Cardano (ADA) have become the most discussed topic in the cryto world, as its token ADA being a rapidly emerging alt coin, places itself among the top three cryptocurrencies. With very high potential, Cardano has attracted investor potential while market analysts being bullish on the coin.
Fueling-up this intense growth of Cardano’s blockchain, recently its CEO Charles Hoskinson said the company is currently involved in over 100 projects it is working on. Commenting on the extensive growth of Cardano in a recent interview he said, “I have a hundred plus commercial projects in the pipeline that want to either migrate or build something on Cardano”.
CoinMarketCap data about Cardano is enthralling to hear, as it says Cardano (ADA) has gained more than 400% from last year to date. Further, with this 100+ projects on the go, nothing but a rally in growth can be expected.
What are these 100+ projects?
Of course, Cardano have no yet revealed all of its 100+ projects but insights were given into few of them. These projects can be with the potential for revolutionizing the crypto sphere and at the same time speculations arise as to whether will all of them will be implemented in the first place.
An Artificial Intelligence (AI) solution SingularityNET (AGI) recently revealed it has engaged with Cardano to continue its second phase of migration into the Cardano blockchain. This is among the one of those projects Hoskinson claimed has been in the pipeline.
SingularityNET announced that it would create a billion new AGI tokens on the Cardano’s blockchain. According to IOHK, this will be the first major token release on the Cardano Native Assets platform and is “the largest democratic exercise in the history of decentralized AI”
Further commenting on the project, Cardano’s developers stated that this will be the highest democratic exercise in AI and the first main token to be released on the smart contract platform.
Apart from the aforesaid project, there will be projects which encompass cryptocurrencies and decentralized finance (DeFi) protocols, according to Hoskinson. He said that the government, as well as Fortune 500 companies, are interested in these projects, “We have Fortune 500 interest and we have government interest.”
Cardano’s interest in Africa
Cardano’s CEO was highlighting the fact that plenty of opportunities are available in the emerging African markets and those opportunities need to be well executed. In his statement about ‘government interest’, he was referring to that of with African governments.
During the second week of February, the Director of African Operations at IOHK, John O’Connor, announced that Cardano is about to secure a contract with the Ethiopian government in Africa. But did not specify about the level of project’s development.
This can be considered as a sign that the platform has opened its arms to welcome several partnerships and other projects that want to utilize Cardano’s platform to expand their products.
ADA price prediction
Cardano had a massive rally in 2021 and remained in a daily uptrend despite the recent sell-off. Now, after ADA bulls held a key support level, Cardano is ready for a new leg up, potentially to new all-time highs above $1.48. Says FXStreet in their price prediction.
According to CoinPedia, Cardano will realize its highest value upsurge all throughout the year and might record a new all-time high. By the end of 2021, ADA could reach $10. ADA would initiate the year 2022 with a price of $12.