Cardano Has Set A New Record

Cardano has set a new record. Cardono also broke an all-time high.

Charles Hoskinson, CEO of engineering and research company IOHK (Input Output Hong Kong) and founder of Cardano, announced on Friday last week that they will deploy smart contracts technology. Cardano (ADA), on the other hand, rose above $ 2 in a short time in anticipation of an announcement. After the official announcement on Friday, the rise continued this week and Cardano finally broke its all-time high. Cardano, which exceeds the $2.50 level in the morning and constantly updates its ATH price, will be able to integrate the applications of decentralized finance platforms, which have functions such as automatic lending and trading with the smart contracts feature, into its own system. As it is known, Cardano is one of the biggest competitors of Ethereum and aims to surpass it thanks to this functionality to be gained. Cardano (ADA) became the third largest coin by market capitalization last week, surpassing Binance's own token, BNB, and then the largest stablecoin, USDT. But it may not be easy for ADA to leave ETH behind in a short time. It must be difficult for ADA, which has reached a market value of $ 80 billion with its rise in recent weeks, to catch up with $ 377 billion ETH.