Cardano (ADA) news as of 03/08/2022
” The good news is that the set of things that could go wrong has gotten so small, and now we’re kind of in the final stages of testing in that regard. So unless we discover something new, I don’t think we will have any further delays. “, he said.
According to predictions from Investing Cube, the price of the native ADA token is expected towards its next big break. The key resistance level to watch for 2025 and 2030 will be around $2 and $5, respectively.
Cardano (ADA) Mid-Term Price Prediction
Cardano may cross above $1 at the end of the crypto winter of 2022.
Long Term Cardano (ADA) Price Prediction
Cardano could reach $2 for the end of 2023 horizon with a further general rise of the whole cryptocurrency market.
Opinion on the Cardano project
Cardano has been among the most active blockchain networks of 2022. Despite the drop in the price of the ADA crypto, the network remains highly coveted.
What affects the value of Cardano (ADA)?
- The hard fork Vasil
- Important Network Upgrades
- Important twists concerning Charles Hoskinson (CEO)
What is Cardano (ADA)?
According to its founder Charles Hoskinson, Cardano is an open platform that aims to provide economic identity to the billions of people who lack it by offering decentralized applications to manage identity, value and governance (management).
The network was created with the aim of creating a “more balanced and long-term ecosystem” for cryptocurrencies. Cardano started as a research project and has now evolved into a full-fledged blockchain platform.
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The creators of Ethereum believed that smart contract blockchains, like Ethereum, were plagued with scalability and interoperability issues, and that the only way to fix these issues was to create an entirely new platform based on the mechanism. Proof of Stake consensus statement.
Cardano is considered the first 3rd generation blockchain, Bitcoin being the first and Ethereum the second.
How does Cardano work?
Cardano offers several features: smart contracts, DeFi platforms, and NFT platforms. The network’s native cryptocurrency is at the center of this ecosystem. It can also be traded on cryptocurrency exchanges.