Cardano Price Rally Not Even Scratching the Surface of Its Potential?

cryptocurrency 9 months ago

Cardano's price has jumped 60% since the start of August after the team behind it set a date for its smart contract launch. Will there be a correction after such a serious jump, or is this just the beginning of a larger rally in the coming years? 🚀 Save money on every crypto trade you make with StormGain! Enjoy a onetime 0.1% trading fee with this link: Cardano's approach differs from many digital currencies on the market -- it prioritizes thorough research. Its team peer reviews and stress tests everything before implementation. That means the final product is likely to be more robust and work more smoothly. However, it also means it's taken until this year to introduce smart contract functionality. It is currently carrying out its final tests, and the team says it will launch the smart contract upgrade (called Alonzo) on September 12. Committing to a fixed date has given Cardano's price a considerable boost. According to CoinMarketCap data, Cardano broke the $2 mark for the first time since the May crypto price peak. It reached a high of $2.25 over the weekend, taking it close to its all-time high of $2.46 on May 16. The long-awaited smart contract launch will reassure investors, who will now be watching closely to ensure Cardano, sticks to its deadline. Over time, Cardano might be able to knock Ethereum off the top spot. A more likely scenario is that both cryptocurrencies continue to grow and both will be part of the future crypto landscape as it evolves. What's for sure is that without smart contracts, Cardano wouldn't even have made it to the starting line. 📊 Join our global trading community on Telegram. Get access to a free trading course, trading signals, and receive help from professional cryptocurrency traders. ✈️ JOIN NOW!: TWITTER: FACEBOOK: INSTAGRAM: TIKTOK: Disclaimer: Although BeInCrypto aims to inform and educate readers from all over the world, it is important to remember that investing in cryptocurrency is risky. Neither this video nor its authors should be held responsible for any investment decisions, and nothing published here should be considered financial advice. We always urge our readers/viewers to do their own research and never invest more than they can afford to lose.
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