Cardano lists the list of development activities, ADA for an explosive 2022

Cardano lists the list of development activities, ADA for an explosive 2022

  • The Cardano-Blockchain experienced a strong development activity that overtook its competitors at a greater distance.
  • After a sideways movement in the past few weeks, the ADA Prize in the new year seems to be ready for a strong outbreak.

The Ethereum competitor Cardano was on everyone's lips in 2021, with the project listing the charts in terms of development activities. According to the latest report by the on-chain data provider Santiment, the Cardano Blockchain ranks overall in the overall development activity.

Well, the development activities may not have an impact on the ADA price at short notice. However, it shows the commitment of the Cardano team for the continuous development of the platform. In 2021 the Cardano blockchain was subjected to a few major changes, with the most important thing in the form of the Alonzo upgrade.

This brought the possibility of implementing smart contracts to the Cardano network. In addition, there was also a quick acceptance of these smart contracts. In 2022 the Cardano blockchain will probably introduce additional upgrades for the platform.

Read more

: In five days after the Alonzo upgrade, the Cardano Blockchain has more than 200 smart contracts

In addition, Cardano was also a leader in the last year 2021 when it comes to the number of active participants. According to the Github report, an average of 53 contributors contributed to the platform.

with kind permission: Github

As we can see from the graphic above, Cardano leads with a strong lead in front of his immediate competitor Kusama. Interestingly, Kusama and Polkadot succeeded in taking second and third place before the second largest cryptocurrency Ethereum (ETH) in the world.

These statistics mentioned above provide information about where the entire crypto ecosystem develops. Projects such as Cardano with the active developer community will also “dominate”.

Cardano founder predicts that 2022 will be the best year

During his last livestream on January 1, 2022, Cardano founder Charles Hoskinson

He said that the broader cryptom market has experienced a quick growth and that "we as an industry will digest the consequences for good or evil if we get so big".

In addition, the Cardano founder also spoke about other projects. He expects the Ripple case to be settled in 2022. Based on the current situation, Hoskinson also outlined that Ripple seems to be the winner for the time being.

related : Ripple has no plans to agree with the SEC in relation to XRP, the legal team

reveals

for 2022 Hoskinson expects a lot of regulatory commitment in the crypto room. Therefore, he also expects to take action with Defi and non -funny tokens (NFTS).

Is Cardano Ada ready to explode?

On the technical 12-hour chart, the price campaign by Cardano (ADA) forms a symmetrical triangle pattern. This means that the ADA price could consolidate until a decisive outbreak that points to his next step. If the ADA price based on the upper trend line exceeds the 1.50 USD brand, it can experience another explosive rally of 30 percent.

Cardanos Ada took part in the Hausse of the Altcoin market in 2021. At some point, she also turned out to be the third largest cryptocurrency and a direct challenge for Ethereum. The ADA price reached an all-time high of $ 2.96. However, it corrected more than 50 percent of these values. At the time of printing, ADA is trading at $ 1.35 with a market capitalization of $ 45.2 billion as the sixth largest cryptocurrency on the market.


Source: Crypto-news-flash.com