Cardano’s native coin ADA rallied over 1000% in 2021, from $ 0.30 to a high of $ 3.09 and despite a recent sell-off, remains at over 750% over the past year .
The executive director of the Cardano Foundation, Frederik Gregaard, says that 2021 has been a great year for the Cardano protocol, with “sustained growth, technical innovation, community expansion and [major] associations ”, highlights the key.
The head of the Cardano Foundation said this, highlighting some of the chain’s achievements during the year in a blog report published on December 22.
According to Gregaard, the growth meant further adoption of Cardano (ADA), especially after the blockchain reached new milestones: the addition of native tokens and the launch of the smart contract capability. There were also key developments to enable decentralized finance (DeFi) and decentralized exchanges (DEX) on the blockchain, added.
🎊It has been an incredible year of growth, achievements and great milestones both for the Cardano Foundation and for the #Cardano Protocol!
We are excited to share with you some of the highlights of 2021!
Check ithttps://t.co/YZj8RtDIDz pic.twitter.com/VtraaOFIub
– Cardano Foundation (@CardanoStiftung) December 22, 2021
As of December 20, 2020, the Cardano network had seen over 2.5 million native assets minted since March 1, when the multi-asset ledger feature was added. Of the 2.5 million native assets minted so far, 2 million have been non-fungible tokens (NFTs).
2.58 million new portfolios and more than 23.8 million on-chain transactions have been created.
A summary of the chain growth milestones for Cardano in 2021. Source: Cardano Foundation
Gregaard notes that the Cardano ecosystem is open to further adoption and utility across the chain thanks to the successful launch of the Alonzo Hard Fork in September. He says this “brought programmability to Cardano,” which made it possible for developers to build and deploy decentralized applications (dApps) on the blockchain.
Cardano now also supports decentralized finance (DeFi), one of the major crypto developments that exploded in the last year.
Cardano partnerships in 2021
Cardano also had a great year in terms of the many partnerships that were established, with these collaborations and agreements to “create value and utility within the Cardano ecosystem”.
Some of the key partnerships include e-sports platform Rival, fintech UBX, and Save the Children, a non-profit organization that focuses on using ADA for humanitarian projects in East Africa. Scantrust and Baia’s Wine, which use the Cardano blockchain for supply chain traceability applications, the other key deals announced in the year.
Cardano Market Outlook 2021
Cardano’s native token, ADA, is trading around $ 1.35 per dollar at time of writing, about 2% higher on the day according to data from CoinGecko. The value of the coin surged more than 750% last year after rebounding from lows of $ 0.30 in early 2021.
However, last week’s sell-off means ADA losses for the past month are at -25%, while declines since hitting an all-time high of $ 3.09 in early September are at around 56%. .
The value of the coin could still flip as analysts see a further collapse of the markets in early January, although crypto analyst Michael van de Poppe says Cardano is one of those looking for a big bounce.
Still wonderfully following the path to #Cardano.
And I still think we’ll have a hot streak in 2022 in this one as well.
When the time doesn’t feel right, it’s usually the best time to get your positions. pic.twitter.com/g3575gLELC
– Michaël van de Poppe (@CryptoMichNL) December 22, 2021
We would love to say thanks to the writer of this write-up for this amazing material
Frederik Gregaard, CEO of the Cardano Foundation, talks about Cardano’s growth in 2021 – Crypto news