Cardano Launches Smart Contracts on Testnet, ADA price to New Highs

On Sep 3, 2021

Because of the news of smart contract deployment on the Cardano Testnet, the price of the ADA coin is surging rapidly.

On 2 September, Input Output Hong Kong Global informed their followers that they successfully deployed a smart contract feature on the Testnet of Cardano and now they will work on the testnet of small exchange and integration based development. And as per expectations, they are still sure that they will bring smart contracts on Mainnet by 12 September.

Yesterday, we upgraded the #Cardano testnet, successfully deploying #Plutus #smartcontracts capability. The focus now is on final component testing & exchange integrations, ahead of the #Alonzo mainnet upgrade, still on track for deployment on 12 September 💪 #Cardano $ADA pic.twitter.com/lrdiYIiNKD
— Input Output (@InputOutputHK) September 2, 2021

Due to this news, the price of ADA coins is growing rapidly and it seems that it is not going to stop until the smart contract feature will get deploy on the mainnet.

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Since last month, the price of ADA coins has increased from $2+ to $3+. The maximum all-time high was yesterday, where ADA touched around $3.09.

The most likely reason behind the surge of the ADA coin price is smart contract feature deployment ( Alonzo Hardfork).

Right now developers can now access the smart contract feature on Cardano Testnet network in advance that how it works and how the functionality has potential to provide something better features than another platform with better safety.

Two days back, Charles Hoskinson, CEO and founder of Cardano, said that they are also studying on the Solana network and there are chances in the future to establish a collaboration between Sol & Cardano team on the demand of the community.