Today, we’ll go over the current price updates on Cardano and interesting statistics that show some of the growth of Cardano. We’ll then end today’s article with a little price prediction of Ada for 2022.
To start with, we’ll look at some of the prices that we’ve seen bounce around this week. The last few days have definitely been some Christmas treats. As we got closer to Christmas this week, we’ve seen a lot of upticks going as high as $1.50 per Cardano. So this is great news for anyone that’s following the price real close.
Since 2016, 128 Cardano research papers have been published, out of which 45 of them were published this year alone. Cardano is the first blockchain platform founded on the peer-reviewed research and developed through evidence-based methods.
This is a huge news and there are a lot of peer reviews and a lot of really small people, some of the smartest minds in blockchain technology, are working on Cardano. So that itself should tell you where this is going.
And here are some stats that promises the potential of Cardano. As of December, 2021:
Last Christmas recorded a total of 190,000 Ada wallets whilethis Christmas has recorded over 2.5 million Ada wallets. This is an insane growth of +1,200% in a single year! That’s quite impressive. This is a great progress that shows the overall adoption rate of this technology being used rather than showing the presence of whales within the community.
Recently, we saw Cardano’s block size perimeter increase from 64KB to 72KB. This is a 12.5% increase that can essentially provide greater capacity for over 2 million users. So larger block sizes mean more transactions, such as plutus scripts(smart contracts), native tokens, metadata, and Ada transactions/payments, can fit into a block. So ultimately, the larger the block, the more transactions we can fit.
Moving on to Cardano’s price prediction, the analysts all around are looking bullish towards Ada. As far as what we’ve seen, analysts are predicting Ada to move up to the $12 mark in 2022. Analysts predict an even more bullish run in the far future, predicting Ada to reach $18 in 2023, $25 in 2024, and $37 in 2025.
Analyzing the pace of progress that Cardano currently moves at, we can see Cardano nearing a huge growth potential. I’m definitely buying everything and hold on to it for as long as I can. This is strictly not a financial advice but my personal opinion.
Thank you for sticking with me to the very end. We hope this has been valuable information to your journey with cryptocurrencies. As always, make sure to keep your kids protected with CleanRouter and CleanPhone. This lets you have the ultimate parental controls with how your kids use their phone 🙂
If you’d like to learn more about everything latest on Cardano, kindly check out the video below: