While the crypto universe is buzzing with excitement, Cardano (ADA) is enjoying a rollercoaster of success, with its price hitting a 30-day peak of $0.3994 as of April 4. The coin has seen an increase of 2.8% in one week.
But that’s not the whole story—new integrations and features have paved the way for intense gaming experiences on chains, promising to unlock even more value for ADA.
A gaming extravaganza about chains
The recent revelation of Paima Studios has opened the doors of gaming possibilities for cardano enthusiasts.
https://twitter.com/paimastudios/status/164289634165444608?s=20
With a new cross-chain network integration in place, they can now enjoy on-chain games with ADA tokens—and players from other networks can also join in on the Cardano-powered gaming sensation.
In addition to strengthening the security of gaming experiences, Paima Studios’ partnership with Cardano paves the way for seamless gaming migration.
The innovative feature allows games initially developed on alternative networks to transition effortlessly to the Cardano Blockchain.
Consequently, players from those networks can indulge in Cardano-powered games without the hassle of moving assets or bridging tokens.
Cardano complies with Ethereum Smart Contracts
Milkomeda, another Layer-2 network, is making quite a stir with its latest feature rollout. Cardano users will soon be able to access Ethereum Virtual Machine (EVM) smart contracts through any ADA wallet.
Milkomeda Incubator is a program designed to accelerate the growth of startups building on Milkomeda.
We're looking for innovative teams with ideas in DeFi, NFTs, DAOs, and Gaming who are committed to driving adoption and growth in the Cardano ecosystem.🚀
— Milkomeda (there is no token) (@Milkomeda_com) April 3, 2023
This development allows makers to build on Cardano using Ethereum’s solidity language, streamlining the creation of decentralized applications (DAPPs) like never before.
Milkomeda and Paima Studios have reportedly received financial support from the Cardano Treasury. With a generous allocation of $40,000 for each project, these entities are set to advance the Cardano ecosystem in leaps and bounds.
Cardano price prediction
With the recent price increase of Cardano, the cryptocurrency market is buzzing with excitement, but investors should be cautious.
While Coincodex has set a short-term target of $0.452 for April 21, DigitalCoin’s forecasts suggest that ADA could see an average price of $0.85 in 2023 and move up 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 cautiously and do their due diligence before making any investment decisions. As always, it is wise to diversify one’s portfolio and not invest more than one can afford to lose.
What’s next for Cardano
Although Cardano’s price action is meeting resistance at the $0.4 threshold, there is still plenty of room for growth.
Meanwhile, pressure on the sell side is falling and the crypto whales are collecting 150 million ADA in March alone—a telling sign of an expected price increase.
Meanwhile, with a US regional banking crisis and rising inflation as a backdrop, the crypto market is booming. As Bitcoin (BTC) scales new heights, altcoins like Cardano (ADA) are hot on their heels.
