3 Reasons to Buy Crypto Cardano (ADA) Now!

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Cryptos have been slow to reach 2022, but March has shown signs that prices are waking up. Which crypto should one invest in in this context in 2022? Although there are plenty of high-potential cryptocurrencies out there, this altcoin may experience a planetary adjustment in 2022 that may propel the price forward. What crypto are we talking about? Cardano…

3 Reasons to Buy Crypto Cardano (ADA) Now!
Source: Adobe / sdx15

The Cardano ecosystem is growing

Long awaited, Cardano finally has an ecosystem that allows it to compete with its rivals. As a reminder, Cardano is one of those ethereum killers. In addition to Ethereum, Cardano is therefore in direct competition with Solana (SOL), Avalanche (AVAX), Polkadot (DOT), etc.

With its ecosystem, Cardano is now hosting DEXs as DEX Minswap or SundaeSwap. In addition, Cardano has also entered the very lively sector of NFT. If Cardano had lagged behind its competitors, blockchain is now working hard to fill it.

Signs of the vitality and attractiveness of the Cardano blockchain, his TVL explodes. As a reminder, TVL stands for “Total Lock Value”, which can be translated to “Total Locked Value”. More simply, TVL represents the amount of money saved on the blockchain when you combine all your projects. An exploding TVL is a sign that many projects are streaming to blockchain. Thus, the TVL for ADA has increased from $ 3.2 million on January 20, 2022 to $ 252 million at the time of writing.

According to defiLlama datathe most important projects on the Cardano blockchain are:

  • Minswap (MIN);
  • SundeaSwap (SUNDAYS);
  • MuesliSwap (MILK);
  • MeowSwapFi (MEOW);
  • Wing Riders (WRT);
  • ADAX Pro (ADAX).
Source: Adobe / Thitichaya

The launch of the Hydra update in 2022

The cardano therefore seems ready to explode, all that is missing is a spark. Exactly, this is where the Hydra update comes in. Like other DeFi cryptocurrencies, Cardano faces challenges network delays. A malfunctioning blockchain is a barrier to attracting application developers.

Like other blockchains, Cardano works for a so-called second layer solution called Hydra. Long talked about, it seems that 2022 this time is the right year to see the implementation of Hydra. Like the mythological monster, the Hydra solution has several heads, each capable of handling a high number of transactions per second (TPS). If the scalability of Cardano is estimated at around 250 TPS, with Hydra, it could achieve 1,000 GST per inhabitant ! In this context, we understand that the arrival of Hydra should be a game-changer and blow up the TVL of Cardano, but also its course.

And because one update is not enough, there are actually two updates scheduled for 2022 on Cardano! In fact, before Hydra, the hard fork Vasil lands in June. In the very creator of Cardano’s opinion, this should already do one air call for DeFi developers.

“What most people do not understand is that many Cardano DApps are waiting for the launch of Vasil hard fork in June to benefit from pipelining. So it looks like we have not seen any TVL yet.” Charles Hoskinson

Data show ADA's price increases before a hard fork;  Is it time to buy Cardano ahead of Vasil in June?

A still very underrated crypto

It will be understood that many things will happen regarding Cardano in 2022. What boost this course ? There is a good chance as Cardano is one of those still highly undervalued cryptocurrencies.

So right now, the Cardano price is $ 1.19. The month of March was very favorable with an increase in the price of ADA of more than 35%! With Solana, the Cardano is therefore altcoin in the form of the moment. At the time of writing this article, the capitalization of Cardano is $ 40.49 billion, making it the 8th crypto to the world.

Despite the recent good performance, the price of Cardano is still far behind its ATH of $ 3.10 reached on September 2, 2021. This therefore suggests a good room for maneuver at Cardano’s price once the technological brakes are lifted.

What if it’s time to buy Cardano? If you’re thinking about it, hurry up, the first major update (Vasil) is scheduled for June …

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Follow our affiliate links:

  • Buying cryptocurrencies in the SEPA zone, Europe and French citizensvisit Coinhouse
  • Buying cryptocurrency in Canadavisit Bitbuy
  • To generate interest with your bitcoinsgo to the BlockFi website
  • To secure or store your cryptocurrenciesget Ledger or Trezor wallets
  • To trade your cryptocurrencies anonymouslyinstall the NordVPN app

To invest in cryptocurrency mining or masternodes:

To collect coins while playing:

  • In poker on the CoinPoker gaming platform
  • To a global fantasy football on the Sorare platform

Stay informed with our free weekly newsletter and to our social network:

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