Will Cardano (ADA) see growth in the near future?
Cardano (ADA) witnessed an impressive rally in June last year after a major upgrade. Well, digital asset giant Grayscale has added the token to its digital big business fund.
The company purchased the token as part of a quarterly rebalancing. Grayscale has sold other components in its portfolio to spin a Proof-of-Stake (PoS) blockchain cryptocurrency.
Grayscale has increased its stake (32.33%) in Cardano on its Ex-Ethereum smart contract platform. According to mutual fund calculations provided by Dan Gambardello, CEO of CryptoCapital Venture, since June 2022, the ada crypto has shown high returns from cryptocurrencies and is in first place.
After cardano in the ranking are:
- Stellar Lumen
The fact that the company has chosen Cardano as number one is a great advantage. This development actually speaks of a large volume for the corresponding platform. But it can get even better.
Such indicators make Ada Cradano a currency that is great for investment at the moment. If you decide to invest in this cryptocurrency, you can use it for a variety of purposes in the future. With its help, you can, for example, pay for various Internet services, make transfers to bank accounts, convert cryptocurrencies into real money and top up a deposit at an online casino. To do this, you need to choose an online casino where you can make payments with ADA Cardano. You should also make sure that this resource is fair and safe to use. By registering on such a resource, you can make a deposit in Cardano, and then use this currency to play. You can find a high quality crypto casino on the British casinospot resource.
Thanks to the hype surrounding the upcoming Vasil hard fork, ADA has increased by over 20% to become one of the best cryptocurrencies last week. The Vasil hard fork will appear at the end of June. It aims to improve network performance and make it easier for developers to use the Cardano blockchain to build applications. This is important as competition for Ethereum alternatives continues to grow.
In addition, since the Alonzo hard fork added smart contracts and allowed Cardano to compete with blockchain such as Ethereum, the Cardano network has grown steadily. According to developer Input Output, more than 1,000 projects are already being implemented on the Cardano network.
“This rapid development is actually playing an important role in improving the efficiency of the network. Therefore, we advise you not to ignore it.” – British CasinoSpot expert, Lars Hansen .
According to the latest data from Messari, Cardano recorded the highest adjusted transaction volume in 24 hours. Cardano has surpassed leading cryptocurrencies such as Bitcoin and Ethereum in adjusted transaction volumes with a 24-hour volume of $ 10.71 billion. ADA crypto seems to have become bullish in June, as has been the case with the results so far. But the question is, can he control this bullish narrative? Well, only time will tell. In particular, given the overall correction in the cryptocurrency market, at the time of writing, the ADA recorded an 8% correction, falling below the $ 0.6 mark. We can advise you as much as you want, but ultimately your choice is whether you want to invest in Cardano now or not. In our opinion, this cryptocurrency can continue to grow and take advantage of the fall of bitcoin, but in the investment market you can never be 100% sure.