{"id":47516,"date":"2021-08-11T13:47:10","date_gmt":"2021-08-11T10:47:10","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=47516"},"modified":"2025-09-01T21:47:07","modified_gmt":"2025-09-01T18:47:07","slug":"cardano-price-jumps-18-after-smart-contract-launch-announcement","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cardano-price-jumps-18-after-smart-contract-launch-announcement\/","title":{"rendered":"Cardano price jumps 18% after smart contract launch announcement"},"content":{"rendered":"<p>The price of Cardano (ADA) cryptocurrency rose 18% in 24 hours on the back of founder Charles Hoskinson&#8217;s statement that the launch date for smart contracts would be disclosed soon as part of the Alonzo upgrade.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Brief Update <a href=\"https:\/\/t.co\/mDR4U0BFBW\">https:\/\/t.co\/mDR4U0BFBW<\/a><\/p>\n<p>\u2014 Charles Hoskinson (@IOHK_Charles) <a href=\"https:\/\/twitter.com\/IOHK_Charles\/status\/1425204623745323018?ref_src=twsrc%5Etfw\">August 10, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The upgrade will enable the deployment of decentralized finance (DeFi) applications.<\/p>\n<p>The Cardano Foundation also launched its own native NFTA tokens. The new tokens are native Cardano assets and do not require additional smart contracts.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">NEW DEV BLOG: How we minted the NFTAs, and why we went for this standard<\/p>\n<p>Tokens built on <a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&#038;ref_src=twsrc%5Etfw\">#Cardano<\/a> are native. Unlike Ethereum\u2019s ERC-20 tokens, Cardano doesn\u2019t require a smart contract.<\/p>\n<p>Check out the article for more: <a href=\"https:\/\/t.co\/n2q73f3AfF\">https:\/\/t.co\/n2q73f3AfF<\/a><a href=\"https:\/\/twitter.com\/hashtag\/CardanoDeveloperPortal?src=hash&#038;ref_src=twsrc%5Etfw\">#CardanoDeveloperPortal<\/a><\/p>\n<p>\u2014 Cardano Foundation (@CardanoStiftung) <a href=\"https:\/\/twitter.com\/CardanoStiftung\/status\/1425343726117920769?ref_src=twsrc%5Etfw\">August 11, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>NFTA stands for \u201cNon-Fungible Tokens of Appreciation\u201d. They will be awarded to developers who helped create the Cardano Developer Portal.<\/p>\n<p>As of writing, ADA was trading at $1.77. The coin ranks fifth by market capitalization.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/SZACJzpTIZg63u-9wty188m0nRC3aevP4RT1tRg3L1wX-OTsH71B4e8kwa6qXi1tfnJgOivWL0FLsFRNzt_OTgOIKpDqkTXLLX3lUbf-16Nr5MmoA26r2xU6Drl75BS8Y6TBjnt5\" alt=\"Cardano price rose 18% after smart contract launch announcement\"\/><figcaption>Hourly ADA\/USDT chart. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BITTREX%3AADAUSD\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>In March, the Cardano network underwent the <a href=\"https:\/\/forklog.com\/en\/news\/cardano-developers-roll-out-the-mary-hard-fork-with-native-token-support\">Mary hard fork<\/a> with support for creating native tokens.<\/p>\n<p>In July, the Cardano Foundation unveiled the <a href=\"https:\/\/forklog.com\/en\/news\/cardano-foundation-unveils-five-year-development-plan\">development plan for the next five years<\/a>. By 2026 the organisation aims to increase the platform ecosystem&#8217;s user base to 1 billion.<\/p>\n<p>Follow ForkLog\u2019s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> channel \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of Cardano (ADA) cryptocurrency rose by 18% in 24 hours on the back of founder Charles Hoskinson&#8217;s statement that the launch date for smart contracts would be disclosed soon as part of the Alonzo upgrade.<\/p>\n","protected":false},"author":1,"featured_media":47517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1401,54,1134],"class_list":["post-47516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cardano-ada","tag-smart-contracts","tag-technical-updates"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/47516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=47516"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/47516\/revisions"}],"predecessor-version":[{"id":47518,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/47516\/revisions\/47518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/47517"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=47516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=47516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=47516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}