• Cardano has been making headlines due to its innovative and high-quality product.
• Its native token ADA had a successful investment for many during the 2021 bull market, shooting up from $0.17 to more than $2.9 within months.
• Cardano has been criticized for slow development and minimal partnerships, but recent developments, upgrades, announcements and other bullish catalysts have been steering its price up again.
Since the cryptocurrency market crashed in early 2022, the industry has been filled with bearish sentiments. But since we entered 2023, things are starting to look more positive, especially for one of the most popular projects in the space: Cardano.
Cardano is a blockchain project that has been making headlines for its innovative and high-quality product. The project’s native token, ADA, has seen a great investment return for many during the 2021 bull market. Within a matter of months, the crypto had shot up from being worth merely $0.17 to more than $2.9.
However, the crash caused ADA to start a downtrend too, which had previously brought the asset to the $0.24 level. Nevertheless, there have been recent developments, upgrades, announcements and other bullish catalysts that have been steering its price up again, a fact that the crypto community seems to be excited about, as evidenced on several social media platforms.
The project has often been criticized for its slow development and minimal partnerships. But the team behind Cardano have been hard at work, pushing out updates and upgrades that have given users more confidence in the project. They have also been actively engaging with developers, inviting them to build their dapps on the platform.
The progress made in the past few months has been promising, and many are expecting Cardano to be one of the top gainers in the crypto space in 2023. With the bulls back in control, now could be the perfect time to add ADA to your portfolio.