ADA Price Prediction – Cardano Launches New EVM Sidechain

Cardano (ADA) news as of 06/14/2022

This new feature, which is not subject to authorization, allows developers to create Solidity applications on the Cardano network or migrate them from Ethereum to Cardano.

Among other available details, we learn that users will be able to enjoy much lower fees and faster settlement times on a more environmentally sustainable blockchain. “The main features of the EVM sidechain will be full compatibility with Ethereum updates and tools, compatibility with Web3 wallets […] », Explain IOG.

The ADA, the native cryptocurrency of the Cardano blockchain is going through a bearish period with a price around $0.49. However, the medium and long term prospects for the project continue to attract investors.

Cardano (ADA) Mid-Term Price Prediction

Cardano may cross above $1 at the end of the crypto winter of 2022.

Cardano (ADA) Long Term Price Prediction

Cardano could reach $2 for the end of 2023 horizon with a further general rise of the whole cryptocurrency market.

Opinion on the Cardano project

Cardano has been among the most active blockchain networks of 2022. Despite the drop in the price of the ADA crypto, the network remains highly coveted.

What affects the value of Cardano (ADA)?

  • The hard fork Vasil
  • Important Network Upgrades
  • Important twists concerning Charles Hoskinson (CEO)

Read also Want to invest in NFTs? Discover the new NFT marketplace on the Cardano blockchain

What is Cardano (ADA)?

According to its founder Charles Hoskinson, Cardano is an open platform that aims to provide economic identity to the billions of people who lack it by offering decentralized applications to manage identity, value and governance (management).

The network was created with the aim of creating a “more balanced and long-term ecosystem” for cryptocurrencies. Cardano started as a research project and has now evolved into a full-fledged blockchain platform.

The creators of Ethereum believed that smart contract blockchains, like Ethereum, were plagued with scalability and interoperability issues, and that the only way to fix these issues was to create an entirely new platform based on the mechanism. Proof of Stake consensus statement.

Cardano is considered the first 3rd generation blockchain, Bitcoin being the first and Ethereum the second.

How does Cardano work?

Cardano offers several features: smart contracts, DeFi platforms, and NFT platforms. The network’s native cryptocurrency is at the center of this ecosystem. It can also be traded on cryptocurrency exchanges.

Useful links for investing in Cardano (ADA)

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