According to a survey published on Tuesday, from the Twitter account @LondonRealTV, nearly 80 percent of respondents chose Cardano’s native token ADA above other major cryptocurrencies. This is a quite surprising result, especially when the bearish overwhelming crypto market.
This number far exceeds that of Bitcoin (11%), Ethereum (5%) and other Altcoins (7%) earned in the survey. Presumably, Bitcoin’s sharp correction of around $30,000 has hesitant investors. On the other hand, ETH is also active near the $1,800 level.
Why is Cardano so attractive right now?
Cardano is certainly among the most compelling cryptocurrencies in the market. This blockchain network is one many investors think of as a cross between Ethereum and Bitcoin. That’s because Cardano’s approach to sustainability, scalability, and interoperability encompasses the best of both platforms.
The ADA development team is now working on the Vasil hard fork, planned to deploy in July. The patch is intended to streamline Cardano’s support for smart contracts. The launch of the Cardano Hydra update is also anticipated for the third quarter of 2022.
Charles Hoskinson, founder of Cardano, previously explained that this new hard fork would introduce several scaling improvements that include “pipelining, new Plutus CIPs, UTXO on-disk storage, and Hydra.”
“In combination with parameter adjustments, these features will enhance Cardano’s throughput and optimize the system to accommodate an increasing range of decentralized finance (DeFi) apps, smart contracts, and DEXs.” He added.
It is projected that these features would increase Cardano’s acceptance and spike the price, making Cardano a perfect purchase in the current bear market.
Follow our channels for more crypto news:
- Cryptory Insights: https://t.me/CryptoryInsights
- Cryptory Global Community: https://t.me/CryptoryCommunity
- Facebook: https://www.facebook.com/CryptoryNetwork
- Twitter: https://twitter.com/CryptoryNetwork