Know all the details that Cardano's Hard Fork Alonzo brings, the release date, and more important news that will arrive in September.
Cardano, the project that competes directly with Ethereum, recently announced that they are about to conclude with the Goguen update, which, as we well know, will bring Smart Contracts and DApps to the project's ecosystem. To be exact, the Alonzo Purple Hard Fork, the last of the Goguen phases, will be concluded very soon.
It is important to note that if the fork is successful, the project in question could attract several investors who are still waiting for scalability solutions in Ethereum and other changes. So, it is sure to see a significantly noticeable increase in its price over the next few days; it is an imminent fact, the FOMO has invaded many investors, leading them to buy even more of the ADA token. A few weeks ago, Cardano's token price was trading at less than $2, and now, ADA price is about to hit $3, reaching exactly as high as $2.97.
What to expect from the Hard Fork Alonzo?
First of all, let's remember that Cardano's roadmap divides into 5 phases, and the third is Goguen. Here they emphasize that this "era" is a big step for the project because it will increase scalability after implementing Smart Contracts and the possibility of creating decentralized applications.
It will also allow users to tokenize applications, either with fungible or non-fungible digital assets, increasing the demand for base tokens, which would be ADAs. Undoubtedly, it is the brightest part of the roadmap and the most awaited by Cardano (ADA) investors and holders. Goguen explains why the announcement of the completion date of the Alonzo Purple Hard Fork has been so crucial for the crypto community.
Developers scheduled the Hard Fork for September 12, Cardano's CEO revealed at a conference. However, there will be more aspects to consider that could end up alternating the date of Alonzo's completion, he noted.
In short, it's a long-awaited upgrade for big projects and big-budget investors. And this could position Cardano (ADA) above Ethereum, making it a leader in the DeFi sector.
Listing into Japanese Bitpoint exchange in September
Regarding other news relevant to Cardano, it is worth noting that information reported days ago the integration of the token into the Japanese cryptocurrency exchange Bitpoint would take place. And these are not speculations since the CTO, and co-founder of DcSpark confirmed the news through his Twitter profile.
It is important to remember that in Japan, the laws for cryptocurrency exchanges are pretty strict. Therefore, Japanese traders will trade Cardano (ADA) on one of the country's exchange portals. It is beneficial for the project because the listing exposes Cardano to a new audience eager to invest in crypto. The listing would trigger an effect similar to what happens with cryptos listed on Coinbase or Binance.
In addition, a big event is planned for September 25 and 26: Cardano Summit 2021. Undoubtedly, good times are ahead for cryptocurrency. You can register for free for a mix of virtual and live events from around the world on September 25-26, 2021.