Cardano (ADA) has pushed past the psychologically important $0.50 barrier amid high buying interest from investors. Launched in December, Cardano’s third phase “Goguen” was focused on the integration of smart contracts into the blockchain.
Cardano’s market cap is near touching $20 billion in market capitalization and is behind only Bitcoin (BTC), Ethereum, and Tether (USDT) at the number four spot, according to CoinMarketCap data.
Smart contract platforms are seeing increased interest in general, with Ethereum (ETH) and Polkadot (DOT) seeing similar surges.
In this matter Forbes interviewed Daniel Wolfe of Moscow-based Halycon Global Opportunities, a crypto fund. He stated that Cardano’s blockchain is being “built and released in stages, based on a number of design principles.”
This technique “allows for economic transactions that contain more information that is important for institutional investors, corporations and regulators.”
One of Cardano’s co-founders has also been a co-founder of Ethereum (ETH) who has skyrocketed and is the second largest crypto in the market.
The addition of a multi-currency ledger will also extend the usefulness of the blockchain further, as per the Cardano roadmap.