A Cardano (ADA) launchpad is skyrocketing in price ahead of smart contract integration on the long-awaited blockchain.
Cardano project accelerator CardStarter (CARDS) is up over 40,000% since launching in mid-April, catapulting from a price of $0.15 at launch to a high of $60.70 on May 11th.
CARDS has retraced since and is trading at $54.19 at time of writing, with a daily trading volume of $10.91 million.
Similar products exist on other smart contract protocols such as token launchpad DuckSTARTER on Ethereum (ETH) and launchpad BSCPAD on Binance Smart Chain (BSC).
CardStarter is growing fast, ballooning into a $100 million market cap in about a month and a half, according to CoinGecko.
In April, the team behind Cardano, IOHK (Input Output Hong Kong), announced that smart contract functionality, currently a roadblock to deploying projects on Cardano, will launch this August on the blockchain.
Cardano’s ADA token hit an all-time high this week, surpassing the $2.00 mark for the first time. At the time of writing, ADA is valued at $2.14 up 14% in the last 24 hours.