Cardano Successfully Deploys Alonzo HFC, But Why Is Price Down?

Cardano Successfully Deploys Alonzo HFC, But Why Is Price Down?


On September 12th, 2021, Cardano successfully completed the final stage of its move to make the network compatible with smart contracts. The long-awaited Alonzo Hard Fork Combinator launch marked the beginning of a new era for Cardano. The developer behind the project, IOHK, took to Twitter to announce the successful upgrade.

The new upgrade has been successful so far, with over 50 smart contracts already deployed on the network, and counting. Alonzo’s Hard Fork Combinator (HFC) marks the end of the road for smart contracts capability. But also marks the beginning of a lot of work yet to be done. The community has so far welcomed the upgrade with open arms. Although one thing remains a problem, the price has not gone up in value. Why is this?

Related Reading | Cardano Network Upgrade And Hard Fork Gets Support From Binance

Why ADA Price Is Down

Last week, NewsBTC reported on the possibility of the Cardano smart contracts deployment triggering

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