Cardano (ADA) became a clear leader in this bull market after becoming the best performing crypto among the top 15 in the last 7 days. This virtual currency is now experiencing very important changes when it comes to its network. In the future, Cardano could become one of the largest blockchain networks in the market.
Cardano Leads the Market
Cardano is now expanding as one of the most promising blockchain networks in the market after surpassing Binance Coin (BNB) a few hours ago. The blockchain network created by Charles Hoskinson has now hit a market valuation of $63 billion and could soon surpass Tether (USDT) as the third-largest cryptocurrency in the world.
Charles Hoskinson, the founder of this blockchain network, and the team of developers behind Cardano are working in order to bring smart contracts and increase the functionalities of this network.
The official date of the Alonzo hard fork is expected to be released in the near future. This hard for will allow Cardano to run smart contracts, one of the functionalities that investors, Cardano supporters and the entire market have been waiting for for several years now.
This could help Cardano offer services in a wide range of sectors. We talk about the decentralized finance (DeFi) market and decentralized applications (dApps). In this way, Cardano would be able to onboard new individuals and people that want to use different DeFi apps.
Thanks to Smart Contracts, Ethereum is now the second-largest crypto in the market and it has been followed by Binance Coin (BNB) in the last months. Both Ethereum and the Binance Smart Chain are now working with smart contracts and offering a large number of DeFi apps to users.
In addition to it, the CEO of Cardano is also thinking about doing a rally in support of cryptocurrency in Washington DC. This comes at a moment in which the U.S. government wants to increase its regulations on virtual currencies.
Charles Hoskinson wrote on Twitter about it:
“I think it’s about time we get a rally going in Washington DC. I’m going to make some phone calls more on this later.”
I think it's about time we get a rally going in Washington DC. I'm going to make some phone calls. More on this later
— Charles Hoskinson (@IOHK_Charles) August 9, 2021
This could become one of the major crypto rallies ever held in the world. It could help increase the visibility of users’ petitions and show that there is a large part of the population against the proposed bill.