Why did Cardano spike today?

Swiss cryptocurrency Cardano (ADA) witnessed a price surge of nearly 100 percent in seven days in early February 2021, amid high interest from investors. One reason for this interest is the digital coin’s close relation to Ethereum (ETH) , as mathematician Charles Hoskinson co-founded both virtual currencies.

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Does Cardano have Mainnet?

As of December 19, there are currently 929 smart contracts live on Cardano’s mainnet , which are mainly focused on DeFi, following September’s Alonzo upgrade. Thanks to Alonzo, developers can now create DeFi protocols such as DEXes and lend/borrow platforms on the Cardano blockchain.

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