Cardano

2024

April

Notable

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cardano-sees-notable-growth-in-smart-contract-numbers/" data-wpel-link="internal">Cardano Sees Notable Growth in Smart Contract Numbers</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/is-cardano-ada-poised-for-a-price-surge/" data-wpel-link="internal">Cardano</a> (<a href="https://en.coin-turk.com/cardanos-distinctive-approach-academic-rigor-and-research-driven-development/" data-wpel-link="internal">ADA</a>), now ranked eleventh in market value, is drawing attention with significant growth in its Plutus V2 smart contracts. This increase in smart contract numbers coincides with a period of stabilization in the broader cryptocurrency market.</p> 
<h2 style="text-align: justify" id="current-state-of-the-cardano-network">Current State of the Cardano Network</h2> 
<p style="text-align: justify">Smart contracts play a crucial role in activating decentralized applications (dApps) and simplifying automatic transactions on the blockchain.</p> 
<p style="text-align: justify">Focusing on the smart contract aspect positions Cardano as a significant force among blockchain platforms.</p> 
<p style="text-align: justify">As of April 15, the total number of Plutus scripts, including Plutus V1 and V2, reached an impressive figure of 41,743, showing about a 3% increase compared to April 1.</p> 
<p style="text-align: justify">Specifically, these figures include 6,470 Plutus V1 scripts, which show a 0.15% increase from the 6,460 count on April 1.</p> 
<p style="text-align: justify">On the other hand, the number of Plutus V2 scripts rose by 3.52% to 35,273, indicating that 1,211 new Plutus contracts were added to the system in April.</p> 
<h2 style="text-align: justify" id="cardano-price-outlook">Cardano Price Outlook</h2> 
<p style="text-align: justify">Following a recent price pullback, ADA encountered resistance at the $0.86 level, aligning with a golden cross, and subsequently declined.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-340404" src="https://coin-turk.com/wp-content/uploads/2024/04/cardano-ada-gorsel.png" alt="" width="1263" height="543"></p> 
<p style="text-align: justify">This price correction emerged last month and showed no signs of reversal in April.</p> 
<p style="text-align: justify">The price pullback reflects a 30% drop from the $788.85 billion altcoin peak in 2024 to a low of $563.85 billion.</p> 
<p style="text-align: justify">Consequently, Cardano’s price fell by about 32% last month, with an additional 20.08% decrease last week.</p> 
<p style="text-align: justify">Finally, looking at the current price status of Cardano (ADA), it was trading at $0.4654 at the time of writing, indicating a movement of less than 1%. How these positive developments on the network will impact the price remains a topic of interest.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/cardano-sees-notable-growth-in-smart-contract-numbers/" data-wpel-link="internal">Cardano Sees Notable Growth in Smart Contract Numbers</a></h5>

Cardano Sees Notable Growth in Smart Contract Numbers

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