Logo
Cardano Ecosystem

BitcoinEthereumNews

04/19/2022

·

526 views


Cardano Creator Says Cardano Is Just Starting After Adding 100,000 New Addresses in Last Month

The post Cardano Creator Says Cardano Is Just Starting After Adding 100,000 New Addresses in Last Month appeared on BitcoinEthereumNews.com. Contents Why is Cardano growing so fast? Why does Charles Hoskinson expect growth in the future? The creator of...

Cardano Creator Says Cardano Is Just Starting After Adding 100,000 New Addresses in Last Month

The creator of Cardano ecosystem and founder of IOHK, Charles Hoskinson, shared his positive forecast for the Cardano ecosystem as it gained approximately 100,000 new addresses this month alonw, according to his official Twitter post.

Why is Cardano growing so fast?

One of the most influential developers in the industry hopes and waits for the growth of the ecosystem, especially after the release of smart contracts technology, which has already attracted more than $300 million in users’ funds.

Just getting started https://t.co/HGBiJY7n7U

— Charles Hoskinson (@IOHK_Charles) April 18, 2022

Following the release of the technology, only a couple of projects, including SundaeSwap and Minswap, successfully attracted 99% of TVL. Shortly after, developers released over 15 new DeFi projects in the space, creating more diversity in the ecosystem.

Why does Charles Hoskinson expect growth in the future?

While Hoskinson’s prediction could be considered bold, he has a right to think so as the rapidly emerging technology on Cardano is at the early stages of adoption and yet to see the blossoming of various decentralized solutions, including lending and borrowing platforms, stablecoins, NFTs and NFT marketplaces.

In an analogy with Ethereum, Cardano may in fact face a strong increase in capitalization as the demand for DeFi, NFTs and decentralization recovers and returns to 2021 levels.

Unfortunately, there is no guarantee that the underlying coin of the Cardano network, ADA, will follow the ecosystem’s growth pace. While TVL on Cardano faced 1,000% growth, the price of ADA, which remained in a prolonged downtrend, increased by only 35% and has already lost 100% of the previously gained value.

Cardano ChartSource: TradingView

At press time, ADA is trading at $0.9, with a 23% loss in the last 30 days.

Source: https://u.today/cardano-creator-says-cardano-is-just-starting-after-adding-100000-new-addresses-in-last-month

Post navigation

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on BitcoinEthereumNews

ORIGINAL SOURCE

https://bitcoinethereumnews.com/technolo...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from BitcoinEthereumNews

See more
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com
BitcoinEthereumNews
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com

03/15/2023

·

1.7K views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)