cardanoThe development team behind Daedalus is already working hard on the next Daedalus update. New partnerships in the Cardano ecosystem ISLANDIt is expected to increase the utility and subsequently the price.
Cardano is making big strides with new partnerships; Analysts are optimistic about altcoin
Input Output Hong Kong (IOHK), the blockchain development firm that created Cardano, now supports the next Cardano maintenance update. Integrations with the Cardano node and wallet, as well as the ability to unpair a hardware wallet, are among the features planned by the developers for the Daedalus v.4.4.0 release.
Nervos Network has announced that its bridge connecting assets on its 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 aim to improve financial accessibility in developing countries. For example, the network’s collaboration with Oasis Pro helps governments pool remittances to fund major infrastructure projects.
These partnerships realized by Cardano, benefit from the ADA token and altcoin It is likely to increase real-world use cases for Therefore, many analysts and traders think that the price of ADA will be positively affected by these partnerships.
Dogecoin millionaire Glauber Contessoto admitted to investing in Cardano recently. Contessoto is very optimistic about Cardano and predicts that the ADA price could skyrocket.
Michäel van de Poppe, CEO and founder of The Eight Global, also predicted that the ADA price would go higher, following the path he outlined in a daily chart he shared today.
Following the path on $ADA. pic.twitter.com/2H8PFY1BPV
— Michaël van de Poppe (@CryptoMichNL) October 17, 2021
As previously reported by KoinFinans, deVere Group CEO Nigel Green, whose analyzes were generally correct, predicted that the ADA price would increase to $3 in September 2021. Green’s prediction turned out to be correct like the others. Green is currently bullish on ADA and has set a target of $4 for the end of the year:
“…[Cardano] It may reach new heights soon and $4 by the end of the year.”
To the contrary, FXStreet analysts also evaluated the ADA price trend and predicted a drop to $1.70 for the popular altcoin.
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.