Although Major Plutus Design Update Is Finally Live, Cardano (ADA) Price Nearly Hits Yearly Lows
Contents
- Memory limit increased for Plutus Scripts, but ADA dips below $1
- Finder Panelists: Cardano (ADA) Could Eclipse $58 By 2030
On February 14, 2022, the Cardano (ADA) blockchain underwent one of the most crucial updates in 2022. Will it be powerful enough to end a months-long ADA price drop?
Memory limit increased for Plutus Scripts, but ADA dips below $1
Input Output Global, a team of software developers behind the advancements of Cardano’s (ADA) blockchain solutions, has announced that Cardano’s latest codebase update is now live.
Our latest performance update increased the limit of memory units per block for #Plutus scripts on the #Cardano mainnet, as we continue to improve and optimize the #Cardano network.
From our recent mid-month update, here is @JohnAlanWoods https://t.co/nP3dSktHzw pic.twitter.com/LJR74Shxeb
— Input Output (@InputOutputHK) February 17, 2022
Starting today, February 19, 2022, it comes out of observation mode: it’s designed to push back the barriers of Cardano’s power and decentralization for better dApps performance.
As previously reported by U.Today, each Plutus script (Cardano-specific software program for on-chain applications) can now use more computing power from Cardano (ADA) – up to 12%.
Additionally, according to the statement of Cardano’s Chief Architect, John Alan Woods, Cardano’s block size has increased to 80 kilobytes.
At the same time, the price of Cardano (ADA) is at its lowest since mid-February 2021. Today, ADA is changing hands at $0.98 on major spot platforms: its price has not been this low since February 23, 2021.
As such, ADA price has lost over 66% from its all-time high recorded in September 2021 at over $3.
Finder Panelists: Cardano (ADA) Could Eclipse $58 By 2030
However, even this massive multi-month decline does not make some analysts pessimistic about Cardano’s long-term prospects. The all-in-one crypto dashboard researcher held a roundtable to check the sentiment about Cardano (ADA) with the expert community.
Finder roundtable participants (crypto entrepreneurs, analysts, influencers, researchers, advisors, etc.) are confident that ADA is poised for a 58x rally.
It should be noted that in July 2021, experts were 50% less optimistic about the performance of Cardano (ADA): they predicted its 28x rally in eight years.
U.Today reminds that no expert report should be considered as investment advice; stay alert and do your own research before making a trading or investment decision.