Cardano’s ADA token rose more than 7% on Thursday, hitting a high of over $ 3 when the project’s lead developer announced that smart contracts would be enabled on the test network and blockchain would approach competition with Ethereum. became.
The price of ADA rose to $ 3.09 and then fell to about $ 2.97 at the time of the press.
The latest meeting was when chief developer IOHK, led by Charles Hoskinson, tweeted that Cardano’s test network had successfully implemented smart contract capabilities and will focus on the ongoing upgrade of the “Alonzo” main network. It was done in. September 12. “”
Cardano is currently the third largest cryptocurrency by market capitalization ($ 93.7 billion), second only to competitors Bitcoin ($ 934 billion) and Ethereum Ether ($ 439 billion). ADA tokens rose 1.583% this year, compared to 69% for Bitcoin and 417% for Ether.