While the price of Cardano (ADA), the seventh cryptocurrency by market cap, has been down for a while, Dan Gambardello, founder of Crypto Capital Venture (CCV), thinks it has been misinterpreted by many who don’t understand the altcoin project.
Dan Gambardello: This altcoin crypto market sleeper giant
According to Gambardello, who also runs a Cardano pool, the PoS Blockchain giant is designed to provide decentralized banking services around the world. This is why the CCV founder believes ADA is on the brink of leapfrog:
Cardano is designed to build decentralized financial infrastructure around the world…In the crypto world, ADA is the biggest sleeper giant. “It will explode”.
Cardano is already a bush of activity
Gambardello, He had previously shared his reasons for being optimistic about the ADA’s future. The crypto expert says ADA’s cryptocurrency exchange Gemini has consistently ranked among the top 10 by market capitalization, with the listing request. He adds that blockchain has one of the most active development communities in the crypto world.
Meanwhile, many events took place on the Cardano network. More than ten projects built on the cryptocurrency have made notable announcements in February alone, according to a listing released by IOHK, Cardano’s development arm. MADAX operating in the metaverse market, WingRiders receiving investment from Cfund, and Yoroi Wallet promoting the dApp connector function are just a few examples.
Cardano’s 2022 roadmap
As increased blockchain activity causes network congestion, IOHK has announced its intentions to expand the network. Hydra, the Cardano layer 2 scaling solution that is supposed to increase transaction speeds on the network, was recently introduced by the company in a video. Hydra is just one of IOHK’s planned 2022 solutions. On the network, network parameter changes are also made to meet the demand from dApps. The block size of the network was increased by 11% from 72 kb to 80 kb after the last parameter change.
In a survey organized by Finder, which we transferred as Cryptokoin.com, the Cardano price of the coming years was estimated. Crypto experts are betting that Cardano will surpass $8 by the end of 2025.
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