Not to mention that ADA cryptocurrencies have jumped so high, over 400% so far for the 2021 record due to the efforts of the IOHK development team and some interesting reports.
ADA developer Cardano recently reported the launch of the latest Goguen update, replacing the previous protocol, Shelley.
While the update is limited to the general project testing phase, Goguen offers smart contract functionality through Cardano, converting the project to a centralized financial platform (DeFi) and Ethereum competitor.
IOHK, a Hong Kong-based development group, has announced to stop production of the new block on March 31 as a transition effort to Goguen.
The firm also said it was intensifying efforts to implement blockchain in Africa with the Cardano Foundation. The effort is a productive step in creating the potential corridor of millions of new ADA users.
Not only that, the market is seen to be responding to the growth of potential consumers for Cardano, bringing this cryptocurrency into fourth place based on market capitalization.
Last Friday, the ADA jumped to a price of $ 0.97 near the all-time high (ATH) recorded in 2018.
However, as the ADA traded at 0.80, it declined 9.76% in 24 hours and recorded a market capitalization of over $ 24 billion, returning to fifth position after XRP.
