Cardano climbs up before the introduction of smart contracts

Ada achieved an increase of over 10 % yesterday, since the excitement for the upcoming Alonzo-Hhard Fork grows, which will enable dapps

Many cryptocurrencies made profits on the holiday weekend, but Cardano (ADA) led the indictment.

After ADA reached an all-time high of $ 2.51 in mid-May, it lost more than half of its value from the infamous crypto crash last month. After ADA fell under 1.40 USD on Saturday, it made profits on Sunday and Monday and recovered to USD 1.73 at the time of writing

A likely driver of this newly gained dynamic is the excitement around the upcoming Hard Fork. Named after the American mathematician and computer scientist Alonzo Church, the Hard Fork "Alonzo" Cardano will give new skills.

With the update, Plutus scripts are integrated into the blockchain, which enable the provision of intelligent contracts. This means that Cardano will be able to support a number of decentralized financial applications (Defi) for the first time.

iohk, the company that developed the Cardano-Blockchain, Last week the start of the first Alpha testets, Alonzo Blue. A selected group of Spos and Plutus pioneers now lay the foundation.

The complete roll-out will take place in a series of Colored levels . The first test network follows Alonzo White, in which performance benchmarks are carried out and decentralized apps (DAPPS) are demonstrated. The testnet will be published with Alonzo Purple, probably around the beginning of August.

ada has recently reached other milestones, such as overtaking users according to the number of users, according to cex.io . The coin also beat 1 billion ada-wallets last month.