Reading an interesting collection of articles shared by fellow PUBLISH0X (0xer?) over . It was one about Cardano that caught my eye in particular:
Cardano becomes most actively developed project in crypto industry
In and around the industry, we have the DYOR mantra drummed into us. Basically 'don't blame me for your losses' and that too applies to my ramblings below. I should probably point out that I'm holding a bunch of ADA bags...
But in doing my own research after reading the above article, it's clear that Cardano has one of the biggest development communities in the space.
According to this article, Cardano has seen the highest development activity amongst other top ten projects. Including Ethereum, Solana and Polkadot.
Not only this, but in 2021, Cardano topped the charts as the most developed blockchain by Github commits.
A lot happened on the Cardano blockchain in 2021:
The Mary upgrade in March brought support for multiple assets, allowing users to create custom tokens and carry out transactions with them on the network.
One of the major criticisms of the network was the lack of smart contracts. I'd often come across commentators unwilling to buy ADA, because of this omission. The Alonzo upgrade in September finally put this criticism to bed bringing in smart contract functionality opening the door for developers and businesses to build DApps and DeFi tools on Cardano.
Hyped projects such as ErgoDex and Sundaeswap went live, and although the latter exposed some rather painful issues (albeit expected) with the speed of the network. The developers moved swiftly to resolve those issues.
Fast forward to today and we are on the eve of the Vasil hard-fork, which will bring improved network performance and scalability. Block size limit will be increased to allow more transactions per block. This additional network capacity is expected to be followed by a number of new DApps taking advantage of the improvements.
There are some seriously interesting projects being worked on, particularly the likes of World mobile who are looking to bring connectivity to millions of people across Africa.
Market conditions
It's a weird time in the market at the moment, there are a lot of factors playing heavily on all financial markets and not just Crypto.
As I write, the price of ADA is somewhere around $0.47 someway off its all time high of $3.09 in September 21.
In my opinion, the current price is at bargain basement levels (but following the market patterns, could drop even further). However, a project with so much development taking place on the network, and the 600 or so DApps waiting in the wings to go live, I can't see it staying at these lows for long.
Not financial advice obvs.
