HomeNewsCardano Network Poised for Major Upgrade: Founder Hints at Exciting Development

Cardano Network Poised for Major Upgrade: Founder Hints at Exciting Development

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  • Cardano announces integration with Firefly, enhancing ecosystem and ADA’s potential.
  • Dan Gambardello predicts ADA price could hit $1.5 after breaking ‘Raising Wedge’ pattern.

Charles Hoskinson, Cardano’s founder, recently revealed about the forthcoming integration between Cardano and Firefly networks, potentially enhancing the ecosystem and its network, as well as the network’s native crypto, ADA.

In a tweet that earned more than 90,000 views, Hoskison gave a signal about Cardano integration with Firefly, an initiative to “test and see if SPOs like it”.

Cardano-Firefly Integration: A New Dawn

In the long run, Hoskinson wants to run the entire infrastructure as a container and enable light consensus. The project is working with Blockfrost, being another growth signal on Cardano’s ecosystem.

For your information, Firefly is the supervisor of Hyperledger Labs, which is a multi-party system for corporate data flows, which provides a dedicated infrastructure for the development of decentralized blockchain applications.

Thus, this integration is expected to facilitate the development of applications that overcome the layer of complexity between low-level blockchain with business processes and high-level user interfaces.

Hoskinson’s response to a tweet by a Cardano fan, Chris O, discussing the concept of “SuperNode”, suggests that Cardano may soon witness the realisation of the concept, which looks similar to Firefly’s capabilities. For a deeper dive into these developments, a detailed explanation is available in this Youtube video.

Price Prediction: The $1.5 Milestone

On the other hand, Dan Gambardello, founder of Crypto Capital Venture, shares a bullish prediction of the ADA price. He appears convinced that ADA could potentially climb to $1.5 if it manages to cross the upper edge of the “Raising Wedge” technical pattern.

This prediction meets other optimistic predictions of Cardano’s crypto, which is expected to rocket along with the bull run in the crypto market, as ETHNews earlier indicated.

This whole development marks an important moment for Cardano, which continues to strengthen its position as one of the most innovative and sustainable blockchain platforms in the world.

At the time of writing, the ADA price has risen in the last 24 hours and 7 days, by 8,03% and 23,18%, bringing it to the $0,7836.

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Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: [email protected] Phone: +49 160 92211628