Developments in Cardano (ADA) follow each other. The development team behind Cardano is working on the next Daedalus update. The Input Output Hong Kong (IOHK) team is preparing to support the upcoming Cardano maintenance upgrade to prepare for the next Daedalus release. Meanwhile, the Nervos bridge connecting Ethereum to Cardano is live and the bridge allows users to exchange assets and create their own tokens. Dogecoin millionaire announced that he has invested in Cardano (ADA) and expects big moves in the altcoin price. For details cryptocoin.com You should keep reading.
Cardano takes big strides with new partnerships
IOHK, the Blockchain development firm that created Cardano, is now supporting the next Cardano maintenance upgrade. Developers are preparing for Daedalus v.4.4.0 release, including integrations with Cardano node and wallet, and the ability to unpair a hardware wallet.
Meanwhile, Nervos Network has announced that its bridge connecting assets on the Blockchain to Ethereum, Cardano and other networks is now live. The “power bridge” increases accessibility by supporting the exchangeability of assets on Nervos between different Blockchains. Interestingly, Cardano’s recent partnerships focus on improving financial accessibility in developing countries. The network’s partnership with Oasis Pro supports governments in pooling internal remittances to fund major infrastructure projects.
While some analysts are optimistic about the altcoin, there are also those who disagree.
According to analyst Ekta Mourya, Cardano’s partnerships are likely to increase real-world use cases for the altcoin along with the price of ADA tokens. Altcoin continues to attract investors. Finally, Dogecoin millionaire Glauber Contessoto admitted to investing in Cardano. Glauber Contessoto stated that he is in a bullish position in Cardano and predicts a breakout in ADA price. In addition, Michäel van de Poppe, CEO and founder of The Eight Global, predicts the ADA price will go higher, following the path he has outlined on the daily chart:
As will be remembered, deVere Group CEO Nigel Green has now predicted that the price of Cardano (ADA) will rise to $ 3 in September 2021. Nigel Green, whose prediction turned out to be correct, says that he is in a bullish position on ADA and has set a target of $4 for the end of the year. Nigel Green shared:
Cardano(ADA) could soon reach new highs and touch $4 by the end of the year.
On the other hand, FXStreet analysts, unlike famous executives and optimistic analysts, predict the negative direction in the ADA price trend and predict a drop to $ 1.70. At the time of writing, Cardano price was trading at $2.11, down 2.81% daily, according to CoinMarkerCap data. ADA, which ranks 4th among cryptocurrencies with a market capitalization of approximately $69.6 billion, is 31.56% away from the $3.10 ATH it saw on September 2 this year.
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