The year 2022 was less successful for Cardano from the ADA course side. But these price losses are understandable given the bear market. Nevertheless, the project hopes for a successful year in 2023. The signs are not bad despite the low prices of ADA. Will Cardano reach 1 $ after the FTX crash? Let’s see what ADA holds in this Cardano prediction.
Cardano 2022: How did ADA perform?
In the bullish year 2021, the ADA price saw massive gains, and the Goguen development phase was completed with the implementation of smart contracts. A year later, work on the scalability of the Cardano blockchain begins. This phase of development is called Basho and it started this year.
The first big step was the Vasil güncellemesi . This significantly increases the transaction throughput of the Cardano blockchain. Furthermore, Cardano is in the development of the layer 2 scaling solution Hydra, which should also massively increase the speed again. At the end of 2022, the network took the first important steps to make its network extremely scalable.
Cardano 2023: How will Cardano perform next year?
Despite the price losses of the ADA token, 2022 was a very exciting year for Cardano. Despite the usual delays, the network is still on an excellent path to becoming possibly the most technically mature and successful blockchain in the future.
The year 2023 should bring the maturity of the functions that guarantee massive scalability in the network. But other interesting projects are also planned for Cardano in the coming months.
What are the most important Cardano projects in 2023?
At this year’s Cardano Summit, developer Emurgo recently announced the development of its own stablecoin for early 2023. This is said to be the USDA stablecoin. It is based on the well-known USDC (Circles USD-Coin). With the USDA, users can convert their US dollars directly 1:1 and thus participate in the Cardano DeFi system. Especially the DeFi growth is one of the most important goals of Cardano, since the use cases are comparatively still very small.
Source: https://cryptoticker.io/en/cardano-prediction-2023-will-cardano-reach-1/