By Harry B - Crypto Specialist - 11-08-2021
In recent weeks we have seen sudden surges in prices for popular crypto coins. Last week alone, the price for buying Bitcoin (BTC) had a huge spike when many investors, even Bitcoin whales, bought the dip. The cryptocurrency to invest in this week seems to be Cardano (ADA), as it experiences a 21% price increase.
The reason behind Cardano's recent boost is the result of Alonzo Testnet Phases' latest launch. The Testnet is a series of smart contract upgrades which have been integrated into the Cardano blockchain platform. This upgrade project includes 3 phases known as Alonzo Blue, Alonzo White, and Alonzo Purple.
The Cardano team has been on the ball with the Alonzo Testnet to create a fully functional upgraded blockchain. Furthermore, Alonzo Purple took flight this month as a result of the launch for Alonzo White. The subsequent phases currently in creation will be Alonzo Red and Alonzo Black; these will be the final two phases to complete the Mainnet. Reportedly, once the Mainnet is finished, it will then be published online within a few days.
The founder of Cardano, Charles Hoskinson, has recently been sharing updates regarding the latest project. Hoskinson has stated that he is humbled and overjoyed by the amount of support the initiative has received thus far.
The founder took to the social media platform Twitter and shared the updates in a video post. Hoskinson talked about how the Cardano has met, set, and already organised for the deadlines for future launches. He says that the team has stated themselves that the deadline is more than achievable, and everything will be on time.