during Friday after overcoming heavy resistance. At the time of writing, the pair circled $2.07 and was continuing to climb, gaining $0.25 overnight.At $2.07, this marked ADA’s highest price since May 18 and....
Related News
Following the successful Alonzo hard fork, the Cardano network now has a large swathe of new smart contracts. However, developers must wait to use them as they are locked in a timelock contract. At the time of writing, metrics show an aggregate total of 2,352 smart contracts since the Alonzo upgrade was implemented.
Cardano Has More Than 2,300 Smart Contracts Waiting to Be Deployed
The Cardano (ADA) network upgraded last week and since then the most topical conversation among ADA proponents is smart contracts. The use of smart contracts on the Cardano network has been a holy....
Today has been a monumental day for Cardano. Caught within the recent crypto bull market, its token, ADA, hit a new all-time high price of $1.38 this evening. This marks an increase of approximately 2600% over the past year, as tracked by Messari. In fact, this milestone brings with it more good news for the smart contract platform. Over the past 24 hours, the surge of interest in Cardano has brought its on-chain transaction volume […]
Ethereum and Cardano are two popular smart contract platforms. While the latter is peer-reviewed and led by research, Ethereum enjoys a first-mover advantage and has the largest total value locked (TVL) if decentralized finance (DeFi) is a leading metric. However, one user on X thinks Cardano is ahead of Ethereum on features. This position was […]
Cardano moves at full speed towards its final hard fork combinator (HFC) event Alonzo to implement full smart contract capabilities. The community has been keeping a close eye on the latest developments, as AlonzoPurple enters its final test stage. Input-Output Global, the company behind this blockchain and its development, recently disclosed that they submitted an upgrade proposal. This will allow the Cardano testnet to hard fork “into the Alonzo era”. ❗🍴 Today, we have just submitted an upgrade proposal to the #Cardano testnet to hardfork the chain into the #Alonzo era and enable smart....
Cardano, the third cryptocurrency ranked by market cap, has successfully applied the “Alonzo” hard fork, adding smart contract capabilities to its functionality. The update, that had been deployed in testnet days ago, finally was incorporated in mainnet yesterday. Cardano is now looking to deploy defi apps, and there are already several parties working on widening the Cardano ecosystem in that regard.
Cardano Enters Smart Contracts Arena
Cardano, one of the leading cryptocurrency chains by market cap, has successfully applied the “Alonzo” hard fork.....