Cardano

2024

Terra Classic

Patex

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 <p class="paragraph">With the larger part of the cryptocurrency market getting a breather after a bearish period that followed exceptional price increases, Cardano (ADA) is recording growth in other areas, particularly the number of <a rel="noopener noreferrer nofollow" title="smart" href="https://thebittimes.com/tag/smart.html">smart</a> <a rel="noopener noreferrer nofollow" title="contracts" href="https://thebittimes.com/tag/contracts.html">contracts</a> on its network since the year’s turn.</p>
 <p class="paragraph">As it happens, the number of Plutus scripts on the Cardano network, including Plutus V1 and Plutus V2, has reached the figure of 39,032 on March 19, which is an impressive feat and a 171.45% increase, considering that the number of Cardano <a rel="noopener noreferrer nofollow" title="smart" href="https://thebittimes.com/tag/smart.html">smart</a> <a rel="noopener noreferrer nofollow" title="contracts" href="https://thebittimes.com/tag/contracts.html">contracts</a> on January 1 stood at 14,379.</p>
 <figure class="wp-block-image"><img decoding="async" width="658" height="458" src="https://cdn.thebittimes.com/images/2024/03/20/369a267252b2b74f601f2bd581e9a580.webp" alt="Cardano smart contracts growth" class="wp-image-162426" srcset="https://cdn.thebittimes.com/images/2024/03/20/369a267252b2b74f601f2bd581e9a580.webp 658w, https://cdn.thebittimes.com/images/2024/03/20/369a267252b2b74f601f2bd581e9a580.webp 300w" sizes="(max-width: 658px) 100vw, 658px">
  <figcaption class="wp-element-caption"><em>Cardano smart contracts growth. Source: </em><em>Cardano Blockchain Insights</em>
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 <p class="paragraph">Specifically, these figures account for Plutus V1 scripts currently amounting to 6,439 (an increase of 2.27% from the 6,296 on January 1) and the number of Plutus V2 scripts standing at 32,593 (an increase of 303.23% from 8,083), as per the data retrieved on March 20.</p>
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 <p class="paragraph">This also means that the Cardano ecosystem has been growing at the rate of about 495 new <a rel="noopener noreferrer nofollow" title="smart" href="https://thebittimes.com/tag/smart.html">smart</a> <a rel="noopener noreferrer nofollow" title="contracts" href="https://thebittimes.com/tag/contracts.html">contracts</a> each day, adding about 82 Plutus V1 scripts every day, and 413 Plutus V2 scripts per day, as the <em>Cardano Blockchain Insights </em>charts demonstrate.</p>
 <h2 class="wp-block-heading" id="h-cardano-price-analysis">Cardano price analysis</h2>
 <p class="paragraph">Meanwhile, the Cardano price at press time stood at $0.60711, which suggests a decrease of 0.73% on the day, an 18.01% drop across the previous seven days, and an accumulated loss of 2.18% on its monthly chart, according to the most recent information.</p>
 <figure class="wp-block-image"><img decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/03/20/32900b3a3337b956f4eaea4fe940f7b5.webp" alt="Cardano price 30-day chart" class="wp-image-162427" srcset="https://cdn.thebittimes.com/images/2024/03/20/32900b3a3337b956f4eaea4fe940f7b5.webp 750w, https://cdn.thebittimes.com/images/2024/03/20/32900b3a3337b956f4eaea4fe940f7b5.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Cardano price 30-day chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">It is also worth noting that crypto trading expert Ali Martinez recently highlighted that Cardano was imitating its 2018-2021 pattern, which suggests a consolidation in the $0.55-$0.80 range, followed by a surge to $1.70, another period of further consolidation, and a breakout to $5.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="707" src="https://cdn.thebittimes.com/images/2024/03/20/e0ce40a5cf3ccfb544af979f16c90c16.webp" alt="Cardano price action analysis" class="wp-image-162419" srcset="https://cdn.thebittimes.com/images/2024/03/20/e0ce40a5cf3ccfb544af979f16c90c16.webp 1024w, https://cdn.thebittimes.com/images/2024/03/20/e0ce40a5cf3ccfb544af979f16c90c16.webp 300w, https://cdn.thebittimes.com/images/2024/03/20/e0ce40a5cf3ccfb544af979f16c90c16.webp 768w, https://cdn.thebittimes.com/images/2024/03/20/e0ce40a5cf3ccfb544af979f16c90c16.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Cardano price action analysis. Source: </em><em>Ali Martinez</em>
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 <h2 class="wp-block-heading" id="h-cardano-price-prediction">Cardano price prediction</h2>
 <p class="paragraph">Elsewhere, several finance experts have predicted that the eighth-largest crypto asset by market capitalization could continue to grow its price in 2024, with their predictions ranging between $0.945 at the lower end and a very optimistic $11 by the end of 2024.</p>
 <p class="paragraph">At the same time, artificial intelligence (AI) and machine learning platforms have set the Cardano price prediction targets between $1.26 at their most pessimistic and $8 according to their most bullish forecasts, as Finbold reported earlier on March 20.</p>
 <p class="paragraph">All things considered, the token’s ecosystem has witnessed substantial growth that could create positive sentiment around it and push its price upward. However, things in this sector can change on a whim, so keeping up with the Cardano news and doing one’s own research is crucial.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cardano-adds-40-000-smart-contracts-in-2024-tbt83053.html">https://thebittimes.com/cardano-adds-40-000-smart-contracts-in-2024-tbt83053.html</a></p>

Cardano adds 40,000 smart contracts in 2024

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