Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Altcoins
  • Cardano (ADA)
  • Crypto Trading
  • Cryptocurrency
  • News
  • Price Analysis

Smart Contract Upgrade Sends ADA To New All-Time High

Alicia Maher September 2, 2021 3 min read

Ahead of an incoming smart contract upgrade, popular token ADA, the native coin of the Cardano Network has yet again reached another all-time high. Cardano has been one of the biggest success stories of the past year in the crypto community. Coming from obscurity as a relatively newer coin, it has been previously billed as the underdog to its major competitor Ethereum. Detractors have recently been put to rest however with the impressive run we’ve witnessed by the Cardano team over the past year.


trade now

Cardano is a decentralized token created by Ethereum co-founder Charles Hoskinson in 2017 following a dispute between him and fellow founder Vitalik Buterin. Since then, Cardano has taken its time to establish itself as more than just an Ethereum spin-off and is now the third-ranked cryptocurrency in the world by market cap. Named after the mathematician Gerolamo Cardano, Cardano serves to fix a lot of the problems that more popular networks such as Ethereum and Bitcoin do not. With a large percentage of the arguments against Bitcoin being centered around its energy consumption due to its intensive proof-of-work (POW) protocol, Cardano fulfils a niche that Bitcoin does not. Rather than operating on the same proof-of-work protocol that Bitcoin and Ethereum use to verify transactions, Cardano instead uses a proof-of-stake (PoS) protocol. This has led to significantly less energy consumption in comparison to other chains relying on PoS.

Cardano Price Moons On Testnet Launch

Over the past year, Cardano’s energy-efficient network along with its team has allowed it to gain increasing attention from investors. Its price went from a $0.076 last year to a mouth-watering $2.2 high in May. Following the ensuing slump in the market, the Cardano team did not rest on their laurels. They have gained investor confidence and have since then bounced back. 

The announcement of the impending introduction of smart contracts to the Cardano Network further sent ADA to new highs earlier this month where it broke its previous all-time high established in May. Wednesday saw the first rollout of the new smart contract upgrade codenamed ‘Alonzo’. Although this upgrade was only integrated into the test network (testnet) Cardano’s price broke yet another barrier and reached a new all-time high. This has solidified investor confidence even more as people now look ahead to the much-anticipated launch of the upgrade on the main network on September 12th. While the launch on the mainnet might not see the same meteoric rise in value that occurred with Binance-owned BNB, all signs point to the positive for the future of ADA.

Amidst the recent testnet launch, Cardano was also featured on CNBC and a french news channel ‘CNews’ where it was described as an ecological Bitcoin. With Cardano’s energy-efficient PoS being central to its operation, this characterization is not far off the mark and will continue to be a major driving force in its ongoing rise.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Volatility of Bitcoin Could Cause Investors to Turn Towards Gold
Next: Bitcoin Exceeds $50,000 Following Ethereum’s largest Single-day Surge in 6 weeks

Related Stories

$240M Liquidations In 24 Hours; Why Is ETH Price Crashing?
3 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

$240M Liquidations In 24 Hours; Why Is ETH Price Crashing?

May 27, 2022
27 May Crypto Prices: Bitcoin Explores $28K Amid Persistent Bearishness
2 min read
  • Altcoins
  • Bitcoin (BTC)
  • Crypto Trading
  • Ethereum (ETH)
  • News
  • Price Analysis

27 May Crypto Prices: Bitcoin Explores $28K Amid Persistent Bearishness

May 27, 2022
Cardano (ADA) Extends Downward Following Substantial Damage – May 27 Analysis
2 min read
  • Altcoins
  • Cardano (ADA)
  • Crypto Trading
  • Cryptocurrency
  • News
  • Price Analysis

Cardano (ADA) Extends Downward Following Substantial Damage – May 27 Analysis

May 27, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$28,862.00
-2.15%
ethereum
Ethereum (ETH)
$1,758.17
-3.87%
tether
Tether (USDT)
$1.00
0.08%
usd-coin
USD Coin (USDC)
$1.00
-0.23%
binancecoin
BNB (BNB)
$302.83
-2.40%
ripple
XRP (XRP)
$0.385110
-2.78%
Binance USD
Binance USD (BUSD)
$1.00
-0.27%
cardano
Cardano (ADA)
$0.461693
-4.43%
dogecoin
Dogecoin (DOGE)
$0.081419
2.92%
polkadot
Polkadot (DOT)
$9.30
0.84%

Recent Posts

  • $240M Liquidations In 24 Hours; Why Is ETH Price Crashing?
  • 27 May Crypto Prices: Bitcoin Explores $28K Amid Persistent Bearishness
  • Cardano (ADA) Extends Downward Following Substantial Damage – May 27 Analysis
  • Ethereum, Ripple, Cardano Price Analysis – 27 May 2022
  • Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
  • UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
  • 26 May Crypto Prices: SOL, DOT, ETH, AVAX Lose Up to 5%
  • ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
  • CharterPrime Review – Is CharterPrime Scam or a Proper Broker?
  • Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain
  • Grayscale Is Planning On Listing Its First European Exchange Traded Fund
  • Celsius Is Planning On Taking Its Crypto Mining Business Public
  • Terra Team May Not Redeem Promised Refunds, Especially For Smallholders – Whistleblower
  • Coinbase Adds BNB Chain And Avalanche To Token Swap Service
  • Richardson Lewis Review – Is Richardson Lewis Scam or a Proper Broker?

Categories

You may have missed

$240M Liquidations In 24 Hours; Why Is ETH Price Crashing?
3 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

$240M Liquidations In 24 Hours; Why Is ETH Price Crashing?

May 27, 2022
27 May Crypto Prices: Bitcoin Explores $28K Amid Persistent Bearishness
2 min read
  • Altcoins
  • Bitcoin (BTC)
  • Crypto Trading
  • Ethereum (ETH)
  • News
  • Price Analysis

27 May Crypto Prices: Bitcoin Explores $28K Amid Persistent Bearishness

May 27, 2022
Cardano (ADA) Extends Downward Following Substantial Damage – May 27 Analysis
2 min read
  • Altcoins
  • Cardano (ADA)
  • Crypto Trading
  • Cryptocurrency
  • News
  • Price Analysis

Cardano (ADA) Extends Downward Following Substantial Damage – May 27 Analysis

May 27, 2022
Ethereum, Ripple, Cardano Price Analysis – 27 May 2022
2 min read
  • Altcoins
  • Cardano (ADA)
  • Crypto Trading
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

Ethereum, Ripple, Cardano Price Analysis – 27 May 2022

May 27, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%