The post ChatGPT predicts a 25x surge in the price of ADA in 2024 appeared on BitcoinEthereumNews.com.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice, and is solely the writer’s opinion. The Cardano [ADA] ecosystem has been hustling and bustling over the past few months, this continued in December as it saw the highest developer activity in the past 30 days. While this is not a direct measure of its price action, having a high developer activity indicates that a crypto project is committed to creating a working product and adding more features. The coin was trading at $0.6228 at the time of writing. Additionally, it has also maintained an overall positive rise in its Funding Rate, suggesting overall optimism among traders about the coin. Updates, updates, and more updates In the beginning, the Byron Era laid the groundwork for Cardano. It established the mainnet and introduced other foundational tools. A federated network, dominated by Input Output Global and Emurgo, marked the inception. The Shelley Era witnessed a hard fork in July 2020, with Cardano transitioning from centralized Byron rules to a decentralized setup. The community’s stake pool operators took the reins, showcasing Cardano’s commitment to decentralization. The following Goguen Era was unveiled progressively. It brought forth features such as Smart Contracts and dApps. The Goguen Era took place in three steps: Allegra, Mary, and Alonzo eras. The Allegra Era introduced token locking support. The Mary Era pioneered native tokens and multi-asset functionality. The Alonzo Era enabled smart contract support, solidifying Cardano as a versatile platform for diverse applications. The subsequent Basho Era focused on scaling and optimization. Innovations included sidechains for enhanced network capacity and the introduction of parallel accounting styles, broadening use cases, and interoperability. The latest Voltaire Era is focused on decentralized governance, empowering the Cardano community with voting rights on network evolution, technical enhancements, and funding decisions.…

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Filed under: News - @ December 31, 2023 2:02 pm