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Cardano Hits $3 for the First Time as Testnet Now Supports Smart Contracts

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Thu, 09/02/2021 - 04:02
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Alex Dovbnya
Cardano has managed to hit the $3 mark for the first time in history
Cardano Hits $3 for the First Time as Testnet Now Supports Smart Contracts
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Cardano (ADA) surpassed the $3 mark for the first time on the Bitfinex exchange at 2:00 a.m. UTC.

ADA
Image by tradingview.com

It is the biggest gainer over the past week after Solana (SOL).
 
The native cryptocurrency of the largest proof-of-stake blockchain is up by more than 1,567 percent in 2021.

Because of its blistering price rally, ADA is getting more and more press coverage in the mainstream media.       

In the meantime, Bitcoin, the largest cryptocurrency, is struggling is to break above the $50,000 mark, with altcoins seemingly stealing all the spotlight.

Related
Cardano to Launch Smart Contracts on Public Testnet Tomorrow

Smart contracts launch on the testnet

ADA has been rallying hard in anticipation of the much-awaited Alonzo upgrade.     

According to a recent announcement by IOG, the Cardano testnet now officially supports smart contracts.

The team says that final testing and integrations are now ahead of the mainnet launch that is slated to take place on Sept. 12. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.