Lukas Moore, a famous trader, shared with his followers in a recent post. Cardano (ADA) He shares why he thinks it will be parabolic in 2022. Beginning his speech by summarizing Cardano’s journey so far, the analyst continues by saying why the current timeframe is a great opportunity to invest.
To begin with, the analyst claims that Cardano’s ecosystem has great potential for 2022. Therefore, it encourages traders to prepare for an advantageous future and highlights a number of opportunities that will unfold in the Cardano ecosystem for the coming year.
Emphasizing the milestones that marked the crypto world in 2021, Moore underlined many new developments this year, such as Solana’s layer-2 project, the rise of meme coins, the emergence of the metaverse sector, while one of the most important of them is Cardano’s smart contracts. He says it will last.
The Arrival of Smart Contracts to Cardano
Despite this much-anticipated development for Cardano, which resulted in a huge price increase and allowed users in the ecosystem to finally do more on the platform, the momentum of the network is moving much slower than investors expected.
As a result of failing to meet expectations, some projects and investors are transitioning to Solana and other ecosystems. On the other hand, real Cardano fans are sitting around waiting for Cardano to finally explode.
This patient wait is thought to be due to Cardano’s adoption of a more academic approach. In order not to rush the project and deal with missteps, the project is progressing slowly and steadily to meet set milestones. The team has hit every milestone they’ve set so far and hasn’t faltered once, so investors trust the platform.
“As a result, although the transition to the final stage has been slow, it still continues on time, strong and safe. Not to mention that the community is expanding steadily and more and more projects are being added to the platform.”
Since the launch of the Alonzo mainnet, smart contracts can now be deployed on Cardano. Therefore, those with technical development skills are starting to create projects on Cardano. With more mainnet upgrades, this process will become even simpler and more users will be able to deploy their projects.
Believing that there are numerous opportunities in cryptocurrency for short-term gains and that Cardano will be in a bull market in 2022, Lukas Moore ultimately plans to significantly reduce his potential losses on this bet and ends the article by stating Cardano’s plan to take risks in small-scale projects.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.