ADAUSD Possible correction | Market outlook
Users are awaiting a hard fork of the Cardano network called Alonzo, which will allow the integration of smart contracts. It will happen during the Alonzo Purple update, which is slated to activate on September 12 – much earlier than investors expected. Currently, smart contracts are already available on the test net, where developers are performing the latest tests of their components. Their launch will allow the creation of decentralized finance applications on the Cardano blockchain, leading to an increase in demand for ADA and an increase in its price.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.