Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li><keyword id="5294933" type="General" weightage="20" keywordseo="cardano" source="Orion">Cardano</keyword>’s Alonzo upgrade introduces smart contracts to the network and makes it more useful.</li><li>The ADA token has become over 100% more valuable over the past month.</li><li>The Alonzo upgrade has made Cardano the direct competitor for <keyword id="2810876" type="General" weightage="20" keywordseo="ethereum" source="Orion">Ethereum</keyword>.</li></ul>Two days after Bitcoin produced its 700,000th block amidst much fanfare, another important cryptocurrency has announced a milestone. ‘<keyword id="11993734" type="General" weightage="20" keywordseo="ethereum-killer" source="Orion">Ethereum killer</keyword>’ Cardano revealed that it has successfully rolled out the scheduled <a href="https://www.businessinsider.in/cryptocurrency/news/after-ethereum-cardano-update-alonzo-hard-fork-will-create-new-use-cases/articleshow/85592973.cms">Alonzo upgrade</a>, which introduces the much awaited ‘smart contracts’ feature — the same feature which allows for non-fungible tokens (<keyword id="902592" type="General" weightage="20" keywordseo="nfts" source="Orion">NFTs</keyword>). But the creators of the platform have warned that the first use cases may not be seen for years to come. <div type="twitter" handle="CardanoStiftung" handlename="Cardano Foundation" image="http://pbs.twimg.com/profile_images/1409583952189267992/3d-5joMC_normal.jpg" favoritecount="3532" retweetcount="730" status="&quot;The Alonzo upgrade will bring highly anticipated capabilities to Cardano... this is where the mission truly begins… https://t.co/yd6EG1tpoB" createdat="1631467052000" id="1437103093632622597"></div> The update puts Cardano in direct competition with Ethereum, giving it more flexibility in terms of applications like non-fungible tokens (<a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite&amp;is_retargeting=false&amp;shortlink=BI&amp;c=site&amp;pid=Business%20Insider&amp;af_click_lookback=7d&amp;af_channel=Business%20Insider&amp;af_adset=article&amp;af_force_deeplink=true">NFTs</a>), automated lending and more. Like Ethereum, the Cardano blockchain is also based on the proof-of-stake system, which requires miners to put up their own stake of crypto. Only those with the largest stake will be rewarded for their services. It reduces the overall computing power required for mining on a public blockchain and hence is more environmentally sound. <cmsannotation type="cmsannotation" annotationid="The third largest cryptocurrency in the world" comment="subhead" text="The third largest cryptocurrency in the world">The third largest cryptocurrency in the world</cmsannotation> To be fair, <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite&amp;is_retargeting=false&amp;shortlink=BI&amp;c=site&amp;pid=Business%20Insider&amp;af_click_lookback=7d&amp;af_channel=Business%20Insider&amp;af_adset=article&amp;af_force_deeplink=true">Ethereum</a> still leads Cardano in terms of overall market capitalisation. On September 12, Cardano had a market cap of around $82 billion against Ethereum’s whopping $400 billion market cap. However, Cardano has risen from being the simple underdog to being among the top five cryptocurrencies in the world in terms of market cap. It is currently placed in third position, behind Bitcoin and Ethereum. <cmsannotation type="cmsannotation" annotationid="Ethereum’s London Hard Fork" comment="subhead" text="Ethereum’s London Hard Fork">Ethereum’s London Hard Fork</cmsannotation> Ethereum’s <a href="https://www.businessinsider.in/investment/news/ethereum-london-upgrade-is-taking-place-today-heres-what-could-happen-after-the-update/articleshow/85065884.cms">London Hard Fork</a> rolled out on August 5 and is seen as the first step towards ‘version 2.0’ of the platform, which will arrive next year. The new system moves the Ethereum blockchain towards the proof-of-stake system like Cardano and reduces not only its environmental footprint but also the <a href="https://www.businessinsider.in/cryptocurrency/news/ethreums-update-has-boosted-ethers-price-but-the-cryptocurrencys-main-problem-is-yet-to-be-solved/articleshow/85269874.cms">transaction fees</a> required on the network. Ether’s price — the cryptocurrency which fuels the Ethereum blockchain — has risen from around $2,700 on August 5 to $3,200 on September 12, whereas Cardano’s price remains around the $2 mark. “It’s only just the beginning. But this is still a moment for celebration. As a community, we have been on an incredible journey together. Rightly, we should allow ourselves to acknowledge the tremendous efforts made by so many to get here. This will also be a time for reflection on the challenges we've collectively overcome,” <a href="https://iohk.io/en/blog/posts/2021/09/12/today-will-feel-like-a-destination-yet-a-new-exciting-journey-begins/">wrote</a> Tim Harrison, Marketing and Communications Director of Input Output Global, the creators of Cardano, in a blog post. <cmsannotation type="cmsannotation" annotationid="Cardano’s recent highs" comment="subhead" text="Cardano’s recent highs">Cardano’s recent highs</cmsannotation> While Cardano’s price may be a fraction of what Ethereum costs right now, the cryptocurrency has been reaching its own highs. The market cap for ADA, Cardano’s native token, has almost doubled over the past month. On August 31, the token <a href="https://economictimes.indiatimes.com/markets/cryptocurrency/cardano-returns-150-in-a-month-to-become-the-third-largest-cryptocurrency/articleshow/85617141.cms?from=mdr">defied</a> crash predictions to rise to an all time high of $2.56 — providing investors with over 150% returns. As mentioned before, introducing smart contracts makes the Cardano blockchain more flexible and useful, which in turn means it will have more usage. Which is one of the main reasons why many in the blockchain and DeFi world picked Ethereum over Bitcoin in the first place. Harrison warned that while the expectations from Alonzo are high, some may be unreasonable. “Cardano watchers may be expecting a sophisticated ecosystem of consumer-ready DApps available immediately after the upgrade. Expectations need to be managed here. We should remember that another well-known blockchain project which launched in July 2015 had to wait over two years before its first DApp (something to do with cats?) gained real user traction,” he wrote, referencing Cryptokitties, which was the first DApp built on the Ethereum blockchain. <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/some-early-crypto-enthusiasts-have-bailed-on-the-sector-saying-the-movement-has-bought-into-hype-without-understanding-the-technologys-limits/articleshow/86118146.cms">Some early crypto enthusiasts have bailed on the sector, saying the movement has bought into hype without understanding the technology's limits</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/the-surge-in-altcoins-looks-unsustainable-and-has-echoes-of-the-run-up-to-mays-crypto-crash-jpmorgans-bitcoin-expert-says/articleshow/86138062.cms">The surge in altcoins looks unsustainable and has echoes of the run-up to May's crypto crash, JPMorgan's bitcoin expert says</a>

Cardano can now mint NFTs, run DApps and more — but the creators themselves are asking people to keep their expectations in check

<ul><li><keyword id="5294933" type="General" weightage="20" keywordseo="cardano" source="Orion">Cardano</keyword>’s prices have more than doubled over the last 30 days.</li><li>Within the last 24 hours, the cryptocurrency’s price has jumped by over 11%.</li><li>The surge comes amid anticipation of the <keyword id="11937815" type="General" weightage="20" keywordseo="alonzo-hard-fork" source="Orion">Alonzo hard fork</keyword>, an update that will take Cardano to the next stage.</li></ul>The Cardano cryptocurrency may not get as much time in the limelight as <keyword id="2810876" type="General" weightage="20" keywordseo="ethereum" source="Orion">Ethereum</keyword> or Bitcoin does, but it’s still a popular <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite&amp;is_retargeting=false&amp;shortlink=BI&amp;c=site&amp;pid=Business%20Insider&amp;af_click_lookback=7d&amp;af_channel=Business%20Insider&amp;af_adset=article&amp;af_force_deeplink=true">crypto token</a> amongst investors. It recently became the world’s <a href="https://www.businessinsider.in/cryptocurrency/news/cardano-is-hitting-new-high-as-investors-are-confident-about-its-upcoming-smart-contract-system-alonzo/articleshow/85486235.cms">third most valuable cryptocurrency</a> with an upcoming update on the cards called the Alonzo Hard Fork. The public blockchain platform is based on a proof-of-stake system. This is where miners have to put up the <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite&amp;is_retargeting=false&amp;shortlink=BI&amp;c=site&amp;pid=Business%20Insider&amp;af_click_lookback=7d&amp;af_channel=Business%20Insider&amp;af_adset=article&amp;af_force_deeplink=true">cryptocurrency</a> they already own as ‘stake’ in order to validate a transaction. The more tokens they have, the more likely they are to win the auction. Ethereum, the world’s second largest cryptocurrency by value, is in the midst of its transition from proof-of-work to proof-of-stake. And this, according to many in the crypto community, makes it Cardano’s direct competitor. However, Cardano is no slouch either — the new update scheduled for next month will put it head-to-head against Ethereum in its own kingdom, the space of decentralised finance (DeFi) and smart contracts. The update will allow Cardano to mint non-fungible tokens (NFTs), automate lending and bring in other use cases. <cmsannotation type="cmsannotation" annotationid="Cardano is the world’s third most valuable cryptocurrency" comment="subhead" text="Cardano is the world’s third most valuable cryptocurrency">Cardano is the world’s third most valuable cryptocurrency</cmsannotation> The Cardano cryptocurrency has recaptured the interest of investors over the last two days. After becoming the world’s third most valuable cryptocurrency last week, the price of the currency grew by around 11% in the 24 hours leading up to August 23. Coinmarketcap <a href="https://coinmarketcap.com/currencies/cardano/">shows</a> an upward trend of about 2% since then. Cardano is currency priced at $2.89, with a market capitalization of over $90 billion. <cmsannotation type="cmsannotation" annotationid="Why are Cardano’s prices increasing?" comment="subhead" text="Why are Cardano’s prices increasing?">Why are Cardano’s prices increasing?</cmsannotation> The hike in prices is presumably because of upcoming updates to the network. Cardano’s prices more than doubled in the last one month. Dubbed the ‘Alonzo Hard Fork’, it is the third major update in Cardano’s Shelly era. The token has five main stages of development, often called “eras” — Byron, Shelley, Goguen, Basho, Voltaire — all of which will enhance the overall network’s functionalities. Alonzo is the last major update for the Shelley era and moves the platform towards the Goguen era. The crypto token is also going to be listed on Japanese crypto exchanges, which are considered to have some of the most stringent listing requirements in the world. “In addition to general bullish sentiment in the cryptocurrency space, Cardano is also enjoying positive momentum ahead of Ada's listing on Japanese cryptocurrency exchanges, which is set to take place Aug. 25. Ada also appears to be generating excitement ahead of a pending update that will roll out in September and pave the way for smart contracts on the Cardano blockchain,” The Motley Fool <a href="https://www.fool.com/investing/2021/08/23/heres-why-cardano-is-up-big-today/">reported</a> earlier. <cmsannotation type="cmsannotation" annotationid="What is Cardano’s Alonzo Hard Fork?" comment="subhead" text="What is Cardano’s Alonzo Hard Fork?">What is Cardano’s Alonzo Hard Fork?</cmsannotation> The Alonzo update itself is broken into three phases, Blue, White and Purple. They will be followed by Alonzo Red and Alonzo Black, which will add more users to the networks and fix any bugs. Alonzo Blue will introduce smart contracts to the network, similar to those on the Ethereum network. Smart contracts are algorithmically driven contracts, where the terms of the agreement are directly converted into code. As a result, these agreements can be defined over a blockchain network and their execution and transactions can be tracked by the platform. This means that Cardano can now be used to mint non-fungible tokens (NFTs), which have been gaining popularity during the pandemic era. <a href="https://www.businessinsider.in/cryptocurrency/news/nft-platform-opensea-tops-1-5-billion-in-30-day-trading-volumes/articleshow/85559973.cms">OpenSea</a>, the world’s largest <keyword id="4668945" type="General" weightage="20" keywordseo="nft" source="Orion">NFT</keyword> platform, saw $1.5 billion in trading volumes over the last one month. Decentralised finance (DeFi), automated lending and other use cases will also be able to build around Cardano. The second phase, Alonzo White, is basically an expansion of Alonzo Blue. The platform will take the features introduced in the previous update to more users and continue testing them. The third phase, Alonzo Purple, is the final public test which will see thousands of participants come onboard the network. The Purple stage is split into ‘light purple’ and ‘dark purple’ phases, which will increase the complexity of the smart contracts. The new update is likely to land on September 12. Often called the ‘ethereum killer’, Cardano has very few use cases right now. The new update, the Alonzo Hard Fork, will hopefully tip the balance in the cryptocurrency’s favour. <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/cryptocurrency-mining-in-iran-easing-but-china-maintain-strict-stance/articleshow/85588848.cms">Iran is bringing back cryptocurrency mining, but China shows no signs of changing its mind</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/nft-platform-opensea-tops-1-5-billion-in-30-day-trading-volumes/articleshow/85559973.cms">NFT platform OpenSea tops $1.5 billion in 30-day trading volumes</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/google-bans-eight-dangerous-crypto-apps-find-out-if-you-have-them-on-your-phone/articleshow/85553621.cms">Google bans eight dangerous crypto apps – find out if you have them on your phone</a>

After Ethereum, Cardano is set to get an update — and here's how that will change things for the cryptocurrency

<ul class="summary-list"><li>The alonzo upgrade brought smart contract capability to the <keyword id="5294933" type="UNKNOWN" weightage="60" keywordseo="cardano" source="Orion">cardano</keyword> network Sunday.</li><li>Ada has dropped around 20% since an all-time high of around $3.098 on September 2.</li><li>Cardano "promises a lot but whether it can actually deliver remains to be seen," one trader said.</li></ul>The cardano network now offers users the ability to run <keyword id="11910184" type="UNKNOWN" weightage="60" keywordseo="smart-contracts" source="Orion">smart contracts</keyword>, following a major upgrade over the weekend, increasing its competitiveness with larger rival ethereum.The network's developers, Input Output HK, confirmed on Sunday over <a href="https://twitter.com/InputOutputHK/status/1437174002603204609?s=20">Twitter</a> that the planned "alonzo" upgrade had rolled out successfully. In a <a href="https://iohk.io/en/blog/posts/2021/09/12/today-will-feel-like-a-destination-yet-a-new-exciting-journey-begins/">blogpost</a> the same day, cardano said it had deployed "plutus smart contract capabilities", following the completion of the alonzo hard fork."That's probably the most significant change in the history of the protocol," cardano founder Charles Hoskinson told Insider in a recent interview, in reference to the recent upgrade. This upgrade will allow the implementation of smart contracts on the blockchain, enabling a new sweep of decentralized finance (<keyword id="11899100" type="UNKNOWN" weightage="60" keywordseo="defi" source="Orion">DeFi</keyword>) applications and <a href="https://markets.businessinsider.com/news/currencies/cardano-alonzo-upgrade-ada-purple-smart-contracts-defi-nft-2021-9">programmability</a>. Cardano will now be able to compete with the likes of ethereum, a much larger network, earning itself the nickname of potential "ethereum killer." The alonzo upgrade, named after American mathematician <a href="https://en.wikipedia.org/wiki/Alonzo_Church">Alonzo Church</a> - considered one of the founders of computer science - will allow the network to be used for decentralized exchanges, house <a href="https://markets.businessinsider.com/news/currencies/bored-ape-yacht-club-nft-crypto-sotheby-auction-24-million-2021-9">non-fungible tokens</a> and run oracle programs that draw in external data to trigger smart contracts. "They will now get to build it with cost predictability and formal methods and all kinds of other things that we think in the long term will build much more sustainable, secure and ultimately useful applications for users," Hoskinson said. Cardano's <a href="https://markets.businessinsider.com/currencies/ada-usd">ada</a> coin recently became the third largest by market value, at $75 billion in size, although it is still dwarfed by bitcoin, the most widely traded digital coin, which has a market cap of $836 billion. Ada has fallen around 23% since hitting an all-time high of around $3.098 on September 2 according to Kraken as investors took some profit following the long-awaited upgrade. "The cardano smart contract upgrade was an epochal moment for the ecosystem but its success depends upon adoption by developers and the number of dApps integrated into the cardano network, Alexandra Clark, sales trader at digital asset broker GlobalBlock, said."Ultimately, cardano promises a lot but whether it can actually deliver remains to be seen," she said.Ada was last trading around $2.388, down around 8% in the last 24 hours by 06:45 ET, according to Kraken data.

Cardano says it has added smart contracts to its network after the alonzo upgrade - while its ada token runs into profit-taking

<ul class="summary-list"><li><keyword id="22793" type="ORGANIZATION" weightage="60" keywordseo="Ada">Ada</keyword> surged by over 20% in intraday trading Wednesday to almost $1.80, its highest in two months.</li><li id="recirc">Its founder <keyword id="4783377" type="PERSON" weightage="60" keywordseo="charles-hoskinson">Charles Hoskinson</keyword> said the network's purple smart contract update is coming Friday.</li><li>Other altcoins rose, with Ripple's XRP up more than 9.1%, dogecoin rising 6.1% and dot 5.3% higher.</li></ul><keyword id="5294933" type="PERSON" weightage="60" keywordseo="cardano">Cardano</keyword>'s native token ada shot up as much as 20% early Wednesday after its creator Charles Hoskinson stoked hopes that a much-anticipated update is imminent.Hoskinson, who is CEO of cardano's developer Input Output HK, said Tuesday he will reveal the date of the final release of the alonzo update on Friday. "We'll be able to announce when the alonzo hard fork is going to happen, and at that point you'll be able to run smart contracts on Cardano," he said in a <a href="https://www.youtube.com/watch?v=xSXSZ5xLpYI">YouTube</a> video.Ada briefly climbed to a two-month high of $1.7948 in early trade, marking a 22% increase in 24 hours, before easing back to around $1.7831, marking a 12.9% rise, according to <a href="https://www.investing.com/charts/cryptocurrency-charts">investing.com</a>. But the coin is still down 22.7% from an all-time high of $2.394 in mid-May.The cardano network's alonzo upgrade will incorporate more-advanced smart contracts and decentralized finance, or DeFi, applications to the blockchain. The "alonzo purple" hard fork release is the final step in a <a href="https://markets.businessinsider.com/news/currencies/cardano-network-upgrade-will-bring-smart-contracts-and-defi-blockchain-2021-7">multi-stage</a> process, and it could help cardano match the bigger ethereum network in incorporating smart contracts.<a href="https://www.businessinsider.com/how-smart-contracts-can-work-2018-10?utm_source=markets&amp;utm_medium=ingestgest">Smart contracts </a>are effectively contracts that execute a function automatically once a series of conditions are met. They allow engineers to use the blockchain to perform a variety of functions such as send information or documents. DeFi applications allow two counterparties to exchange capital or assets, without an intermediary.Read more: <a href="https://www.businessinsider.com/ether-dogecoin-xrp-bitcoin-price-forecasts-increases-crypto-ceo-gokhshtein-2021-8" target="_blank" rel="noopener">Ether to $14,000, doge above $1: The CEO of a payment platform breaks down why ethereum's upgrade could drive up the prices of multiple cryptos and shares his forecasts for bitcoin and XRP</a>On Friday, blockchain engineering and research developer IOHK said it had begun onboarding users to alonzo purple and had <a href="https://twitter.com/InputOutputHK/status/1423704788512952331">started testing</a> the update. "With Friday's revelation that the mainnet launch is on track, <keyword id="2721952" type="PERSON" weightage="60" keywordseo="crypto">crypto</keyword> investors and enthusiasts in general, were hyped on the optimism that a supposedly superior blockchain infrastructure with the possibility to support the next generation of smart contracts is on the horizon," Konstantin Anissimov, executive director at London-based crypto exchange CEX.IO, told Insider."This typically influenced the stability of ada and is contributing to its ongoing price surge," he said.Ada is the fifth-largest cryptocurrency by market capitalization, with a value of around $57 billion, according to Coinmarketcap.Other altcoins rose Wednesday, with Ripple's XRP up more than 9.1%, dogecoin rising 6.1%, and dot climbing 5.3%. Meanwhile, leading cryptocurrency bitcoin edged up 1.3% and ether added 2.7% over the last 24 hours, according to <a href="https://www.coingecko.com/en">Coingecko</a>."The growth of other altcoins, including ethereum, XRP, dogecoin, polkadot and others must have been triggered as a general correlation with bitcoin, which has continued to maintain a steady growth towards the $50,000 price mark," Anissimov said. "However, the altcoins listed have their inherent utility, investor sentiment and strong ecosystem, all of which are vital in fueling the ongoing price growth we are seeing today."

Cardano's ada surges as much as 22% after creator Charles Hoskinson stokes hopes its smart-contract update is imminent

<ul class="summary-list"><li>Chain<keyword id="11993105" type="UNKNOWN" weightage="60" keywordseo="link" source="Orion">link</keyword>'s link climbed 18% to reach a high of $36.35, the highest since May 19.</li></ul><ul class="summary-list"><li><keyword id="6221313" type="UNKNOWN" weightage="60" keywordseo="xrp" source="Orion">XRP</keyword>, <keyword id="11895429" type="UNKNOWN" weightage="60" keywordseo="dot" source="Orion">dot</keyword> and <keyword id="12039180" type="UNKNOWN" weightage="60" keywordseo="litecoin" source="Orion">litecoin</keyword> also posted gains.</li><li>Investors have been piling into altcoins because they are cheap and have smart contract capabilities.</li></ul> <ul class="summary-list"></ul>Link, <keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">bitcoin</keyword> cash, XRP, dogecoin, dot and litecoin soared to new multi-month highs on Monday as investors opted for cheaper alternatives to bitcoin whose networks can support decentralized finance applications and smart contracts, analysts said.A smart contract is a piece of code that allows people to enter into financial agreements without the need for a centralized player like a commercial bank or broker.Thanks to their ability to run smart contracts, blockchain networks like <keyword id="11892696" type="UNKNOWN" weightage="60" keywordseo="ethereum" source="Orion">ethereum</keyword> have been able to do more than just host <keyword id="11895317" type="UNKNOWN" weightage="60" keywordseo="cryptocurrencies" source="Orion">cryptocurrencies</keyword>. They can include different layers of software, host <a href="https://markets.businessinsider.com/news/currencies/solanas-sol-rallies-dogecoin-ntf-defi-smart-contracts-ethereum-bitcoin-2021-9">non-fungible tokens</a> and more. The bitcoin network is slower, more expensive to use and generally does not handle this type of application. Bitcoin is still the largest cryptocurrency by market value by a long way. But it's lagged behind some of the smaller tokens in recent weeks. "What makes bitcoin less popular is its high cost and its enclosed nature when compared with that of ethereum and other smart contract-enabled altcoins," Yuriy Mazur, head of data analytics department, CEX.IO broker, said. "The <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> community believes altcoins can go up 5x or even 10x over the next several months, while Bitcoin will slowly grind higher," Edward Moya, senior market analyst at OANDA said. Link climbed the most by as much as 18% over the previous 24 hours to reach a session high of $36.35 - its strongest since May 19 - and was last up 6.8% at $35.79, compared with a gain of 1.65% in bitcoin, according to <a href="https://coinmarketcap.com/">Coinmarketcap</a>. The coin has rallied 45% in the last month, compared with a 15% rise in bitcoin. "At this pace, we can see the digital token rise to $50 in approximately 14-21 days. We can face correction along the way, but the growth surge is more likely at this time," Mazur said.Chainlink underpins the link token and offers smart contracts much like the ethereum network. The company said in a <a href="https://twitter.com/TheLinkMarine1/status/1433126065766117382">tweet</a> last week that a record 76 new integrations took place on the network in August, bringing the total to 755. on any blockchain like ethereum. "It seems that the demand for chainlink is growing, as well as its utility," Mazur said."Additionally, the growth recorded in the past month has highlighted the relevance the token has continued to print, extending its lead as the first network to allow the integration of off-chain data into smart contracts," he added.<a href="https://markets.businessinsider.com/news/currencies/ether-price-altcoins-defi-nft-dot-ada-cardano-solana-link-2021-9">Ether </a>was last up around 0.6% at $3943, while other coins like XRP rose almost 8% to $1.37, and polkadot's dot was up about 2.0% at $34.25. Cardano's <a href="https://markets.businessinsider.com/news/currencies/cardano-ada-price-crypto-alonzo-network-upgrades-smart-contracts-2021-9">ada</a> hit record highs last week ahead of this month's "alonzo" network upgrade, but lagged the rest of the crypto complex, easing by 0.4% to around $2.856."Now amongst the favorites of crypto enthusiasts are ethereum and cardano, which have shown impressive results lately and are going through the era of hard forks. Ethereum has already had an update, and a cardano update is coming," Mazur said.

Link, dot and XRP lead another altcoin rally as investors opt for cheaper coins with smart-contract capabilities

<ul class="summary-list"><li><keyword id="11896271" type="UNKNOWN" weightage="60" keywordseo="ether" source="Orion">Ether</keyword> rose by almost 7% to above $3,560 on Wednesday, its highest since mid May.</li><li>Petr Kozyakov, CEO of Mercuryo attributed the rise to "DeFi and NFT mania."</li><li>Other altcoins including <keyword id="11895429" type="UNKNOWN" weightage="60" keywordseo="dot" source="Orion">dot</keyword> and <keyword id="11927960" type="UNKNOWN" weightage="60" keywordseo="ada" source="Orion">ada</keyword> have soared in recent weeks as investors have diversified out of bitcoin.</li></ul> Ether hit its highest since mid-May on Wednesday, swept higher by a wave of investors chasing gains in popular alternatives to bitcoin that have rallied sharply in recent weeks.Ethereum's ether token rose by as much as 7% at one point to a high above $3,560. It was last up around 3% at $3,530.Although bitcoin is still the most actively traded cryptocurrency, many of its smaller rivals, such as ether, the <keyword id="5294933" type="UNKNOWN" weightage="60" keywordseo="cardano" source="Orion">cardano</keyword> network's ada or <keyword id="12003314" type="UNKNOWN" weightage="60" keywordseo="polkadot" source="Orion">polkadot</keyword>'s dot are gaining in market size. These smaller blockchains offer a wider range of applications than bitcoin's, including decentralized finance protocols and NFTs among others.NFTs are digital tokens that are tied to real world assets such as pieces of artwork, videos and more.The largest NFT platform, OpenSea, recorded the highest monthly activity of all time in August, with over $3 million worth in volume, according to data from analytics firm Dune. This is 10 times more than the previous month as more celebrities, sports players and <a href="https://markets.businessinsider.com/news/currencies/luxury-fashion-houses-louis-vuitton-and-burberry-dive-into-nft-gaming-2021-8">luxury</a> brands released their own NFTs.Decentralized finance, or DeFi, is one of the applications of blockchain technology that has made the likes of the ethereum network so popular lately. DeFi allows two parties to transact without any kind of centralized intermediary, like a broker, or commercial bank, for example."The attractive factor driving behind the growth of ethereum is the DeFi and NFT mania currently making the buzz in the <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> ecosystem. With most NFTs being minted on the ethereum blockchain, the demand for ether is higher, and the uplift in price is further complemented with the high token burn rate ushered in by the last London hard fork network upgrade," Petr Kozyakov, co-founder and CEO of the global payment network Mercuryo said. Ether is the second largest coin by market capitalization after bitcoin, according to <a href="https://coinmarketcap.com/">coinmarketcap</a>."Ether could go beyond the $4,000 price mark as it has done so before when it hit an all-time high record of $4,362.35," Kozyakov said. The rally in ether has helped push up the values of smaller altcoins, he said.Dot rose 8.7% on the day to $30.21, having touched an all-time high of $32.10 earlier on, based on Coinbase data. Other altcoins like Chainlink's link rose by 6.21% to $27.58, Ripple's XRP gained 7.43% to $1.20 and Uniswap's uni token rose 8.29% to $30.48 in 24 hours, according to coinmarketcap. "The cryptoverse continues to grow and while bitcoin dominance is fading as other coins dominate the embracement of blockchain technology, long-term investors should be upbeat for the entire space," Edward Moya, a senior market analyst at broker OANDA, said in a note on Tuesday.<keyword id="11931714" type="UNKNOWN" weightage="60" keywordseo="solana" source="Orion">Solana</keyword>'s sol token, which has gained almost 250% in the last month, was last up 10% on Coinbase at $119.46, while cardano's ada, now the <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-cardano-all-time-high-3-month-high-50000-2021-8">third biggest coin by market value</a>, was up 2% on Coinbase at $2.829."Sol and ada have the inherent potential for massive price gains in the coming months," Kozyakov said. "(Their) potential claims to be ethereum killers will soon be tested out with (cardano's) Alonzo upgrade that will allow smart contracts to build on the network."

You Searched For "alonzo hard fork" and got 6 results

Cardano can now mint NFTs, run DApps and more — but the creators themselves are asking people to keep their expectations in check

BI India Bureau

After Ethereum, Cardano is set to get an update — and here's how that will change things for the cryptocurrency

BI India Bureau

Cardano says it has added smart contracts to its network after the alonzo upgrade - while its ada token runs into profit-taking

Camomile Shumba

Cardano's ada surges as much as 22% after creator Charles Hoskinson stokes hopes its smart-contract update is imminent

Camomile Shumba

Link, dot and XRP lead another altcoin rally as investors opt for cheaper coins with smart-contract capabilities

Camomile Shumba

Ether tops $3,550 for the first time since May, while dot hits a record high, as DeFi and NFT mania boost altcoins

Camomile Shumba

Popular Keywords

Buying Guides