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Cardanoโ€™s integrations to improve on-chain gaming and smart contracts

cardanos-integrations-to-improve-on-chain-gaming-and-smart-contracts
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Cardanoโ€™s integrations to improve on-chain gaming and smart contracts

As the crypto universe buzzes with excitement, Cardano (ADA) is enjoying a rollercoaster of success, with its price reaching a 30-day peak of $0.3994 as of April 4. The coin has seen a 2.8% surge in one week. 

But thatโ€™s not the whole story โ€“ fresh integrations and features are paving the way for intense on-chain gaming experiences, promising to unlock even more value for ADA.

Cardano's integrations to improve on-chain gaming and smart contracts - 1
ADA weekly price chart | Source: CoinMarketCap

A gaming extravaganza across chains

Paima Studiosโ€™ recent revelation has opened the doors to gaming opportunities for Cardano enthusiasts. 

https://twitter.com/PaimaStudios/status/1642889634165444608?s=20

With a new cross-chain network integration in place, they can now revel in on-chain games using ADA tokens โ€“ and players from other networks can partake in the Cardano-powered gaming thrill too.

Beyond bolstering the security of gaming experiences, Paima Studiosโ€™ collaboration with Cardano paves the way for a seamless gaming migration. 

The innovative feature allows games initially developed on alternative networks to transition onto the Cardano blockchain effortlessly. 

Consequently, players from those networks can indulge in Cardano-powered games without the hassle of relocating assets or bridging tokens.

Cardano meets Ethereum smart contracts

Milkomeda, another layer-2 network, is causing quite a stir with its latest feature rollout. Soon, Cardano users will gain access to Ethereum Virtual Machine (EVM) smart contracts via any ADA wallet. 

https://twitter.com/Milkomeda_com/status/1642880482525212678?s=20

This development enables creators to build on Cardano using Ethereumโ€™s Solidity language, streamlining the crafting of decentralized applications (dApps) like never before.

Milkomeda and Paima Studios reportedly received financial backing 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 Cardanoโ€™s recent surge in price, the cryptocurrency market is buzzing with excitement, but investors should be cautious. 

While CoinCodex has set a short-term target of $0.452 by Apr. 21, DigitalCoinโ€™s predictions 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, itโ€™s 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 investment decisions. As always, itโ€™s wise to diversify oneโ€™s portfolio and not invest more than one can afford to lose.

Whatโ€™s next for Cardano

Although Cardanoโ€™s price action encounters resistance at the $0.4 threshold, there is still ample room for growth. 

Meanwhile, sell-side pressure is receding, and the crypto whales are hoarding, accumulating 150 million ADA in March alone โ€“ a telling sign of an expected price ascent.

Meanwhile, with a US regional bank crisis and mounting inflation as a backdrop, the crypto market is thriving. As bitcoin (BTC) scales new heights, altcoins such as cardano (ADA) are hot on their heels.