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Cardano (ADA) network welcomes 60,000 new strikers in 3 weeks, and more positive signs

The coming months are very important for Cardano (ADA). It is expected that the major Alonzo update will be launched in the second half of this year, which will finally activate smart contracts. Meanwhile, the hype about the altcoin is increasing and more and more investors are also finding their way to the staking pools on the Cardano network. This is evident from data from Cardano PoolTool.

According to the platform, which collects data from the Cardano network, there are currently nearly 660,000 wallets on strike. This is pinning ADA to contribute to the security of the network. At the beginning of June, the counter would have just touched 600,000. In about three weeks, therefore, 60,000 striking wallets have been added.

Another impressive metric is the percentage of total ADA inventory that’s locked up. No less than 71% of all ADA is currently being staked. This means that nearly $30 billion in ADA is being staked out of ADA’s total market cap of $41.6 billion.

Cardano is slowly gearing up to do battle with Ethereum (ETH). Both networks support smart contracts and so the two are often referred to as rivals. The difference, of course, is that Ethereum is already largely operational where Cardano is still in development. Cardano founder Charles Hoskinson recently stated that Ethereum will beat Bitcoin (BTC) 9 times out of 10 anyway. We will probably see how the battle between Ethereum and Cardano will go this year.

In addition, there are rumors that Cardano may partner with El Salvador. Hoskinson recently spoke about this on YouTube. He said the authorities of the country that recently adopted Bitcoin as legal tender have “definitely expressed an interest” in digitizing their country:

“They have certainly expressed an interest in digitizing the country and going beyond just legalizing Bitcoin. So we’ll get a better idea of ​​it in the next 2-4 weeks.”

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