As the crypto universe buzzes with excitement, Cardano (ADA) is enjoying a roller coaster ride of success, with its price hitting a 30-day high of $0.3994 on April 4. The coin saw an increase of 2.8% in one week.
But that’s not the whole story: new integrations and features are paving the way for intense chain gaming experiences, promising to unlock even more value for ADA.
The recent reveal of Paima Studios has opened the doors to gaming opportunities for Cardano enthusiasts.
With a new cross-chain network integration, they can now revel in on-chain gaming using ADA tokens, and players on other networks can also participate in the excitement of Cardano-powered gaming.
Beyond tightening the security of gaming experiences, Paima Studios’ collaboration with Cardano paves the way for seamless game migration.
The innovative feature allows games initially developed on alternative networks to transition to the Cardano blockchain effortlessly.
Consequently, players on those networks can enjoy Cardano-powered games without the hassle of relocating assets or attaching tokens.
Cardano is compliant with Ethereum smart contracts
Milkomeda, another Layer 2 network, is making a splash with its latest feature release. Soon, Cardano users will gain access to Ethereum Virtual Machine (EVM) smart contracts through any ADA wallet.
This development allows creators to build on Cardano using Ethereum’s Solidity language, streamlining the creation of decentralized applications (dApps) like never before.
Milkomeda and Paima Studios reportedly received financial backing from the Cardano Treasury. With a generous allocation of $40,000 for each project, these entities are poised to advance the Cardano ecosystem by leaps and bounds.
Cardano Price Prediction
With the recent rise in the price of Cardano, the cryptocurrency market is abuzz with excitement, but investors should be cautious.
While CoinCodex has set a short-term target of $0.452 for April 21, DigitalCoin’s predictions suggest that ADA could see an average price of $0.85 in 2023 and climb to $1.31 by 2025.
While this is promising news for ADA enthusiasts, it is essential to remember that the cryptocurrency market is notoriously volatile.
Therefore, investors should always approach the market with caution and exercise due diligence before making investment decisions. As always, it is advisable to diversify your portfolio and not invest more than you can afford to lose.
What’s next for Cardano?
Although Cardano’s price action finds resistance at the $0.4 threshold, there is still ample room for growth.
Meanwhile, the pressure from the selling side is receding and crypto whales are amassing 150 million ADA in March alone, a telltale sign of an expected price rise.
Meanwhile, against the backdrop of a regional US banking crisis and rising inflation, the crypto market is thriving. As bitcoin (BTC) scales new heights, altcoins like cardano (ADA) are hot on its heels.
