Top Analyst Benjamin Cowen Highlights Advantage Cardano (ADA) Has Over Other Smart Contract Platforms
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Charlie Bilello, the founder and CEO of Compound Capital Advisors, has some hours ago shared the returns over last year of the top 10 cryptocurrencies, including the United States national currency, US Dollar, and the precious metal, Gold.

According to the list shared by Bilello, Cardano (ADA), the 6th largest cryptocurrency by market capitalization, outperformed every other top 10 digital currencies in the market.

Read Also: Charles Hoskinson: Cardano (ADA) Goguen Launch Remains as Slated; New Yoroi Extension for Mary Released

Cardano (ADA) is the Best Performer over the Last Year

According to the one-year return list of cryptocurrencies shared by Charlie Bilello, the only digital token that came close to Cardano (ADA) in the last year in terms of price performance is Binance Coin (BNB) with +3,058% returns.

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On the other hand, Bitcoin (BTC), the largest cryptocurrency by market cap, only managed to return over +728% in the last year, while the world’s most glorified fiat currency, US Dollar lost relatively 8% of its value over the last one year.

Read Also: Binance Adds Cardano (ADA), Litecoin (LTC), Verge (XVG), and 5 others to Convert Function

Charlie Bilello tweeted, “Returns over last year… Cardano ADA: +3,290% Binance Coin BNB: +3,058% Polkadot DOT: +1,353% Ethereum ETH: +1,171% Uniswap $UNI: +953% Chainlink LINK: +875% Bitcoin BTC: +728% XRP XRP: +532% Litecoin LTC: +406% Bitcoin Cash $BCH: +161% Gold: +3% US Dollar Index USD: -8%.”

Alonzo Protocol Upgrade Will Add Support for Smart Contracts

The price of the digital token ADA has leveraged the successive developments around the emerging smart contract platform, Cardano, to perform excellently. Some crypto analysts are still optimistic that the cryptocurrency is poised to surge further as the blockchain platform prepares for the implementation of smart contracts.

On 8th April 2021, IOG published an article that comprehensively described the path to smart contracts implementation on the Cardano blockchain through the Alonzo protocol upgrade. This is expected to play out in August this year.

Read Also: Cardano Smart Contracts to Work with Various Programming Languages like Java, C++, Python

In a tweet, IOG wrote, “Implemented using our hard fork combinator technology, the Alonzo protocol upgrade will add support for smart contracts & open up opportunities for businesses and developers, by allowing the creation of smart contracts & DApps for DeFi.”

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Tobi Loba

By Tobi Loba

Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.