A new cryptocurrency is making huge gains just days after its initial launch.
CardStarter (CARDS), branding itself as the “first insured project accelerator for Cardano (ADA)”, rose from an initial price of $ 0.159 on March 29 to $ 10.2 on April 2. The increase corresponds exactly to 6.315%.
After its initial rise to $ 5.47 on its launch day, CARDS dropped to about $ 2.20 on March 31, and managed to change direction to reach the current peak.
CardStarter token holders will be able to gain early access to certain token launches on the Cardano blockchain once the platform activates its smart contract capabilities.
All teams working with CardStarter to crowdfund their projects will need to contribute to the CardStarter treasury, which will be used to protect those who invest in new participatory projects developed in Cardano’s network.
Charles Hoskinson’s Cardano is worth $ 39.2 billion, currently the second-closest project in terms of market capitalization to outshine Ethereum, the best smart contract platform.
Crypto analyst and influencer Lark Davis took a look at some of the recent attacks on Cardano recently. While the project works fairly slowly to complete its mission to build the best blockchain in the field, Davis points out that there may be a high chance of eventually delivering “a strong and interesting blockchain that will become a big part of the crypto ecosystem.”
CARDS is currently trading slightly below its all-time high and around $ 9.23.