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Hello. It’s Crypto Nomad. As we enter the new year, There’s a project some extreme prospects are mixed. Some people predict that the surge is not far away, while others say Ada will fall out of the top 10 in market capitalization this year. It’s about Cardano project.
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In terms of market price, Ada is somewhat disappointed. At the time of the Alonzo Hard Fork in September, Ada surpassed $3 but now the price has fallen below half. While there is an advocate for meaningful corrections, criticism is coexisting that there is only one thing left to go to the abyss.
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Regarding the utility aspect of Ada, Grayscale, the world’s largest cryptocurrency asset management, analyzed that Ada will become the next-generation Internet platform Web 3.0 consisting of blockchain-based cryptocurrency networks. It raised a hopeful vision that Cardano will be at the forefront of next-generation Internet platform innovation.
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On the other hand, blockchain research firm Arcane Research announced its outlook for the cryptocurrency market in 2022 and suggested a gloomy outlook that Ada would fall out of the top 10 market capitalization. It’s becoming a more popular trend setter than Ada. As the market capitalization of Solana and Terra increases, interest in Ada will be relatively sluggish.
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Ada founder Charles Hoskinson seems to have a better grasp of these situations than anyone else. He also stressed that everything is going smoothly as Ada announced the roadmap in 2022 ahead of 2022. He also stressed that Ada is approaching slowly but systematically.
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Ada Cardano has been criticized for having no visible results. However, since the Alonzo hard fork in September last year, smart contracts have been implemented, and the ecosystem is also expanding quite rapidly. Above all, it is strongly supported by reliable Ada holders. Let’s take a look at whether Ada will be able to create another turning point for a leap forward while hitting a new highest price in 2022.
#ADA #Cardano #Ethereum #coin #CharlesHoskinson