Cardano’s smart contract test is positive-will the price rise soon? | By Lukas Wiesflecker | The Capital | June 2021
Positive news of Cardano for ADA fans. As the first follower of Ethereum, Cardano (ADA) can now look back on another important success: the first smart contract test on Alonzo has been successful.
The integration of smart contracts into the Cardano network is in full swing. The first trial run of Alonzo has been completed. If the work continues as planned, the smart contract may be fully launched as early as September. Recently, development work has been repeatedly postponed.
Despite this, the ADA curriculum has achieved tremendous growth this year. At the beginning of the year, the price was still $0.18. At the same time, 1 ADA paid $1.50. The development stages of smart contract functions are divided into different colors.
The current stage the developers are in is called Alonzo Blue. It is planned to transition to Alonzo White in the near future. To do this, partners must first prove that they can create basic scripts on the blockchain. Once it reaches the Alonzo Purple stage, the testnet will finally be made public.
Cardano was launched in 2015 by Ethereum co-founder Charles Hoskinson. The goal of the developers is to create a better Ethereum. Smart contract is an important aspect of it. Unfortunately, this is not yet possible on the Cardano blockchain.
This again caused criticism. However, this criticism will soon become a thing of the past. ADA has a market value of approximately US$48 billion and is a strong competitor to ETH (market value of US$282 billion). In addition to ADA, Solana (SOL) and Polkadot (DOT) as the so-called Ethereum killers have also attracted attention recently.
ADA stock price has not yet reacted to the Cardano news. Nevertheless, it is expected that a new high will be reached after the final stage is completed, as this will greatly increase the capabilities of ADA.