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Bloomberg Terminal added Cardano (ADA), which helps the asset expand access to a large group of professional investors.
This news is a strong confirmation of the title of “competitor” to Ethereum. Twitter users posted screenshots on March 15th. The image includes a brief explanation of what Cardano is and how it works.
#Cardano was just added to Bloomberg Terminal 🙂 pic.twitter.com/vcpVGpwTEA
– Jérôme S. 🇫🇷 (@CryptoJeromeFR) March 14, 2021
Bloomberg Terminal is one of the popular websites among professional traders. It is an important tool and will likely give Cardano more opportunities to reach out to larger investors.
Cardano’s next upgrade will introduce smart contracts
Cardano’s technical architecture differs from other blockchain networks. For many years in the course of its implementation, the project has been undergoing a phased upgrade. And now the Goguen phase is about to be released.
The project launched the Shelley upgrade last year, bringing greater decentralization to the network. The upcoming phases will address smart contract improvements, scaling solutions and governance mechanisms.
However, there has been some skepticism regarding Cardano’s popularity as the network doesn’t have any popular applications, which has left some investors wondering why the project is so highly regarded. .
Cardano Moon Shot
ADA is currently one of the best performing tokens while the bull market is underway. Currently, ADA is ranked fifth, by market cap.
Prices have fallen slightly over the past 24 hours, but are still significantly higher than they were before 2021.
Besides, this property has attracted even more attention when Binance announced that the exchange will support Cardano’s Mary upgrade and hard fork. At the same time, Cardano liquidity mining is also supported on Binance Smart Chain.
Additionally, the ADA has a chance to increase in value even further with the upcoming Goguen upgrade. This brings smart contracts to the network, which will significantly increase application potential.
It is recent developments that have prompted large companies to invest in this property. Dubai-based FD7 Ventures has spent $ 250 million funding companies building solutions on Cardano and Polkadot.
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