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The unstoppable growth of Cardano (ADA)❕❕❕🚀🚀🔥🔥

Cardano (ADA) is experiencing a significant increase in the number of smart contracts.

The growth of smart contracts demonstrates the constant improvement and development of Cardano.

ADA price shows recent fluctuations, but with a long-term bullish trend.

Towards the end of 2023, Finbold reported that the Plutus smart contract platform - versions 1 and 2 - on Cardano was hosting 14,302 smart contracts, which was an increase of 10,000 over the entire year. Although these figures were impressive at the time, data calculated by Finbold reveals that this trend not only persisted, but also accelerated significantly in January and February 2024.

During the first 11 days of February, half as many new smart contracts were created as in all of 2023, approximately 5,000 in total. Specifically, Plutus V2 scripts saw significantly more growth than Plutus V1 scripts, with the former starting the month at 18,859 and the latter at 6,356.

By February 11, V2 scripts increased by 5,037 to 23,896 and V1 scripts increased by 44 to 6,400. In total, the number of smart contracts increased by 20.17%, from 25,212 to 30,296.

The rise of smart contracts on Cardano is due to its focus on scalability and research. This year, the focus is on developing smart contracts with Plutus and improving the infrastructure. This has fueled interest in ADA, which saw a significant increase in the last quarter of 2023.

Recently, ADA has been forming a descending triangle pattern on the price chart, leading some experts to forecast a 32% rise. Despite a decline of 1.29% in the last 30 days, ADA has shown a remarkable growth of 48.30% in the last 62 weeks.

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