Cardano (ADA) Crosses $2 Threshold Ahead of Smart Contract Launch

2021-8-14 12:40

ADA has passed the $2 mark, becoming the third-largest cryptocurrency in the world ahead of its proposed smart contracts launch.

Cardano’s ADA has overtaken Tether to become the third-largest cryptocurrency in terms of market cap. The price of ADA currently sits at $2 with a market capitalization of  $63.88 billion which marks a 12-week-high. Over the past 24-hours, the price has continued to surge and is up 12% at the time of writing. BTC ($871.61 billion) and ETH ($377.23 billion) make up the top two spots globally while Tether ($63.31 billion) and Binance Coin ($61.27 million) round out the top-five coins.

The rush on ADA has been attributed to the upcoming launch of Cardano’s smart contract feature. After Cardano’s founder Charles Hoskinson announced the upcoming debut of a smart contract feature, ADA prices surged 20%  from $1.54 to $1.88 on August 11, a two-month high at the time. The spike to over $2 represents an uptick of around 100% from just a few weeks ago on July 20 when the price dipped to around $1. 

Cardano launching smart contracts

In a video posted to IOHK’s YouTube channel, Cardano’s Marketing and Communications Director Tim Harrison spoke with the team’s Head of Delivery, Nigel Hemsley, about the ‘Alonzo’ smart contract rollout. When asked about the specific date of launch, Hemsley says that “we can have a complete smart contract release ready for people to use our full smart contract toolbox ready for the Alonzo hard fork and this is the date that we’re aiming at Monday, September 12th.” Hemsley added a hard fork of the test net that will occur on September 1st with the main net release following a week and a half of testing. 

Harrison concluded the video by giving an additional two dates to be aware of. September 25 and 26 will be the Cardano Summit, a virtual world and real-world event with events in London, Miami, Berlin, Cape Town, Tokyo, New York, and Wyoming. 

The long-awaited upgrade to Cardano is geared at helping them compete with Ethereum and try to go from the third-biggest crypto to the second. Ethereum currently supports the majority of DeFi apps including exchanges and lending protocols. 

The post Cardano (ADA) Crosses $2 Threshold Ahead of Smart Contract Launch appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

SmartCash (SMART) на Currencies.ru

$ 9.67E-5 (+3.20%)
Объем 24H $55
Изменеия 24h: 4.16 %, 7d: 11.51 %
Cегодня L: $9.67E-5 - H: $9.67E-5
Капитализация $136.673k Rank 2190
Цена в час новости $ 0.0032958 (-97.07%)

smart ahead launch ada cardano crosses threshold

Источник: beincrypto.com

smart ahead → Результатов: 56


Фото:

Why Cardano Is Expected To Thump Never-Before-Seen Levels After Smart Contracts Rollout

Cardano is less than one month away from finally deploying its Alonzo smart contract capability upgrade that will enable the development of decentralized applications on the platform. High anticipation in the crypto community ahead of the launch has led to speculation that ADA is on the verge of the biggest breakout in its history. In […]

2021-8-11 21:45


Aeternity Drops Coin into SatoshiPay, Plans to Integrate Smart Contracts and Micropayments

Aeternity, which is a blockchain developer ecosystem, has gone ahead to announce that they have just acquired a stake at the SatoshiPay, they made this announcement during their last funding round. It is the integration of the micropayment services platform as being part of the broader push, to ensure they have put in place the […]

2019-3-21 05:39


Фото:

NEO Founder: Blockchain Infrastructure Not Ready for Mass Adoption

Bitcoinist spoke with NEO founder Da Hongfei at NEO DevCon in Seattle, who gave a detailed vision of the road ahead. Blockchain technology is still ahead of its time. Despite NEO’s evolution mirroring that of the wider Crypto market over the past 12 months, charismatic founder Da Hongfei assures an attentive audience at NEO DevCon that the ‘smart economy’ project remains perfectly fiscally healthy.

2019-2-21 02:00


Фото:

NEO Founder: Blockchain Will Develop in Layers Like The Internet

Bitcoinist spoke with NEO founder Da Hongfei at NEO DevCon in Seattle, who gave a detailed vision of the road ahead. Blockchain technology is still ahead of its time. Despite NEO’s evolution mirroring that of the wider Crypto market over the past 12 months, charismatic founder Da Hongfei assures an attentive audience at NEO DevCon that the ‘smart economy’ project remains perfectly fiscally healthy.

2019-2-21 02:00


CargoX Blockchain Logistics Partners with RoadLaunch to Open New Intelligent IoT Smart Bill of Lading

One of the independent suppliers of the blockchain based solutions for use in logistics, the CargoX, has gone ahead to partner with RoadLaunch. The RoadLaunch has been established as an IoT together with a digital freight management platform that is blockchain based, one that has been able to attract thousands of users. With this new […]

2019-1-31 03:45


дальше еще 7 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Cardano Active Addresses Increased by Over 200% Despite ADA Price Slip

The active address count on the Cardano network increased by more than 200% this month. The number currently stands at 191,500, though it peaked at 485,000 towards the tail end of November. The post Cardano Active Addresses Increased by Over 200% Despite ADA Price Slip appeared first on BeInCrypto.

Cardano Surges in Anticipation of Smart Contract Functionality

The native token of Cardano (ADA) surged to a two-month high this week, in anticipation of the network's smart contract capability finally launching. The post Cardano Surges in Anticipation of Smart Contract Functionality appeared first on BeInCrypto.