Cardano (ADA) Rises With 6.5% Price Increase

Cardano (ADA) saw its value rise by 6.5% in the past 24 hours, garnering significant attention within the cryptocurrency market.

While ADA is surging, the most popular cryptocurrency, Bitcoin (BTC), has stayed stable over the last hour and only made small gains over the past week.

Cardano’s Market Position and Upcoming Development Milestones

This difference in performance shows how ADA is positioned in the current market, as shown by its 24-hour growth compared to its peers’ more moderate moves.

In an interview, Cardano’s founder, Charles Hoskinson, recently discussed the network’s future changes. Plutus v3, the newest version of ADA’s smart contract platform, will likely be released at the much-anticipated next Chang hard fork.

A firm date for the hard fork has not yet been set, but the upcoming release of node versions 8.8 and 8.10 sets the stage for events to unfold in Q2 2024.

Plutus v3 is the most significant change in Cardano’s history. It has many new features and improvements, like support for new cryptographic primitives that make advanced features like rollups and zero-knowledge proofs possible.