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$ 94,310.5
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$ 0.6626
ADA
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$ 600.01
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Sahaj Sharma
Sep 2, 2021
by Sahaj Sharma

Cardano (ADA) Touches $3 Mark as IOHK Reveals Testnet Now Supports Smart Contracts

Cardano $3 Testnet
In accordance with the price action data revealed by some leading crypto exchanges, Cardano (ADA) has managed to touch the $3 mark following an announcement from IOHK regarding the extension of support to smart contracts by the Testnet. After this, Cardano has become the second cryptocurrency to witness such commendable gains with Solana on the top.

IOHK Confirms Testnet Supporting Smart Contracts, Cardano (ADA) Hits $3

Well, the fact that Cardano has made its investors wealthy can not be neglected as the cryptocurrency has gained over 1,567 percent in the year 2021.

Because of this much surge in the prices of Cardano, it is on the news almost all the time and is acquiring a lot of coverage from mainstream media. 

In addition to this, it should be noted that on French TV, Cardano ADA was described as an ecological Bitcoin.

Meanwhile, Bitcoin is struggling to break through the $50K mark and altcoins are stealing the show.

Moreover, Cardano has been surging hard in the excitement of the much-awaited Alonzo upgrade and most recently, in an announcement made by the IOHK, the Cardano testnet now officially supports smart contracts.

Record Weekly Inflows Witnessed in ADA Investment Products

In accordance with the report released on August 30, by the largest digital asset investment firm in Europe, CoinShares, Cardano investment products had their highest weekly inflow ever. 

The latest version of this report that came on Monday revealed that while Bitcoin witnessed outflows for the 8th consecutive week with outflows totaling $3.8 million, Cardano witnessed inflows totaling $10.1 million.

Also, the data shared by TradingView, ADA has been changing hands around $2.84, up 2.35% in the past 24 hours.

The Lead Engineer at dcSpark, a blockchain startup, Nicolas Di Prima, gave an interview to the Cardano Live podcast, during which he talked about the sidechain project of the company.

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Cardano Smart Contracts ADA IOHK Alonzo Upgrade
Cardano (ADA) Touches $3 Mark as IOHK Reveals Testnet Now Supports Smart Contracts
Sahaj Sharma
Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.

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