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3 reasons why Cardano should explode again in 2022



 The Cardano network made an extreme leap forward in 2022. The introduction of smart contract functions pushed the price of the native ADA token up to $ 3 in September. However, the price lost a lot of its value during the major market correction. However, the price has been rising again for a few days. We give 3 reasons why Cardano could explode again in 2022.

Cardano Explosion 2022 - 1. Extremely positive user numbers

The big market correction dwarfed some very positive developments at Cardano. Because in the background Cardano has recorded some extremely positive key figures. The first thing to be mentioned is the enormous increase in the number of Cardano addresses. This increased in November from around 50,000 to 216,000.

But not only the number of addresses and thus the number of users increased. At the beginning of November, Cardano reached the milestone of 20 million processed transactions for the first time. In general, the number of transactions in November increased by 75%. These strong figures give hope for the successful year 2022 for Cardano.

2. New technical milestones

Cardano is a project that wants to develop over the years. Therefore, short-term price increases or decreases leave the developers rather cold. Co-founder and CEO Charles Hoskinson plans to develop end-to-end microfinance transactions for the network in the second half. Cardano is to serve as a peer-to-peer payment network, which is covered by stablecoins.

With the new plans, Cardano wants to position itself primarily in the area of ​​decentralized financial products (DeFi). This market has enormous potential, especially in the emerging economies of today's developing countries. Cardano also wants to develop a formal open source project structure in 2022 and increasingly involve institutions. So far, Cardano has always delivered on its promises.

Cardano Explosion 2022 - 3. Settlement of new decentralized projects

Cardano has taken a big step with the introduction of smart contracts. So far, the network has always been regarded as technically excellent, but has been described by critics as "too academic". With smart contracts that work, Cardano is also taking the step towards mass adoption for 2022.

Due to the significantly lower fees and better security, Cardano has many advantages over the market leader Ethereum. However, this is currently in the process of being converted to Ethereum 2.0, with the conversion to Proof-of-Stake taking place. However, there are still question marks as to whether Ethereum Cardano can technically compete with Cardano in 2022.

The newcomers Solana and Avalanche have had a lot of hype over the past few months. They impress with extremely efficient methods of consensus, which they do quickly, securely, and inexpensively. However, the two networks still have to show whether they can withstand mass adoption.

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