Cardano (ADA) launched smart contracts with the Alonzo upgrade on September 13, 2021, initially spiking to $3.10. However, adoption has been slow, with only 3,811 contracts by November 2022 despite a 300% yearly rise. Market reaction turned bearish, with ADA dropping 50% against ETH by November 2021, per X posts, and now at $0.73 (March 29, 2025), reflecting hype outpacing real utility. 0 reply
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