Why 2022 Could Be The Best Year For Cardano, Top Bullish Predictions
30 Dicembre 2021 - 11:00PM
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Cardano (ADA) experienced a major downtrend in the past months as
the crypto market took another swing for the lows. The sixth
cryptocurrency by market cap has seen a year in the green as it
managed to complete several upgrades on its mainnet. Related
Reading | Biggest Cardano Based Cross-Chain NFT Marketplace Verlux
kicks Off Pre-sale First, Cardano successfully transitioned to a
Proof-of-Stake consensus in 2020, shortly after the D parameter
reached “0” signaling the full decentralization of block
production. The network went from a federate consensus to a
community-based consensus as the latter control most stake pools
producing blocks on the network. Later, the start of a new era with
the first of 3 major Hard Fork Combinator (HFC) events with the
implementation of “Allegra”, followed by “Mary”. These upgrades
brought new capabilities to the Cardano mainnet which were
completed with “Alonzo” that introduced smart contract capabilities
into the blockchain. This ecosystem has already seen a surge in
projects, as developers and users rush in to build and leverage the
benefits of its UTXO model. In that sense, community member ADA
Whale shared his top predictions that could boost another rally for
the underlying cryptocurrency of the Cardano network. 1/Ten Cardano
predictions for 2022. They’re imo simultaneously conservative,
achievable yet ambitious In a year I will review how right or wrong
I have been. Not expecting full accuracy but maybe 50-75%? Note: no
price talk, if the following happens, price will follow naturally —
ADA whale (@cardano_whale) December 30, 2021 ADA Whale mentioned
the potential increase in the number of transactions and active
addresses for Cardano. The investor believes these fundamentals
could increase by a factor of 5 leading into a massive wave of
adoption in 2023. Cardano remains one of the most actively used
networks. Scaling happens via different streams, first gradually to
keep up w growth, exponentially in 2023. This new wave of adoption
for this network could translate into more projects. The investors
estimated that by the end of 2022, there could be more than 250
decentralized applications, DeFi platforms, launchpad and more on
the network. The investor added: Cardano DeFi starts slowly but TVL
>$10bn eoy. Dapp store with levels of certification goes live.
Ease of use sees people replace banking stack with Cardano DeFi.
Digital Identity projects thrive connecting DeFi w/ real world.
UTXO DeFi will be different, and better Cardano And Its Potential
For The Coming Years In addition to its security, according to ADA
Whale, Cardano offers low fees, energy efficiency with a green
footprint, and has been adopted by companies and projects with a
global impact. This includes World Mobile, Singularity, and others.
The aforementioned collaborations place the ecosystem in different
sectors with close deals with governments in growing economies.
Cardano will strengthen its partnerships in the coming years as it
attempts to provide people with an open, decentralized, and
accessible network to manage and support a variety of basic
services. In the meantime, the network develops interoperable
capabilities. ADA Whale mentioned Milkomeda, a second layer
solution for Cardano with EVM compatibility. This types of
solutions will help onboard more users and developers. Related
Reading | Cardano Project Flickto Surpasses 1.5 Million ADA Staked
One Month After Launch As of press time, ADA trades at $1,36 with
sideways movement in the past day.
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