Bloomberg Terminal added support for Cardano (ADA). Now this cryptocurrency has become available to a wide range of professional investors.
The news of the addition of Cardano support to the Bloomberg terminal is undoubtedly bullish for the cryptocurrency, which represents one of the main competitors to the Ethereum blockchain.
#Cardano was just added to Bloomberg Terminal 🙂 pic.twitter.com/vcpVGpwTEA
— Jérôme S. 🇫🇷 (@CryptoJeromeFR) March 14, 2021
Bloomberg Terminal is the most popular platform for professional traders. Huge amounts of money pass through it every year. The addition of ADA to it could give a tangible boost to the popularization and more active mass adoption of Cardano.
As the founder of the project, Charles Hoskinson, commented, “they began to recognize him at the airports”.
Cardano – from upgrade to upgrade
Recall that the technical architecture of Cardano is significantly different from traditional blockchain networks. The project roadmap breaks down the entire history of the network’s development into five eras: Byron (foundation), Shelley (decentralization), Gauguin (smart contracts), Basho (scaling) and Voltaire (governance).
The project is currently undergoing the Gauguin era. At this stage, he will add improved support for smart contracts and the ability to create decentralized applications (dApps) on the Cardano platform.
Cardano roadmap
However, there is some skepticism among the participants in the crypto community regarding the prospects for Cardano. So, they point out that this network does not have any popular applications, therefore, its cost is unreasonably high.
Cardano – to the moon and above?
Meanwhile, despite the critics, the ADA rate has been performing well recently even in the general bull market. At the time of writing, the coin was ranked sixth in the ranking of the currencies with the highest market capitalization, and even broke into the top 3 a few weeks ago.
Over the past couple of weeks, the ADA rate has been moderately correcting after an aggressive rally, but still remains at the high levels reached in 2021.
Recall also that recently the head of the Galaxy Digital cryptobank, Mike Novogratz, showed interest in Cardano. He asked his readers to share with him information about this network and the opportunities it offers.
It is possible that the renewal of the blockchain in the framework of the Gauguin era (in particular, the addition of smart contracts) will significantly increase the competitiveness of this network.
Already, institutional investors have begun to show interest in ADA. For example, Dubai-based crypto investment fund FD7 Ventures recently launched a $ 250 million microfund to develop the ADA and DOT ecosystems. In addition, the managing director of the fund expressed confidence that the Cardano (ADA) rate will grow 20 times in the next 2-3 years.
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