Cardano went through different phases in 2021. After a solid development of the ADA token in the first half of the year with price losses after the crash in May, the ADA price rose massively at the end of summer/beginning of autumn. However, in the final quarter of the year, ADA had great struggles. How can Cardano remain successful in 2022? These two weaknesses should be addressed by the network.

All in all, the year 2021 was a very successful one for Cardano. With the introduction of smart contracts, the network took an enormously important step towards becoming an important hub for dApps and thus remaining competitive in the market. In terms of technical requirements, the network has long been considered excellent - secure, efficient, and inexpensive.

In September, the ADA token peaked at over $ 3. This happened around the "Alonzo" hard fork, which Cardano ultimately made smart-contract-capable. In the fourth quarter, however, we saw a sharp drop in the ADA rate to as low as $ 1.20. These heavy losses happened despite a record number of Cardano transactions in November. However, the major crash of the overall market was the main reason for the losses.

The strong Cardano community appreciates that the developers always act with patience when further developing the blockchain and actually design technical innovations in such a way that they bring added value in the long term. But criticism of the rather slow speed of technical innovations comes up again and again.

The fact that Cardano is pursuing a long-term plan and prioritizing safety and technical excellence is commendable. However, the network has to keep its finger on the pulse. New networks such as Solana and Avalanche made extreme progress in the last quarter and convinced numerous investors. More networks will come onto the scene in 2022. Cardano has to make sure that you don't lose touch.

Another point of criticism of Cardano is the often highly academic approach to the further development of the blockchain. The Foundation works closely with scientists on the blockchain according to evidence-based standards. However, it is ultimately the economic benefit of a project that decides whether it can survive on the market in the long term.

Cardano has to ensure that it remains competitive in the large growth markets DeFi and NFT. In the first half of the year, CEO Charles Hoskinson, therefore, wants to ensure that the commercialization of several hundred Cardano projects progresses quickly. The success of the blockchain must not only remain an academic one, it must also become an economic one.

You can purchase the ADA token from Cardano on  Binance,  Coinbase,  Kraken, and Bitfinex.

Cardano has had a very difficult time in the crypto market in the past few weeks. The price of the ADA token fell from its all-time high of over $ 3 to currently $ 1.22. The ADA token was hit particularly hard in this market correction compared to other coins. But many key figures show that the network is on the right track. What challenges does Cardano have to overcome in order to get started again in 2022? Let's look at the 3 major challenges that will contribute to Cardano 2022 comeback.

---> Click here to Buy ADA <---

The 3 big pillars of smart contracts and the corresponding platforms are decentralization, scalability and security. Cardano is very well positioned in all 3 areas. However, platforms like Solana and Avalanche have made extreme strides in the area of ??scalability and offer extremely fast transactions.

Thanks to the proof-of-stake consensus mechanism, Cardano was able to set itself apart from the market leader Ethereum, which is only going to switch from proof-of-work to proof-of-stake. However, developers need to keep working to ensure efficient yet secure transactions to keep up with networks like Solana and Avalanche.

After the first reason, Cardano must not forget to offer optimal scalability for decentralized applications. Again and again there is criticism that the Cardano Foundation is too academic in its work on the blockchain and has recently been left behind in terms of competitiveness.

Especially in the area of ??scalability, the network must not lose touch. Even if the blockchain were to have the best technical level overall, competitors could overtake the network on the market with significantly higher scalability in terms of smart contracts. However, improving scalability is already the next step in the development of the Cardano Foundation.

Establishing governance functions is also a development step that Cardano is working on intensively. According to Cardano boss Charles Hoskinson, the platform is working on the formation of a governance that will guarantee the participation of hundreds of companies. 

With the governance model, token holders should have the opportunity to determine future developments of the platforms on a democratic basis. The tools used are the 'Cardano Improvement Proposals', which the token holders can vote on. 

---> Click here to Buy ADA <---