Cardano Price Prediction 2022-2025 - Best Crypto to Buy?
Categories: Crypto News
Cardano has soared over 762% since its inception into the market in 2017. The current Cardano crypto price is £0.7, which is up almost 5% in the last 5 days. However, broadening this horizon to the past 30 days, the Cardano price is down 8%, following the bearish crypto markets.As mentioned, the current Cardano crypto price is down 8% over the past 30 days. Expanding this timeframe to one year, the price is over 20% lower. Much of this fall has been in line with the broader crypto market’s movements. Year-to-date, the price is down 31%, highlighting the fall. For reference, Bitcoin is down almost 10% year to date. However, the bearish crypto markets could prove a great chance to buy Cardano at a cheaper price. Being down over 67% from its all-time high of £2.14, there is some great room for growth. There are also many other reasons to be excited for Cardano in 2022, with the developers behind the coin announcing some exciting upcoming projects.A recent update from Cardano developers Input Output Hong Kong (IOHK) contained some exciting news for the future of Cardano. Recently the platform saw the implementation of 3 major updates to improve the smart contract capabilities of the coin. These built upon the core network introducing powerful improvements and enhancements. Regarding the future, the developers stated that there was another series of updates coming in the near future, including the deployment of light wallet, a decentralised app store, development tools, new APIs, and sidechains.Cardano has stated that these adjustments will be implemented steadily to guarantee the safety of its users and holders. This is great news for the coin as increased capabilities will likely lead to wider use and adoption.During the last week of February, Cardano added multiple smaller updates to help smooth out some of the common processes. These included adding a DB layer into the Cardano wallet and finalising new transaction workflows to mint and burn tokens.