Cardano’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 that’s not the whole story – fresh integrations and features are paving the way for intense on-chain gaming experiences, promising to unlock even more value for ADA.
A gaming extravaganza across chains
Paima Studios’ recent revelation has opened the doors to gaming opportunities for Cardano enthusiasts.
With a new cross-chain network integration in place, they can now revel in on-chain games using ADA tokens – and players from other networks can partake in the Cardano-powered gaming thrill too.
Beyond bolstering the security of gaming experiences, Paima Studios’ 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.
This development enables creators to build on Cardano using Ethereum’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 Cardano’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, DigitalCoin’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, it’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, it’s wise to diversify one’s portfolio and not invest more than one can afford to lose.
What’s next for Cardano
Although Cardano’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 – 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.