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Cardano Unveils Smart Contracts Timeline, Pushing ADA

The so-called “Ethereum killer,” Cardano, is back in the spotlight after its founder announced when the protocol would finally enable smart contract functionalities.
New Cardano Hard Fork Underway
IOHK CEO Charles Hoskinson made headlines after publicly revealing the official roadmap of the upcoming Alonzo upgrade. The new protocol update will come in the form of a hard fork around July or August, bringing smart contracts to the Cardano blockchain.
Hoskinson affirmed that developers would be able to deploy their decentralized applications on the network as soon as late April when the testnet would launch.
“For the first time ever, publicly, people will be able to write smart contracts and deploy them on Cardano,” said Hoskinson.
Cardano’s Alonzo Hard Fork Rollout Plan by IOHKFollowing the announcement, market participants rushed to exchanges to get a piece of ADA. The buying pressure pushed the token’s price higher, posting more than 17.50% gains in the last 20 hours.
Little Major Resistance Ahead
IntoTheBlock’s In/Out of the Money Around Price (IOMAP) model reveals there is no supply barrier that will prevent Cardano from achieving its upside potential. Based on this on-chain metric, there is only one small interest area between $1.25 and $1.28, where roughly 51,000 addresses hold over 1,40 billion ADA.
This supply wall may have the ability to absorb some of the buying pressure seen recently. Holders who have been underwater may try to break even on their positions, slowing the uptrend.
But if Cardano can slice through this hurdle, it would likely retest the  …
Story continues on Crypto Briefing

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Charles Hoskinson Reveals Timeline for Cardano Smart Contracts Testnet

The founder of Cardano, Charles Hoskinson, tuned in through another video, explaining some of the next steps ahead of the team. In the laid-out roadmap, he outlined that a testnet for the long-awaited smart contracts on Cardano should be rolled…