Crypto: The year 2024 looks promising for Cardano!

Cardano is under the spotlight in the crypto sphere: its smart contracts have seen unprecedented growth in 2024. Data from January 24th indicates a 67% increase since January 1st. Improvements made to the ecosystem seem to be bearing fruit, especially as Hoskinson, co-founder of the network, predicts positive trends for Cardano in 2024.

Crypto: Explosive Growth of Smart Contracts on Cardano

As of January 24th, the cumulative number of Plutus V1 and V2 smart contracts on Cardano reached 24,050. This represents an increase of 9,671, or 67% from January 1st, which stood at 14,979. These impressive figures are reported by Cardano Blockchain Insights. This growth coincides with the period when the platform added nearly 10,000 smart contracts to the surge of development activity.

An increase in contracts, which itself coincides with the implementation of the Plutus Core language. Since then, the crypto platform has experienced notable improvements, particularly in terms of script cost and size reductions.

Despite the development activities, the price of ADA crypto strongly depends on the general market trend. The cryptocurrency is currently facing support at the $0.45 level, and $0.50 remains the key resistance zone.

The Optimistic Forecast of Hoskinson

All this leads us to question the future prospects of the blockchain and native crypto of the network. According to Charles Hoskinson, they are very positive in 2024. He stated on YouTube that 2024 is a pivotal year for Cardano, emphasizing the “era of Voltaire”.

Inspired by the French writer and philosopher, Voltaire is the fifth and final stage of the development roadmap for this blockchain. Its main pillars are democratic governance, institutions, and constitutional representation.

Drawing from the Electric Capital 2023 report, Hoskinson showcased Cardano’s performance despite the volatilities of the crypto market. This highlights the positive development trends of this ecosystem.

Hoskinson’s reflections, combined with current technological developments, offer a comprehensive and nuanced view of the Cardano blockchain.