OKX's Chief Commercial Officer Lennix Lai commented on the prospects of the cryptocurrency Cardano (ADA). According to him, the fate of the project is entirely in the hands of the developers, who have begun to fight for investors' attention once again. The startup's founder, Charles Hoskinson, recently outlined a long-term strategy to turn the platform into a leading force in the cryptocurrency market.
According to Lennix, the developer emphasized the importance of developing decentralized applications (dApps) and scaling the network through the Voltaire and Basho updates. These upgrades are aimed at improving governance and addressing scalability issues. The expert believes that if the technical aspects hold up, the platform's attractiveness to developers and users will increase significantly.
Despite the optimistic statements, the ADA cryptocurrency is clearly facing difficulties. The recovery of its price lags behind its "neighbors" in the market capitalization rankings. Cardano continues to occupy a place in the top 10 cryptocurrencies by market value, which indicates stable support from investors.
However, according to Lai, for further growth of ADA's price, more active integration into real projects and applications, as well as improving the platform's perception among users and developers, are necessary. "This is where the upgrades come into play." The OKX expert noted that one of the key factors that could influence Cardano's future is the development of its ecosystem.
"The expansion of smart contract usage and the launch of new dApps could play a decisive role in increasing the demand for ADA. The platform team is actively working on improving infrastructure and attracting partners, which could also contribute to growth in a bullish market." Thus, the future of Cardano in a bullish market will depend on several factors. If the project manages to overcome all challenges, ADA has every chance for a successful future.
