Cardano reaches all-time high, ahead of software update
Cryptocurrency Cardano (ADA) has risen to new highs, trading at an apogee value of $3.09 on Thursday, according to Coingecko.
Cardano’s ascent to being the third-largest cryptocurrency traded in the world comes from claims to be a climate conscious cryptocurrency. Its scheduled network upgrade billed for this month is said to also positively rob off.
The token has been on an uphill climb the past month, after Charles Hoskinson announced a September network upgrade named “Alonzo”.
“The Cardano Testnet now officially supports Plutus smart contracts. Final testing & integrations ahead. SPOs will now upgrade their mainnet nodes. Then next stop… mainnet upgrade. Still on track for 12 September. Onward!” He tweeted.
This upgrade will allow the Cardano blockchain process smart contracts and agreements between buyers and sellers. This will allow the digital asset to compete with Ethereum that currently dominates the decentralised finance industry.
Peoples Gazette reported that Cardano’s price doubled in August, hitting $166.4 billion.
The lowest price of the token was USD 1.2223 in July, but as of the time of filing this report a Cardano coin is trading for about $3 per unit, raising its market cap to over $90 billion and making it the third-largest crypto traded globally.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Suspect arrested over alleged vandalism of TCN towers in Yola
The TCN noted that vandalism posed a severe structural threat to the towers.
NationWide
FRSC targets improved road services
Mr Akume said that the session reflected the need to build stronger institutions.
States
Leaders urged to enthrone security in Northern Nigeria
Mr Adebayo advocated sustained investment in agriculture and productive enterprises to create jobs and reduce poverty.
States
Northern leaders advised to curb almajirai menaceÂ
The professor lamented that while lavish mansions continued to spring up across the region, millions of children remained homeless, hungry and without access to education.
NationWide
Consumers willing to pay for electricity if accurately metered: Expert
Mr Adekahunsi said that poor metering remained a challenge in the country’s power sector.
States
Gov. Makinde to roll out 50 electric buses to ease transportation in Oyo
Mr Makinde noted that projects nominated by residents during town hall meetings were already being implemented across the state.
