Cardano’s Smart Contract Test positive — will the price rise soon?

Positive Cardano news for ADA fans. As Ethereum’s number one follower, Cardano (ADA) can now look back on another important success: The first smart contract test on Alonzo has been successful.Work on integrating smart contracts into the Cardano network is in full swing. The first test run on Alonzo was completed. The smart contracts could be fully rolled out as early as September if the work continues to go according to plan until then. Recently, there have been repeated postponements in the development.Nevertheless, the ADA course has been able to record enormous growth this year. At the beginning of the year, the price was still at 0.18 USD. In the meantime, 1 ADA pays 1.50 USD. The development phases of the smart contract function are divided into different colors.The current phase, which the developers are in, is called Alonzo Blue. The transition to Alonzo White is planned for the near future. For this, partners must first prove that they can create basic scripts on the blockchain. Once the Alonzo Purple phase has been reached, the testnet will finally be made public.Cardano was launched in 2015 by Ethereum co-founder Charles Hoskinson. The developer’s goal was to create a better Ethereum. Smart contracts are an important aspect of this. Unfortunately, this is not yet possible on the Cardano blockchain.This has repeatedly caused criticism. However, this criticism could soon be a thing of the past. With a market capitalization of around USD 48 billion, ADA is a serious competitor to ETH (USD 282 billion market capitalization). Besides ADA, Solana (SOL) and Polkadot (DOT) have recently attracted attention as so-called Ethereum killers.The ADA share price has not yet reacted to the Cardano news. Nevertheless, a new high is to be expected after the final phase is completed, as this would increase ADA’s functionality enormously.I…