A Cardano (ADA) launchpad is skyrocketing in price ahead of smart contract integration on the long-awaited blockchain.
Cardano project accelerator CardStarter (CARDS) is up over 40,000% since launching in mid-April, catapulting from a price of $0.15 at launch to a high of $60.70 on May 11th.
CARDS has retraced since and is trading at $54.19 at time of writing, with a daily trading volume of $10.91 million.
CardStarter offers projects building on Cardano the option to crowdsource early funding from a community of donors on its platform. CARDS holders are guaranteed early allocation to vetted projects that utilize the CardStarter platform.
CardStarter is growing fast, ballooning into a $100 million market cap in about a month and a half, according to CoinGecko.
In April, the team behind Cardano, IOHK (Input Output Hong Kong), announced that smart contract functionality, currently a roadblock to deploying projects on Cardano, will launch this August on the blockchain.
Cardano’s ADA token hit an all-time high this week, surpassing the $2.00 mark for the first time. At the time of writing, ADA is valued at $2.14 up 14% in the last 24 hours.
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