Charles Hoskin’s Upcoming Update on Cardano, While ADA Will Soon Hit $3

Charles Hoskin's Upcoming Update on Cardano, While ADA Will Soon Hit $3
  • Users will deploy smart contracts once the Cardano hard fork happens.
  • With this upcoming development Cardano will soon hit $3.

Charles Hoskinson, a founder of Cardano has made an announcement that users will deploy smart contracts once the Cardano hard fork happens. Most of the upcoming updates will happen between August and September of this year.

Hoskinson recently discussed Cardano updates on his Youtube live stream. However, he shared about the upcoming Alonzo hard fork.

Hoskinson said,

“we are on schedule, things are moving along, chugging away”

ADA founder also discussed the requirements required for the update. He admits that a lot of work is needed. Hoskinson mentioned that there are two parallel tracks taking place at the same time to launch Alonzo. Track one is the hard fork combinator event that is strictly about getting Alonzo capabilities to the node the other is about creating the infrastructure around the node that enhances you to run both off-chain and on-chain code and creates full dApps.

Moreover, Hoskinson expects that the whole Cardano ecosystem will expand its international adoption effort with the upcoming fork. 

Cardano (ADA) Will Hit $3 Soon

Cardano is the fifth largest digital currency in the crypto market. The platform has been slowly moving its network to expand into a huge worldwide blockchain ecosystem. Moreover, the network recently reached a milestone of more than 660,000 staking addresses. However, with more than $29 billion in funds staked in total, which is over 70% of the total supply. 

According to CoinMarketCap, the ADA price is trading at $1.34, with a 24-hour trading volume of $1,674,826,344, at the time of writing.

ADA/USDT Price Chart (Source: TradingView)

ADA has a fantastic future ahead of it in 2021. All-in-all, with this upcoming development Cardano will soon hit $3.

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Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.