Bloomberg Terminal has decided to add Cardano (ADA) to its list, thereby displaying the asset to a ton of potential investors. Cardano has often been viewed as a key competitor to Ethereum, and as such, this move by the Bloomberg Terminal will certainly keep investors on their toes. As a world’s introductory peer-reviewed blockchain, many have expressed interest in investing in Cardano as the inclusion to Bloomberg finally took place earlier today.
With the amount of influence and popularity that the Bloomberg Terminal has, Cardano can expect to gain a significant amount of exposure through it. After all, Bloomberg is often utilized by professional traders and investors alike at the relative cost of $24,000 a year.
Cardano gains momentum as next upgrade to introduce ‘smart contracts’
As aforementioned, not only is Cardano the world’s very first peer-reviewed blockchain, but it is also distinct as compared to various other blockchain networks in terms of its technical design and architecture. Furthermore, it is set to introduce a new phased upgrade soon, specifically the Goguen phase. This is not the first time that Cardano has introduced an upgrade either, as just last year, they had brought forth the Shelly upgrade, which resulted in the network gaining greater decentralization.
Nevertheless, the next upgrade will focus on introducing smart contracts and subsequent improvements to them, in addition to governance mechanisms as well as scaling solutions. However, not everything is going well for Cardano, as at the time of this writing, they still do not have any proper applications that users can utilize for easy access to their products and services. This has left some to wonder why they have been so highly valued as of late.
Cardano shoots for the moon as upgrades set to be released soon
Despite its shortcomings, Cardano has nevertheless managed to experience considerable relative success. In fact, in the current bull market, ADA is outperforming most of its competitors, and although it is currently ranked 6th, just a few weeks ago, it had actually managed to climb to the 3rd rank. Ultimately, time will tell whether Cardano can continue this wave of momentum as the Goguen upgrade is expected to be released soon, which will definitely help ADA increase its value to even grander heights.
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