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ADA commences smart contracts

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@melbourneswest
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Well here we go, this September is already gearing up for an impressive buck to the trend with it traditionally being a month of dips it's already looking at bucking the trend with some serious growth in a few tokens such as Solana, Luna and Ethereum.

However, the shining star this run is Cardano which trades as ADA. Where relatively unknown and not picking up traction in the early years it spent the pass few years rebuilding.

Focusing on addressing its Decentralisation and governance through the Goguen upgrade which has been successful. ADA than moved onto the Alonzo Hard Fork that enabled developers to create smart contracts.

(Source:Coingecko)

The Alonza Hard Fork upgrade was announced in July for an August commencement. The announcement has seen ADA grow 137% to claim the 3rd spot holding over 4% of the entire market share.

ADA has launched the Alonzo Hard Fork on its testnet and developers are already heading over to test the Smart contracts of the ADA network.

The mainnet launch is set to occur on the 12 September 2021 where current dapps will be showcased to the public Source.

Will it be enough to remain a top player?

Source

The announcement from ADA is a good sign of things to come and provides significant market confidence. With a Proof of Stake network it is safe and secure and already able to process transactions quicker and cheaper than Ethereum.

But it yet remains to be seen if ADA will remain in the 3rd position and what benefits smart contracts will have for the network without enabling the current trend of Decentralised Finance and NFTs.

Every block chain to launch is focusing on the same thing and where some may pick up some of the market action not many are remaining top players. Ethereum remains the popular choice for investors and its price rise is hard to ignore.

The alternative is gaming with many gaming platforms mainly launching on Ethereum are seeing significant price rises and investment.

Where ADA is a wonderful block chain we are still yet to see if it will continue to surge and flip Ethereum which witting at the $98Billion market cap its not too far away. Affordable token price which opens it up to speculation and Affordable entry may help it rise a few more dollars.

What are your thoughts, will ADA reach $10 - $20 or will it crash in the next dip?

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Posted Using LeoFinance Beta