Cardano (ADA) has experienced a major downtrend in the past months as the crypto market has seen another surge towards bottoms. The ADA Whale Twitter account shares its 2022 roadmap that will support the ADA price despite this negative trend. Here are the details…
ADA Whale shares key predictions that could kickstart Cardano rally
First, Cardano successfully migrated to the PoS consensus mechanism in 2020, shortly after it achieved complete decentralization. Then, a new era started with “Allegra”, the first of the 3 major Hard Fork Combinator (HFC) events, and then “Mary” application. These upgrades brought new capabilities to the Cardano mainnet, complete with “Alonzo” bringing smart contract capabilities to the Cardano Blockchain. Already the ecosystem is seeing an increase in projects. In that sense, ADA Whale shares its top predictions that could fuel another rally for the underlying cryptocurrency of the Cardano network. Let’s take a look at the analyst’s predictions…
Analyst shares Cardano’s roadmap
ADA Whale talks about the potential increase in the number of transactions and active addresses for ADA. The analyst believes that these fundamentals could increase 5x in 2023 leading to a massive wave of adoption. Besides these, Cardano remains one of the most actively used networks. Scaling happens gradually through different streams first to continue growing exponentially in 2023. This new wave of adoption for this network could translate into more projects, according to the analyst. Investors predict that by the end of 2022, there may be more than 250 Dapps, DeFi platforms, launchpads, and more on the network.
Cardano and its potential for the coming years
Cryptocoin. com, in addition to its security, ADA offers low wages, energy efficiency with a green footprint, and has been adopted by companies and projects with global impact. This includes World Mobile, Singularity and others. The aforementioned collaborations place the ecosystem in different sectors by establishing close relationships with governments in growing economies. Meanwhile, the network is improving its interoperability capabilities. According to ADA Whale, Milkomeda, the EVM-compatible second-tier solution for ADA, will help more users and developers for such solutions.