Cardano Price Jumps 20% as Development Activity Increases
The post Cardano Price Jumps 20% as Development Activity Increases appeared on BitcoinEthereumNews.com. Arman Shirinyan Cardano developers are actively working on a project that leads to bullish volatility on the ADA chart Disclaimer: The opinion expressed here is not...
Arman Shirinyan
Cardano developers are actively working on a project that leads to bullish volatility on the ADA chart
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Cardano’s price has rapidly increased after rumors of upcoming smart contract solutions on the network and generally increased development activity, according to Santiment.
The price of the ADA token has moved by more than 20 percent in two days and almost 70 percent over a period of 20 days while following the generally bullish sentiment on the market that began in late July.
Source: SantimentThe increased average development activity of the project also may be the reason for the coin’s growth, according to the chart. As we can see on the Santiment chart, the overall development activity trend correlates with the price of an asset.
NEW DEV BLOG: How we minted the NFTAs, and why we went for this standard
Tokens built on #Cardano are native. Unlike Ethereum’s ERC-20 tokens, Cardano doesn’t require a smart contract.
Check out the article for more: https://t.co/n2q73f3AfF#CardanoDeveloperPortal
— Cardano Foundation (@CardanoStiftung) August 11, 2021
Recently, Cardano has minted the world’s first Non-Fungible Tokens of Appreciation (NFTAs). According to the developers’ blog, tokens that are going to be built on Cardano are native. Unlike ERC-20 tokens, Cardano will not require smart contracts. Every NFT or NFTA is going to be treated like a native token of the network ADA.
Source: https://u.today/cardano-price-jumps-20-as-development-activity-increases
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