Cardano Rose 30% Last Week. What Will Happen in the Future?

Cardano‘s core technology makes it a viable ecosystem to build new and exciting applications, platforms, products and services.

It’s been an exciting week for the Cardano ecosystem and its fans. ADA is the strongest market performance in the past seven days, resulting in a 30% price rise. There are many things that can be foreseen for Cardano’s ecosystem, including technological developments and exciting projects.

Cardano Pushes Up

Although all cryptocurrency markets have found new bullish momentum this week, their appreciation methods are different. Some currencies will notice more significant gains than others, and Cardano has taken the lead in the past week. Its 30% ADA price rise has attracted a lot of attention and pushed the currency back above the $1.15 mark. The key now is to keep this momentum going, although it will always be tricky.

In addition to price speculation, there is reason to be excited about Cardano in 2022. Many projects use the technology of this ecosystem to have cross chain compatibility with Ethereum dapps, and the overall roadmap looks very interesting. For the blockchain and cryptocurrency ecosystem, it is essential to maintain development and innovation as much as possible.

Strong Mortgage Support Reduces Cardano’s Liquidity

Unlike bitcoin or Ethereum, Cardano recently launched support for bet proof. Therefore, users are encouraged to bet their ADA in their wallets or earn rewards through exchanges. The current ratio shows that users can achieve more than 5% of the passive income flow per year through mortgage Cardano, which is quite attractive. More importantly, more than 71.7% of the current ADA supply is locked in mortgage.

An important benefit of betting is that it helps to reduce the liquidity of the circulating supply. Fewer tokens available for trading means it is more difficult to buy ADA. Although there is still nearly 30% supply, fixed price support can help maintain price stability. After all, a passive return of 5% is far better than putting money in a savings account.

Compatibility with Ethereum Dapps

Cardano is developing in technology. The recently launched milkomeda C1 establishes a compatibility bridge between Cardano and dapps based on Ethereum blockchain. This compatibility is made possible by milkomeda’s integration of Ethereum virtual machines and support for the solid programming language. For Ethereum developers, it is now possible to deploy their applications on Cardano.
People must remember Cardano’s local support for smart contracts and dapps. However, its programming language is different from Ethereum. With milkomeda, it is now possible to create solutions for both networks without changing the code to accommodate one. The number of dapps that users can access today is limited, but the list may continue to increase in the coming months.

Decentralized Web3 Advertising

Cardano’s core technology makes it a viable ecosystem to build new and exciting applications, platforms, products and services. The decentralization of the advertising industry — in the process of transition from web2 to Web3 — is a direction worthy of efforts. Profila believes that Cardano provides the best technology stack to explore this option. In addition, the team uses zero knowledge solutions to establish privacy in the advertising field.

Web3 revolves around empowering users and ensuring that they retain control over their data. More importantly, this control allows users to be rewarded for sharing their personal information with third parties. Through profila’s platform, users can share data with brands and get compensation for it. In addition, brands receive more accurate and operable data. This is a welcome change that can benefit all parties in the equation.